Azenta Gross Profit Margin vs Net Profit Margin Analysis
AZTA Stock | USD 52.62 0.11 0.21% |
Azenta financial indicator trend analysis is way more than just evaluating Azenta Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Azenta Inc is a good investment. Please check the relationship between Azenta Gross Profit Margin and its Net Profit Margin accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Azenta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Gross Profit Margin vs Net Profit Margin
Gross Profit Margin vs Net Profit Margin Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Azenta Inc Gross Profit Margin account and Net Profit Margin. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Azenta's Gross Profit Margin and Net Profit Margin is -0.32. Overlapping area represents the amount of variation of Gross Profit Margin that can explain the historical movement of Net Profit Margin in the same time period over historical financial statements of Azenta Inc, assuming nothing else is changed. The correlation between historical values of Azenta's Gross Profit Margin and Net Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit Margin of Azenta Inc are associated (or correlated) with its Net Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Profit Margin has no effect on the direction of Gross Profit Margin i.e., Azenta's Gross Profit Margin and Net Profit Margin go up and down completely randomly.
Correlation Coefficient | -0.32 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Gross Profit Margin
Net Profit Margin
The percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue.Most indicators from Azenta's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Azenta Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Azenta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At present, Azenta's Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 62.12, whereas Selling General Administrative is forecasted to decline to about 243.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 555.5M | 665.1M | 764.8M | 497.6M | Depreciation And Amortization | 53.7M | 85.6M | 98.4M | 103.3M |
Azenta fundamental ratios Correlations
Click cells to compare fundamentals
Azenta Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Azenta fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 1.8B | 3.7B | 2.9B | 3.3B | 3.5B | |
Short Long Term Debt Total | 82.3M | 94.8M | 49.2M | 60.4M | 69.5M | 77.1M | |
Other Current Liab | 117.2M | 128.9M | 145.1M | 130.3M | 149.9M | 157.4M | |
Total Current Liabilities | 211.1M | 345.1M | 230.5M | 210.9M | 242.6M | 134.5M | |
Total Stockholder Equity | 1.2B | 1.3B | 3.4B | 2.5B | 2.9B | 3.1B | |
Property Plant And Equipment Net | 117.7M | 130.7M | 154.5M | 205.7M | 236.6M | 248.4M | |
Net Debt | (213.4M) | (132.7M) | (609.0M) | (618.5M) | (556.6M) | (528.8M) | |
Retained Earnings | (551.1M) | (470.1M) | 1.7B | 1.6B | 1.5B | 1.6B | |
Accounts Payable | 61.8M | 42.4M | 38.7M | 35.8M | 41.2M | 37.9M | |
Cash | 295.6M | 227.4M | 658.3M | 678.9M | 780.7M | 819.8M | |
Non Current Assets Total | 909.7M | 1.0B | 1.3B | 1.5B | 1.7B | 1.8B | |
Non Currrent Assets Other | 64.1M | 241.9M | 57.1M | 70.5M | 81.0M | 45.3M | |
Cash And Short Term Investments | 295.7M | 227.5M | 1.6B | 1.0B | 1.2B | 1.2B | |
Net Receivables | 188.3M | 119.9M | 163.8M | 156.5M | 180.0M | 97.4M | |
Common Stock Shares Outstanding | 73.9M | 74.5M | 74.9M | 66.3M | 76.2M | 54.2M | |
Liabilities And Stockholders Equity | 1.6B | 1.8B | 3.7B | 2.9B | 3.3B | 3.5B | |
Non Current Liabilities Total | 134.4M | 149.1M | 122.2M | 140.3M | 161.3M | 169.4M | |
Inventory | 114.8M | 60.4M | 85.5M | 128.2M | 147.4M | 82.9M | |
Other Current Assets | 50.6M | 369.6M | 640.0M | 98.8M | 113.6M | 61.9M | |
Other Stockholder Equity | 1.7B | 1.8B | 1.8B | 955.2M | 1.1B | 1.3B | |
Total Liab | 345.5M | 494.2M | 352.7M | 351.2M | 403.9M | 208.5M | |
Total Current Assets | 649.5M | 777.4M | 2.5B | 1.4B | 1.6B | 1.7B | |
Short Term Debt | 827K | 148.1M | 7.0M | 10.2M | 11.7M | 9.6M | |
Accumulated Other Comprehensive Income | 21.9M | 19.4M | (83.9M) | (62.4M) | (56.2M) | (53.4M) | |
Intangible Assets | 218.3M | 186.5M | 178.4M | 294.3M | 338.4M | 355.4M | |
Common Stock | 873K | 878K | 885K | 713K | 820.0K | 733.3K | |
Short Term Investments | 67K | 81K | 911.8M | 338.9M | 389.7M | 409.2M | |
Current Deferred Revenue | 31.4M | 25.7M | 39.7M | 34.6M | 39.8M | 23.5M | |
Good Will | 501.5M | 469.4M | 513.6M | 784.3M | 902.0M | 947.1M | |
Other Liab | 65.7M | 54.3M | 73.0M | 78.5M | 90.3M | 62.9M | |
Net Tangible Assets | 548.1M | 669.4M | 2.7B | 1.5B | 1.7B | 1.1B | |
Other Assets | 129.2M | 202.3M | 58.3M | 4.5M | 4.0M | 3.8M | |
Net Invested Capital | 1.3B | 1.4B | 3.4B | 2.5B | 2.9B | 2.0B | |
Long Term Investments | 3.1M | 3.6M | 352.0M | 111.3M | 128.0M | 88.0M | |
Capital Stock | 873K | 878K | 885K | 713K | 641.7K | 672.9K | |
Non Current Liabilities Other | 9.6M | 6.2M | 6.5M | 12.2M | 14.0M | 9.2M | |
Net Working Capital | 438.3M | 432.3M | 2.2B | 1.2B | 1.4B | 931.7M |
Pair Trading with Azenta
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Azenta position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Azenta will appreciate offsetting losses from the drop in the long position's value.Moving together with Azenta Stock
0.63 | KA | Kineta Inc | PairCorr |
0.66 | ME | 23Andme Holding | PairCorr |
Moving against Azenta Stock
0.76 | AZN | AstraZeneca PLC ADR | PairCorr |
0.58 | ELYM | Eliem Therapeutics | PairCorr |
0.51 | ELVN | Enliven Therapeutics | PairCorr |
0.48 | OGN | Organon | PairCorr |
0.44 | DYAI | Dyadic International | PairCorr |
The ability to find closely correlated positions to Azenta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Azenta when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Azenta - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Azenta Inc to buy it.
The correlation of Azenta is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Azenta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Azenta Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Azenta can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Azenta Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Azenta's price analysis, check to measure Azenta's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Azenta is operating at the current time. Most of Azenta's value examination focuses on studying past and present price action to predict the probability of Azenta's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azenta's price. Additionally, you may evaluate how the addition of Azenta to your portfolios can decrease your overall portfolio volatility.
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Is Azenta's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Azenta. If investors know Azenta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Azenta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 87.778 | Earnings Share (0.32) | Revenue Per Share 10.29 | Quarterly Revenue Growth (0.14) | Return On Assets (0.01) |
The market value of Azenta Inc is measured differently than its book value, which is the value of Azenta that is recorded on the company's balance sheet. Investors also form their own opinion of Azenta's value that differs from its market value or its book value, called intrinsic value, which is Azenta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Azenta's market value can be influenced by many factors that don't directly affect Azenta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Azenta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Azenta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Azenta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.