Axcelis Technologies Inc (ACLS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,017,860 | 1,130,600 | 919,998 | 662,428 | 474,560 |
| Property, plant and equipment | US$ in thousands | — | — | 69,752 | 63,452 | 29,840 |
| Fixed asset turnover | — | — | 13.19 | 10.44 | 15.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,017,860K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is generating sales revenue from its investment in fixed assets. For Axcelis Technologies Inc, the fixed asset turnover ratio has fluctuated over the years based on the provided data.
In December 31, 2020, the fixed asset turnover was reported at 15.90, indicating that the company generated $15.90 in sales for every dollar invested in fixed assets during that period. This high ratio suggests that Axcelis was effectively utilizing its fixed assets to generate revenue.
However, by December 31, 2021, the fixed asset turnover ratio decreased to 10.44, signaling a decrease in efficiency in converting fixed assets into sales revenue. This may indicate either a decline in sales or an increase in the value of fixed assets relative to sales.
In December 31, 2022, the fixed asset turnover improved to 13.19, showing a rebound in efficiency compared to the previous year. This suggests that Axcelis was able to better utilize its fixed assets to generate sales revenue during that period.
Unfortunately, the data for December 31, 2023, and December 31, 2024 is missing (indicated as "—"), making it difficult to provide a complete analysis for those years.
Overall, the trend in Axcelis Technologies Inc's fixed asset turnover ratio indicates fluctuations in the efficiency of the company's utilization of fixed assets to generate sales revenue. It is important for investors and analysts to monitor this ratio over time to assess the company's operational performance and efficiency in managing its fixed asset base.
Peer comparison
Dec 31, 2024