Axcelis Technologies Inc (ACLS)
Working capital 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 current assets | US$ in thousands | 1,079,990 | 1,015,040 | 950,169 | 934,442 | 877,645 | 775,142 | 679,728 | 648,706 | 619,246 | 570,144 | 514,131 | 479,592 | 470,791 | 435,768 | 420,699 | 391,672 | 375,679 | 353,915 | 345,357 | 380,412 |
| Total current liabilities | US$ in thousands | 285,129 | 261,178 | 248,460 | 267,942 | 248,132 | 207,856 | 152,970 | 147,497 | 150,140 | 137,195 | 106,474 | 83,878 | 84,431 | 69,383 | 86,759 | 75,373 | 68,664 | 63,027 | 52,084 | 66,058 |
| Working capital turnover | 1.42 | 1.44 | 1.46 | 1.46 | 1.46 | 1.52 | 1.53 | 1.46 | 1.41 | 1.34 | 1.26 | 1.23 | 1.23 | 1.26 | 1.26 | 1.17 | 1.12 | 1.17 | 1.25 | 1.31 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,130,604K ÷ ($1,079,990K – $285,129K)
= 1.42
Based on the working capital turnover ratios provided for Axcelis Technologies Inc, we can see that the company's efficiency in managing its working capital has been relatively consistent over the past eight quarters. The working capital turnover ratio measures how effectively a company is utilizing its working capital to generate sales revenue.
The working capital turnover ratios range from 1.42 to 1.53, with slight fluctuations quarter over quarter. A higher ratio indicates that the company is generating more revenue per unit of working capital employed. Axcelis Technologies Inc's working capital turnover has ranged between 1.42 and 1.53, indicating that, on average, the company generates around $1.46 to $1.52 of revenue for every dollar of working capital invested.
While the ratios have shown minor variations, the overall trend suggests that Axcelis Technologies Inc has been efficient in managing its working capital to support its sales activities. It is essential for the company to continue monitoring and optimizing its working capital turnover to ensure efficient use of resources and sustainable growth in the future.
Peer comparison
Dec 31, 2023