Axcelis Technologies Inc (ACLS)
Total 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 |
| Total assets | US$ in thousands | 1,348,780 | 1,281,970 | 1,013,640 | 753,240 | 624,624 |
| Total asset turnover | 0.75 | 0.88 | 0.91 | 0.88 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,017,860K ÷ $1,348,780K
= 0.75
Based on the data provided, Axcelis Technologies Inc's total asset turnover has shown some fluctuations over the years. The total asset turnover ratio indicates how efficiently a company is utilizing its assets to generate revenue.
In December 31, 2020, the total asset turnover was 0.76, meaning that for every dollar of assets the company owned, it generated $0.76 in revenue. Subsequently, in December 31, 2021, the ratio increased to 0.88, suggesting an improvement in asset utilization efficiency.
By December 31, 2022, the total asset turnover further increased to 0.91, indicating that the company was generating more revenue for each dollar of assets it owned. However, this efficiency declined slightly in December 31, 2023, where the ratio fell back to 0.88.
Finally, by December 31, 2024, the total asset turnover ratio decreased to 0.75, signaling a potential decrease in asset utilization efficiency compared to the previous years.
Overall, while there were some fluctuations in the total asset turnover ratio over the years, the company seemed to have improved its asset utilization efficiency initially, but then experienced a slight decline in recent years. Further analysis and comparison with industry benchmarks may be necessary to gain a better understanding of Axcelis Technologies Inc's performance in this aspect.
Peer comparison
Dec 31, 2024