Axcelis Technologies Inc (ACLS)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 563,211 | 639,303 | 518,208 | 375,983 | 275,976 |
| Inventory | US$ in thousands | 282,225 | 306,482 | 242,406 | 194,984 | 161,076 |
| Inventory turnover | 2.00 | 2.09 | 2.14 | 1.93 | 1.71 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $563,211K ÷ $282,225K
= 2.00
Axcelis Technologies Inc has shown an improvement in its inventory turnover over the past few years. The inventory turnover ratio was 1.71 in December 31, 2020, which increased to 1.93 in December 31, 2021. Subsequently, there was a further improvement to 2.14 in December 31, 2022, indicating that the company is managing its inventory more efficiently. However, there was a slight decrease in the inventory turnover to 2.09 in December 31, 2023, followed by a drop to 2.00 in December 31, 2024.
Overall, the trend suggests that Axcelis Technologies has been able to turn its inventory into sales at a faster rate in recent years, which is generally a positive indicator of operational efficiency. Further monitoring of the inventory turnover ratio will be helpful in assessing the company's inventory management strategies and their impact on its financial performance.
Peer comparison
Dec 31, 2024