Azenta Other Current Assets vs Net Invested Capital Analysis

AZTA Stock

USD 52.18 0.68 1.32%

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 Other Current Assets and its Net Invested Capital 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.

Other Current Assets vs Net Invested Capital

Other Current Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Azenta Inc Other Current Assets account and Net Invested Capital. At this time, the significance of the direction appears to have strong relationship.

The correlation between Azenta's Other Current Assets and Net Invested Capital is 0.66. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Net Invested Capital 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 Other Current Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Azenta Inc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Other Current Assets i.e., Azenta's Other Current Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.66

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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

Total Revenue Depreciation And Amortization

Azenta fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Short Term Investments	Current Deferred Revenue
Total Assets		-0.13	0.82	0.58	1.0	0.94	-0.95	0.89	0.19	0.97	0.96	0.41	0.97	0.63	0.35	0.71	0.39	0.59	0.05	0.63	0.97	0.12	0.86	0.32	0.82	0.76
Short Long Term Debt Total	-0.13		-0.04	0.11	-0.16	-0.12	0.21	-0.3	0.51	-0.13	-0.11	0.06	-0.18	0.19	0.33	0.11	0.21	-0.09	0.35	0.12	-0.14	0.08	-0.08	0.34	-0.25	-0.08
Other Current Liab	0.82	-0.04		0.82	0.78	0.82	-0.76	0.61	0.53	0.8	0.87	0.48	0.71	0.8	0.48	0.77	0.4	0.44	0.25	0.82	0.74	0.22	0.91	0.46	0.47	0.75
Total Current Liabilities	0.58	0.11	0.82		0.51	0.56	-0.46	0.3	0.61	0.48	0.63	0.77	0.4	0.8	0.65	0.67	0.36	0.56	0.44	0.95	0.5	0.6	0.64	0.6	0.21	0.69
Total Stockholder Equity	1.0	-0.16	0.78	0.51		0.93	-0.96	0.91	0.14	0.97	0.94	0.35	0.98	0.59	0.31	0.65	0.38	0.58	0.02	0.56	0.98	0.07	0.83	0.28	0.85	0.74
Property Plant And Equipment Net	0.94	-0.12	0.82	0.56	0.93		-0.91	0.84	0.2	0.96	0.99	0.44	0.86	0.61	0.32	0.71	0.46	0.34	-0.02	0.61	0.84	0.16	0.95	0.28	0.61	0.67
Net Debt	-0.95	0.21	-0.76	-0.46	-0.96	-0.91		-0.93	-0.09	-0.96	-0.91	-0.23	-0.96	-0.6	-0.25	-0.55	-0.42	-0.47	0.09	-0.49	-0.93	0.04	-0.84	-0.2	-0.82	-0.75
Retained Earnings	0.89	-0.3	0.61	0.3	0.91	0.84	-0.93		-0.19	0.92	0.84	0.25	0.93	0.36	-0.07	0.55	0.14	0.47	-0.39	0.38	0.88	-0.01	0.75	-0.12	0.84	0.65
Accounts Payable	0.19	0.51	0.53	0.61	0.14	0.2	-0.09	-0.19		0.15	0.27	0.21	0.05	0.77	0.8	0.46	0.62	0.06	0.76	0.6	0.13	0.05	0.35	0.81	-0.15	0.4
Cash	0.97	-0.13	0.8	0.48	0.97	0.96	-0.96	0.92	0.15		0.97	0.31	0.95	0.59	0.24	0.71	0.41	0.41	-0.09	0.56	0.92	0.0	0.91	0.2	0.76	0.74
Non Current Assets Total	0.96	-0.11	0.87	0.63	0.94	0.99	-0.91	0.84	0.27	0.97		0.48	0.87	0.66	0.36	0.75	0.45	0.41	0.03	0.67	0.87	0.19	0.96	0.33	0.63	0.72
Non Currrent Assets Other	0.41	0.06	0.48	0.77	0.35	0.44	-0.23	0.25	0.21	0.31	0.48		0.22	0.37	0.3	0.62	-0.03	0.55	0.17	0.77	0.33	0.9	0.42	0.27	0.08	0.38
Cash And Short Term Investments	0.97	-0.18	0.71	0.4	0.98	0.86	-0.96	0.93	0.05	0.95	0.87	0.22		0.52	0.22	0.6	0.32	0.59	-0.06	0.47	0.98	-0.06	0.75	0.19	0.92	0.72
Net Receivables	0.63	0.19	0.8	0.8	0.59	0.61	-0.6	0.36	0.77	0.59	0.66	0.37	0.52		0.75	0.64	0.72	0.36	0.46	0.81	0.58	0.06	0.69	0.68	0.32	0.8
Common Stock Shares Outstanding	0.35	0.33	0.48	0.65	0.31	0.32	-0.25	-0.07	0.8	0.24	0.36	0.3	0.22	0.75		0.33	0.78	0.29	0.86	0.58	0.31	0.18	0.31	0.98	0.08	0.43
Non Current Liabilities Total	0.71	0.11	0.77	0.67	0.65	0.71	-0.55	0.55	0.46	0.71	0.75	0.62	0.6	0.64	0.33		0.28	0.39	0.11	0.85	0.63	0.26	0.76	0.31	0.37	0.67
Inventory	0.39	0.21	0.4	0.36	0.38	0.46	-0.42	0.14	0.62	0.41	0.45	-0.03	0.32	0.72	0.78	0.28		-0.09	0.46	0.37	0.31	-0.24	0.45	0.71	0.12	0.46
Other Current Assets	0.59	-0.09	0.44	0.56	0.58	0.34	-0.47	0.47	0.06	0.41	0.41	0.55	0.59	0.36	0.29	0.39	-0.09		0.26	0.54	0.7	0.44	0.22	0.28	0.71	0.54
Other Stockholder Equity	0.05	0.35	0.25	0.44	0.02	-0.02	0.09	-0.39	0.76	-0.09	0.03	0.17	-0.06	0.46	0.86	0.11	0.46	0.26		0.33	0.07	0.18	-0.02	0.93	-0.09	0.1
Total Liab	0.63	0.12	0.82	0.95	0.56	0.61	-0.49	0.38	0.6	0.56	0.67	0.77	0.47	0.81	0.58	0.85	0.37	0.54	0.33		0.55	0.49	0.68	0.52	0.26	0.76
Total Current Assets	0.97	-0.14	0.74	0.5	0.98	0.84	-0.93	0.88	0.13	0.92	0.87	0.33	0.98	0.58	0.31	0.63	0.31	0.7	0.07	0.55		0.05	0.73	0.29	0.92	0.75
Short Term Debt	0.12	0.08	0.22	0.6	0.07	0.16	0.04	-0.01	0.05	0.0	0.19	0.9	-0.06	0.06	0.18	0.26	-0.24	0.44	0.18	0.49	0.05		0.14	0.18	-0.13	0.06
Intangible Assets	0.86	-0.08	0.91	0.64	0.83	0.95	-0.84	0.75	0.35	0.91	0.96	0.42	0.75	0.69	0.31	0.76	0.45	0.22	-0.02	0.68	0.73	0.14		0.27	0.46	0.7
Common Stock	0.32	0.34	0.46	0.6	0.28	0.28	-0.2	-0.12	0.81	0.2	0.33	0.27	0.19	0.68	0.98	0.31	0.71	0.28	0.93	0.52	0.29	0.18	0.27		0.06	0.34
Short Term Investments	0.82	-0.25	0.47	0.21	0.85	0.61	-0.82	0.84	-0.15	0.76	0.63	0.08	0.92	0.32	0.08	0.37	0.12	0.71	-0.09	0.26	0.92	-0.13	0.46	0.06		0.6
Current Deferred Revenue	0.76	-0.08	0.75	0.69	0.74	0.67	-0.75	0.65	0.4	0.74	0.72	0.38	0.72	0.8	0.43	0.67	0.46	0.54	0.1	0.76	0.75	0.06	0.7	0.34	0.6

