Axcelis Technologies Inc (ACLS)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,017,865 | 1,075,736 | 1,111,498 | 1,128,956 | 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 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 95,232 | 43,156 | 40,970 | 69,752 | 68,936 | 65,041 | 63,817 | 63,452 | 32,921 | 58,198 | 30,459 | 29,840 | 29,199 | 27,997 | 26,363 |
| Fixed asset turnover | — | — | — | — | — | 11.41 | 23.71 | 23.69 | 13.19 | 12.47 | 12.41 | 11.49 | 10.44 | 17.59 | 8.81 | 16.03 | 15.90 | 15.76 | 14.97 | 14.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,017,865K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company generates sales from its fixed assets. In the case of Axcelis Technologies Inc, the trend in the fixed asset turnover ratio fluctuated over the reported periods.
The ratio significantly increased from March 31, 2020, to March 31, 2023, peaking at 23.71 in June 30, 2023. This indicated that the company was able to generate a significant amount of sales relative to its investment in fixed assets during this period.
However, there was a notable drop in the fixed asset turnover ratio in the subsequent periods, with the ratio falling below 15 by December 31, 2023. This decline could suggest that the company's efficiency in utilizing its fixed assets to generate sales had decreased.
It is worth noting that there is missing data for the fixed asset turnover ratio from December 31, 2023, onwards, which limits our ability to provide a comprehensive analysis of the most recent periods.
Overall, the trend in Axcelis Technologies Inc's fixed asset turnover ratio shows periods of improvement in asset utilization efficiency followed by a decline in recent quarters. Further analysis would be needed to understand the factors influencing these fluctuations and to assess the company's overall asset management strategy.
Peer comparison
Dec 31, 2024