Azenta (AZTA) Change in Working Capital (2021 - 2023)
Azenta (AZTA) recorded quarterly Change in Working Capital of -$9.6 million in Q3 2023, down 175.38% quarter-over-quarter from $12.8 million in Q2 2023, and up 53.93% on a YoY basis from -$6.3 million in Q3 2022.
Azenta (AZTA) Change in Working Capital (2021 - 2023) Analysis & Trends
Azenta's Change in Working Capital history runs 3 years deep, the most recent figure standing at -$9.6 million for Q3 2023.
- In Q3 2023, Change in Working Capital rose 53.93% year-over-year to -$9.6 million; the TTM figure through Sep 2023 stood at $26.9 million (up 3051.15% YoY), while the FY2023 annual figure was $26.9 million, up 3051.15% from the prior year.
- Change in Working Capital was -$9.6 million for Q3 2023 at Azenta, down from $12.8 million in the prior quarter.
- In the past five years, Change in Working Capital ranged from a high of $23.4 million in Q1 2022 to a low of -$20.9 million in Q3 2022.
- Historically, Change in Working Capital has averaged $3.3 million across 3 years, with a median of $8.3 million in 2021.
- The sharpest annual moves came in 2022 and 2023: Change in Working Capital slumped 44.0% in 2022, then jumped 190.88% in 2023.
- A 3-year view of Change in Working Capital shows it stood at $10.7 million in 2021, then tumbled by 44.0% to $6.0 million in 2022, then slumped by 260.97% to -$9.6 million in 2023.
- The last three Change in Working Capital figures came in at -$9.6 million (Q3 2023), $12.8 million (Q2 2023), and $17.8 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Working Capital (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | - |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | - |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | - |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | - |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | - |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | - |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | - |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | - |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | - |
| 10 | Azenta | 1.06 Bn | 682.62 Mn | 62.04 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | -9.63 Mn |
| Sep 30, 2023 | -9.63 Mn |
| Jun 30, 2023 | 12.78 Mn |
| Jun 30, 2023 | 12.78 Mn |
| Mar 31, 2023 | 17.81 Mn |
| Mar 31, 2023 | 17.81 Mn |
| Dec 31, 2022 | 5.99 Mn |
| Dec 31, 2022 | 5.99 Mn |
| Sep 30, 2022 | -20.91 Mn |
| Sep 30, 2022 | -20.91 Mn |
| Jun 30, 2022 | -14.06 Mn |
| Jun 30, 2022 | -14.06 Mn |
| Mar 31, 2022 | 23.37 Mn |
| Mar 31, 2022 | 23.37 Mn |
| Dec 31, 2021 | 10.69 Mn |
| Dec 31, 2021 | 10.69 Mn |