Axcelis Technologies Inc (ACLS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 265,796 | 242,834 | 224,356 | 214,793 | 212,359 | 202,854 | 186,046 | 155,898 | 127,325 | 94,816 | 72,304 | 64,688 | 58,041 | 57,178 | 45,183 | 30,812 | 24,205 | 22,515 | 31,296 | 48,553 |
| Total assets | US$ in thousands | 1,281,970 | 1,201,690 | 1,121,720 | 1,079,830 | 1,013,640 | 906,261 | 811,736 | 782,196 | 753,240 | 710,978 | 660,640 | 629,292 | 624,624 | 590,656 | 588,564 | 562,573 | 548,094 | 530,477 | 517,082 | 543,455 |
| Operating ROA | 20.73% | 20.21% | 20.00% | 19.89% | 20.95% | 22.38% | 22.92% | 19.93% | 16.90% | 13.34% | 10.94% | 10.28% | 9.29% | 9.68% | 7.68% | 5.48% | 4.42% | 4.24% | 6.05% | 8.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $265,796K ÷ $1,281,970K
= 20.73%
The operating return on assets (ROA) for Axcelis Technologies Inc has shown a consistent trend over the past eight quarters. On average, the operating ROA has been around 20.52% during this period, with a range from 19.89% to 22.92%.
The operating ROA peaked at 22.92% in Q2 2022 but has slightly decreased since then. Despite the slight decrease, the company has maintained a solid performance in generating operating income relative to its total assets.
Overall, the operating ROA indicates the efficiency and profitability of Axcelis Technologies Inc in utilizing its assets to generate operating income. The company's ability to maintain a relatively high operating ROA suggests effective management of assets and operations. However, it is important to monitor future trends to ensure continued profitability and efficiency in the utilization of resources.
Peer comparison
Dec 31, 2023