Axcelis Technologies Inc (ACLS)
Receivables 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 |
| Receivables | US$ in thousands | 217,964 | 192,327 | 159,199 | 189,597 | 169,773 | 173,893 | 146,120 | 118,987 | 104,410 | 78,257 | 79,544 | 75,932 | 86,865 | 45,161 | 64,909 | 64,238 | 83,753 | 49,046 | 62,279 | 70,947 |
| Receivables turnover | 5.19 | 5.65 | 6.43 | 5.12 | 5.42 | 4.94 | 5.52 | 6.16 | 6.34 | 7.40 | 6.44 | 6.43 | 5.46 | 10.19 | 6.46 | 5.77 | 4.09 | 6.95 | 5.89 | 5.81 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,130,604K ÷ $217,964K
= 5.19
Axcelis Technologies Inc's receivables turnover has shown fluctuations over the past eight quarters, ranging from 4.94 to 6.43. The receivables turnover ratio measures how efficiently the company is able to collect on its credit sales within a specific period. A higher turnover ratio indicates that the company is collecting its accounts receivables more quickly.
In the latest quarter (Q4 2023), the receivables turnover was 5.19, which indicates that on average, the company collected its accounts receivables approximately 5.19 times during the quarter. Comparing this to the previous quarters, the turnover ratio has decreased from Q2 2023 to Q4 2023. This could suggest that Axcelis Technologies Inc may be taking longer to collect on its credit sales, which could potentially impact the company's cash flow and liquidity.
It's important for the company to monitor its receivables turnover ratio consistently to ensure that it remains at a healthy level. A declining trend in receivables turnover could signal potential issues with credit policies, collection processes, or the financial health of customers. Further analysis of the company's accounts receivables aging and collection practices may be necessary to address any underlying issues impacting the turnover ratio.
Peer comparison
Dec 31, 2023