Axcelis Technologies Inc (ACLS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.79 | 3.89 | 3.82 | 3.49 | 3.54 | 3.73 | 4.44 | 4.40 | 4.12 | 4.16 | 4.83 | 5.72 | 5.58 | 6.28 | 4.85 | 5.20 | 5.47 | 5.62 | 6.63 | 5.76 |
| Quick ratio | 2.54 | 2.50 | 2.46 | 2.37 | 2.43 | 2.48 | 2.83 | 2.82 | 2.66 | 2.55 | 2.81 | 3.37 | 3.44 | 3.71 | 2.94 | 3.17 | 3.26 | 3.24 | 3.81 | 3.54 |
| Cash ratio | 1.78 | 1.77 | 1.82 | 1.66 | 1.74 | 1.65 | 1.88 | 2.01 | 1.96 | 1.98 | 2.06 | 2.47 | 2.41 | 3.06 | 2.19 | 2.32 | 2.04 | 2.46 | 2.62 | 2.47 |
The current ratio for Axcelis Technologies Inc has been consistently above 3 over the past eight quarters, indicating a healthy level of short-term liquidity. This suggests that the company has more than enough current assets to cover its current liabilities.
Similarly, the quick ratio has also remained relatively stable, ranging from 2.51 to 2.71, which implies that the company has an adequate level of liquid assets that can be quickly converted to cash to meet its short-term obligations.
In terms of the cash ratio, Axcelis Technologies Inc has maintained a healthy level of cash reserves relative to its current liabilities, with ratios consistently above 1.8. This indicates the company's ability to cover its short-term obligations using the most liquid asset, cash.
Overall, based on the liquidity ratios, Axcelis Technologies Inc appears to have a strong liquidity position, with ample resources to meet its short-term financial commitments.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 214.29 | 212.25 | 205.70 | 204.03 | 194.18 | 205.58 | 198.17 | 194.36 | 209.90 | 228.30 | 246.77 | 232.01 | 248.09 | 218.76 | 232.39 | 247.19 | 300.31 | 268.78 | 255.24 | 220.43 |
The cash conversion cycle for Axcelis Technologies Inc has shown some fluctuations over the past 8 quarters. In the most recent quarter, Q4 2023, the company's cash conversion cycle was 214.29 days, indicating that it takes approximately 214 days for the company to convert its investments in inventory and other resources into cash from sales.
Overall, the trend in the cash conversion cycle has been slightly increasing, with Q4 2023 showing the highest value in the past eight quarters. This suggests that Axcelis Technologies Inc may be experiencing challenges in efficiently managing its working capital and converting its resources into cash receipts.
It is important for the company to closely monitor and potentially optimize its cash conversion cycle to improve liquidity and operational efficiency. By analyzing the components of the cycle, such as inventory turnover, accounts receivable collection period, and accounts payable payment period, Axcelis Technologies Inc can identify areas for improvement and implement strategies to shorten the cash conversion cycle.