Axcelis Technologies Inc (ACLS)
Total 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 |
| Total assets | US$ in thousands | 1,348,780 | 1,338,120 | 1,288,400 | 1,306,620 | 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 |
| Total asset turnover | 0.75 | 0.80 | 0.86 | 0.86 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,017,865K ÷ $1,348,780K
= 0.75
Total asset turnover measures how effectively a company is utilizing its assets to generate revenue. It is calculated by dividing the company's total revenue by its average total assets. For Axcelis Technologies Inc, we observe fluctuations in the total asset turnover ratio over the period in question.
From March 31, 2020, to December 31, 2022, the total asset turnover ratio increased steadily from 0.66 to 0.91, indicating that the company was becoming more efficient in generating revenue relative to its total assets. This upward trend suggests improved asset utilization and operational efficiency.
However, there was a slight decline in total asset turnover from March 31, 2023, to December 31, 2024, falling from 0.90 to 0.75. This reversal in trend could indicate potential challenges in maintaining or improving efficiency in asset utilization during this period.
Overall, the fluctuation in Axcelis Technologies Inc's total asset turnover ratio may signal changes in the company's operational efficiency and asset management practices, which could be influenced by factors such as industry dynamics, market conditions, or internal strategic decisions. Further analysis and comparison with industry benchmarks would be beneficial to gain a more comprehensive understanding of the company's performance in this aspect.
Peer comparison
Dec 31, 2024