Axcelis Technologies Inc (ACLS)
Total 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 |
| Total assets | US$ in thousands | 1,281,970 | 1,201,690 | 1,121,720 | 1,079,830 | 1,013,640 | 906,261 | 811,736 | 782,196 | 753,240 | 710,978 | 660,640 | 629,292 | 624,624 | 590,656 | 588,564 | 562,573 | 548,094 | 530,477 | 517,082 | 543,455 |
| Total asset turnover | 0.88 | 0.90 | 0.91 | 0.90 | 0.91 | 0.95 | 0.99 | 0.94 | 0.88 | 0.81 | 0.78 | 0.78 | 0.76 | 0.78 | 0.71 | 0.66 | 0.63 | 0.64 | 0.71 | 0.76 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,130,604K ÷ $1,281,970K
= 0.88
Axcelis Technologies Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.88 to 0.99. The trend indicates that the company generates approximately $0.88 to $0.99 in revenue for every dollar of total assets it holds. A total asset turnover below 1 suggests that the company may not be efficiently utilizing its assets to generate revenue. However, the consistent levels of around 0.90 to 0.99 indicate a relatively stable operational performance in terms of asset utilization. It is essential for the company to continue monitoring and improving its asset turnover to enhance operational efficiency and profitability in the long run.
Peer comparison
Dec 31, 2023