Axcelis Technologies Inc (ACLS)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,130,604 | 1,086,367 | 1,023,216 | 970,423 | 919,998 | 859,631 | 807,150 | 733,247 | 662,428 | 578,943 | 512,654 | 488,345 | 474,560 | 460,084 | 419,132 | 370,472 | 342,958 | 340,918 | 366,839 | 411,867 |
| Property, plant and equipment | US$ in thousands | 53,971 | 47,169 | 43,156 | 40,970 | 39,664 | 38,778 | 35,572 | 35,500 | 34,972 | 32,921 | 30,683 | 30,459 | 29,840 | 29,199 | 27,997 | 26,363 | 25,328 | 25,130 | 24,326 | 19,638 |
| Fixed asset turnover | 20.95 | 23.03 | 23.71 | 23.69 | 23.19 | 22.17 | 22.69 | 20.65 | 18.94 | 17.59 | 16.71 | 16.03 | 15.90 | 15.76 | 14.97 | 14.05 | 13.54 | 13.57 | 15.08 | 20.97 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,130,604K ÷ $53,971K
= 20.95
The fixed asset turnover ratio for Axcelis Technologies Inc has shown a consistent upward trend over the past eight quarters, indicating the company's ability to generate revenue relative to its investment in fixed assets. The ratio has ranged from 20.65 to 23.71 during this period, with the highest value recorded in Q2 2023.
This upward trend suggests that the company has been effectively utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally preferred as it indicates that a company is efficient in generating sales revenue from its investment in property, plant, and equipment.
Overall, the trend in Axcelis Technologies Inc's fixed asset turnover ratio is positive and demonstrates the company's ability to efficiently utilize its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2023