Axcelis Technologies Inc (ACLS)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,130,600 | 919,998 | 662,428 | 474,560 | 342,958 |
| Property, plant and equipment | US$ in thousands | 53,971 | 39,664 | 34,972 | 29,840 | 25,328 |
| Fixed asset turnover | 20.95 | 23.19 | 18.94 | 15.90 | 13.54 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,130,600K ÷ $53,971K
= 20.95
Based on the data provided for Axcelis Technologies Inc's fixed asset turnover ratio over the past five years, we observe a general increasing trend from 13.54 in 2019 to 20.95 in 2023. This indicates that the company has been able to generate more revenue relative to its investment in fixed assets over the years.
A high fixed asset turnover ratio suggests that Axcelis Technologies Inc is efficiently utilizing its fixed assets to generate sales. The increasing trend in the ratio implies improvements in operational efficiency, as the company is able to generate more revenue per dollar invested in fixed assets.
The 2023 fixed asset turnover ratio of 20.95 is particularly noteworthy, indicating that for every dollar invested in fixed assets, the company generated $20.95 in sales revenue. This high ratio reflects strong operational performance and efficient asset utilization within the organization.
Overall, the increasing trend in Axcelis Technologies Inc's fixed asset turnover ratio highlights the company's ability to efficiently manage its fixed assets and generate revenue, which is a positive indicator of its operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2023