Axcelis Technologies Inc (ACLS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 265,795 | 212,361 | 127,325 | 58,041 | 24,205 |
| Revenue | US$ in thousands | 1,130,600 | 919,998 | 662,428 | 474,560 | 342,958 |
| Operating profit margin | 23.51% | 23.08% | 19.22% | 12.23% | 7.06% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $265,795K ÷ $1,130,600K
= 23.51%
The operating profit margin of Axcelis Technologies Inc has shown a consistent and strong improvement over the past five years. The margin has seen a steady increase from 7.06% in 2019 to 23.51% in 2023. This upward trend indicates that the company has been able to effectively manage its operating expenses in relation to its revenue generation. The significant growth in operating profit margin from 2020 to 2023 highlights the company's operational efficiency and ability to increase profitability. Overall, the improving operating profit margin reflects positively on Axcelis Technologies Inc's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023