Click cells to compare fundamentals

Azenta Account Relationship Matchups

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 against Azenta Stock

0.79	ACB	Aurora Cannabis Sell-off Trend	Pair Corr
0.72	ELYM	Eliem Therapeutics Upward Rally	Pair Corr
0.72	CGC	Canopy Growth Corp Financial Report 27th of June 2024	Pair Corr
0.56	HCWB	HCW Biologics	Pair Corr
0.51	KRYS	Krystal Biotech Financial Report 13th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Azenta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Azenta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Azenta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Azenta Inc Stock:

How To Invest In Azenta

Details

Is Azenta Stock a good investment?

Details

What is Azenta's Net Worth?

Details

Largest Life Sciences Tools & Services Companies

View

Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

View

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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Azenta Stock analysis

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.

	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges
	Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
	Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Azenta Other Current Assets vs Net Invested Capital Analysis

Other Current Assets vs Net Invested Capital

Other Current Assets vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Other Current Assets

Net Invested Capital

Azenta fundamental ratios Correlations

Azenta Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Azenta fundamental ratios Accounts

Pair Trading with Azenta

Moving against Azenta Stock

Complementary Tools for Azenta Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Total Stockholder Equity
Total Current Assets	+ 0.98	Cash And Short Term Investments
Common Stock	+ 0.98	Common Stock Shares Outstanding

Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Net Debt	- 0.96	Total Stockholder Equity
Net Debt	- 0.95	Total Assets
Total Current Assets	- 0.93	Net Debt
Retained Earnings	- 0.93	Net Debt