Axcelis Technologies Inc (ACLS)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 278,599 | 256,989 | 228,323 | 211,903 | 204,884 | 184,354 | 173,556 | 148,108 | 120,405 | 89,598 | 68,972 | 61,768 | 55,850 | 88,652 | 75,443 | 61,255 | 55,527 | 53,617 | 62,587 | 78,870 |
| Revenue (ttm) | US$ in thousands | 1,130,604 | 1,086,367 | 1,023,216 | 970,423 | 919,998 | 859,631 | 807,150 | 733,247 | 662,428 | 578,943 | 512,654 | 488,345 | 474,560 | 460,084 | 419,132 | 370,472 | 342,958 | 340,918 | 366,839 | 411,867 |
| Pretax margin | 24.64% | 23.66% | 22.31% | 21.84% | 22.27% | 21.45% | 21.50% | 20.20% | 18.18% | 15.48% | 13.45% | 12.65% | 11.77% | 19.27% | 18.00% | 16.53% | 16.19% | 15.73% | 17.06% | 19.15% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $278,599K ÷ $1,130,604K
= 24.64%
To analyze Axcelis Technologies Inc's pretax margin over the past eight quarters, we observe a generally positive trend. The pretax margin has shown consistent improvement, with incremental growth quarter over quarter. In the most recent quarter of Q4 2023, the pretax margin reached 24.64%, reflecting the company's ability to effectively manage expenses in relation to its pre-tax earnings. This is an increase from the previous quarter's pretax margin of 23.66% in Q3 2023.
Comparing the Q4 2023 pretax margin to the same quarter in the prior year, Q4 2022, we see a slight improvement from 22.27% to 24.64%. This indicates an upward trajectory in profitability before accounting for taxes. Overall, Axcelis Technologies Inc's pretax performance demonstrates a positive trend of improving efficiency in generating profits before tax expenses over the past eight quarters.
Peer comparison
Dec 31, 2023