Axcelis Technologies Inc (ACLS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 491,301 | 401,790 | 286,445 | 198,584 | 144,152 |
| Revenue | US$ in thousands | 1,130,600 | 919,998 | 662,428 | 474,560 | 342,958 |
| Gross profit margin | 43.45% | 43.67% | 43.24% | 41.85% | 42.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $491,301K ÷ $1,130,600K
= 43.45%
The gross profit margin of Axcelis Technologies Inc has shown relatively stable performance over the past five years, with figures ranging from 41.85% in 2020 to 43.67% in 2022. The margin slightly decreased to 43.45% in 2023, indicating a small decline in the company's ability to generate profits from its core business activities after a peak in 2022. This indicates that the company is effectively managing its cost of goods sold in relation to its revenue, but continued monitoring is advisable to ensure sustained profitability. Overall, Axcelis Technologies Inc has maintained a reasonably healthy gross profit margin compared to its historical performance.
Peer comparison
Dec 31, 2023