Azenta Inc (AZTA)
Return on total capital
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -200,678 | -205,014 | -206,096 | -72,118 | -61,273 | -63,022 | -47,362 | 2,083,845 | 2,138,752 | 2,163,986 | 2,203,005 | 106,665 | 92,625 | 95,933 | 76,716 | 68,071 | 53,867 | 433,700 | 436,629 | 433,793 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 49,702 | 49,677 | 49,651 | 49,653 | 49,629 | 49,588 | 49,563 | 49,951 | 49,918 |
| Total stockholders’ equity | US$ in thousands | 1,768,970 | 1,990,400 | 2,222,870 | 2,443,660 | 2,534,500 | 2,723,500 | 2,895,230 | 2,871,390 | 3,363,390 | 3,427,790 | 3,464,980 | 1,367,420 | 1,325,330 | 1,307,830 | 1,266,030 | 1,252,150 | 1,213,610 | 1,174,850 | 1,161,130 | 1,158,700 |
| Return on total capital | -11.34% | -10.30% | -9.27% | -2.95% | -2.42% | -2.31% | -1.64% | 72.57% | 63.59% | 63.13% | 63.58% | 7.53% | 6.74% | 7.07% | 5.83% | 5.23% | 4.26% | 35.42% | 36.05% | 35.89% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-200,678K ÷ ($—K + $1,768,970K)
= -11.34%
Azenta Inc's Return on Total Capital has fluctuated over the past years. In the most recent quarter, the company reported a negative Return on Total Capital of -11.34%, indicating that the company generated a loss relative to its total capital employed. This negative trend has been consistent over the last few quarters, with the ratios ranging from -2.42% to -11.34%.
However, the company experienced a significant positive Return on Total Capital in the quarter ending December 31, 2022, with a high ratio of 72.57%. This substantial return suggests that the company was able to efficiently utilize its total capital to generate profits during that period.
Overall, Azenta Inc's Return on Total Capital performance has been volatile, with periods of both negative and positive returns. Investors and stakeholders may need to closely monitor the company's capital management strategies and financial performance to understand the factors influencing these fluctuations.
Peer comparison
Sep 30, 2024