Axcelis Technologies Inc (ACLS)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 200,992 | 246,263 | 183,079 | 98,650 | 49,982 |
| Total assets | US$ in thousands | 1,348,780 | 1,281,970 | 1,013,640 | 753,240 | 624,624 |
| ROA | 14.90% | 19.21% | 18.06% | 13.10% | 8.00% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $200,992K ÷ $1,348,780K
= 14.90%
Axcelis Technologies Inc has shown a positive trend in its return on assets (ROA) over the years, indicating improved efficiency in generating profits relative to its assets. The ROA increased from 8.00% in December 31, 2020, to 14.90% in December 31, 2024. This signifies that the company is utilizing its assets more effectively to generate earnings. The peak ROA of 19.21% in December 31, 2023, demonstrates a strong performance in maximizing profitability from its asset base. Overall, the increasing trend in ROA reflects the company's ability to generate earnings relative to the total assets deployed, which bodes well for its financial health and operational efficiency.
Peer comparison
Dec 31, 2024