Axcelis Technologies Inc (ACLS)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 1,281,970 | 1,013,640 | 753,240 | 624,624 | 548,094 |
| Operating ROA | 20.73% | 20.95% | 16.90% | 9.29% | 4.42% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $265,795K ÷ $1,281,970K
= 20.73%
Operating return on assets (Operating ROA) is a key financial metric that measures a company's efficiency in generating profits from its operational assets.
For Axcelis Technologies Inc, the Operating ROA has shown a positive trend over the past five years. Specifically, the Operating ROA has increased from 4.42% in 2019 to 20.73% in 2023, indicating a significant improvement in the company's ability to generate operating profits relative to its asset base.
This upward trend in Operating ROA reflects enhanced operational efficiency and profitability for Axcelis Technologies Inc. It suggests that the company has been more effective in utilizing its operational assets to generate operating income, which is a positive signal for investors and stakeholders.
The consistent improvement in Operating ROA over the years signifies that Axcelis Technologies Inc has been successful in optimizing its operations and increasing profitability, which can lead to enhanced shareholder value and overall financial performance.
Overall, the upward trajectory of Operating ROA for Axcelis Technologies Inc indicates a positive operational performance and efficiency in utilizing its assets to generate profits, which is a favorable indicator of the company's financial health and management effectiveness.
Peer comparison
Dec 31, 2023