Axcelis Technologies Inc (ACLS)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 43.45% | 43.67% | 43.24% | 41.85% | 42.03% |
| Operating profit margin | 23.51% | 23.08% | 19.22% | 12.23% | 7.06% |
| Pretax margin | 24.64% | 22.27% | 18.18% | 11.78% | 6.10% |
| Net profit margin | 21.78% | 19.90% | 14.89% | 10.53% | 4.97% |
Axcelis Technologies Inc has shown consistent improvement in its profitability ratios over the past five years. The gross profit margin has remained relatively stable, indicating that the company has been effectively managing its cost of goods sold. The operating profit margin has exhibited significant growth, reflecting operational efficiencies and effective cost management.
Furthermore, the pretax margin and net profit margin have also demonstrated notable improvement, indicating the company's ability to generate higher profits relative to its revenue. Axcelis Technologies Inc's increasing profitability ratios suggest a positive trend in its overall financial performance and indicate a strengthening bottom line over the years.
Overall, the company's profitability ratios reflect favorable financial management and operational performance, positioning Axcelis Technologies Inc as a financially healthy and sustainable business.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 20.73% | 20.95% | 16.90% | 9.29% | 4.42% |
| Return on assets (ROA) | 19.21% | 18.06% | 13.10% | 8.00% | 3.11% |
| Return on total capital | 30.73% | 31.83% | 23.62% | 12.05% | 5.77% |
| Return on equity (ROE) | 28.47% | 27.44% | 18.30% | 10.38% | 4.06% |
Axcelis Technologies Inc has shown a consistent improvement in profitability over the past five years, as evidenced by its profitability ratios. The operating return on assets (Operating ROA) has steadily increased from 4.42% in 2019 to 20.73% in 2023, indicating that the company is generating more operating income relative to its assets.
Similarly, the Return on assets (ROA) has also shown a positive trend, increasing from 3.11% in 2019 to 19.21% in 2023. This metric reflects the company's ability to generate profit from its total assets.
The Return on total capital has also exhibited a noteworthy improvement, rising from 5.17% in 2019 to 29.21% in 2023. This ratio indicates the company's efficiency in generating returns from both equity and debt capital.
Furthermore, the Return on equity (ROE) has shown a significant increase over the years, climbing from 4.06% in 2019 to 28.47% in 2023. This demonstrates the company's ability to generate profit for its shareholders from the equity invested in the business.
Overall, Axcelis Technologies Inc's profitability ratios reflect a positive trajectory, highlighting its strong operational performance and ability to generate returns for its stakeholders.