What is Azenta's inventory turnover?

Azenta (AZTA) reported inventory turnover of 2.9× in Q1 2024.

How has Azenta's inventory turnover changed year-over-year?

Azenta's inventory turnover decreased by 7.2% year-over-year, from 3.1× to 2.9×.

What is the long-term trend for Azenta's inventory turnover?

Over 2 years (2021 to 2023), Azenta's inventory turnover has grown at a -17.6% compound annual growth rate (CAGR), from 5.5× to 3.8×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Azenta AZTA Inventory turnover

Inventory turnover at other companies

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4×+0.3×

Labcorp HoldingsLH

20.4×+0.7×

IlluminaILMN

4.5×+2.3×

CryoPort, Inc.CYRX

4.3×+0.7×

Twist Bioscience CorporationTWST

7.2×0.0×

BioLife SolutionsBLFS

0.7×+0.1×

Other financials

Income statement

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Revenue$144.8M+1.0%

Gross profit$62.0M-1.2%

Operating income-$165.8M-811%

Net income-$160.8M-237%

EPS (diluted)-$3.49-236%

Balance sheet

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Cash & equivalents$125.2M—

Total debt$55.7M—

Total equity$1.6B-8.3%

Total assets$1.9B—

Cash flow

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Operating cash flow$13.5M-6.2%

CapEx$7.4M-0.1%

Free cash flow$6.1M-12.7%

Valuation

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Market cap$1.14B-16.3%

Enterprise value$1.07B—

P/S1.9×-0.2×

Profitability

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Gross margin40%-1.0pp

Operating margin-31.6%-59.7pp

Net margin-29.1%-80.7pp

FCF margin8.6%—

Returns & leverage

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Return on equity-10.7%-22.4pp

Debt / equity0×—

Current ratio2.8×—

Where this comes from

Calculated from Azenta’s reported figures.

total cost of revenue/inventories=2.9×

Based on trailing twelve months.

The official record: Azenta’s 10-Q, filed May 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Azenta's inventory turnover?: Azenta (AZTA) reported inventory turnover of 2.9× in Q1 2024.
How has Azenta's inventory turnover changed year-over-year?: Azenta's inventory turnover decreased by 7.2% year-over-year, from 3.1× to 2.9×.
What is the long-term trend for Azenta's inventory turnover?: Over 2 years (2021 to 2023), Azenta's inventory turnover has grown at a -17.6% compound annual growth rate (CAGR), from 5.5× to 3.8×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.