Axcelis Technologies Inc (ACLS)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 246,263 | 183,079 | 98,650 | 49,982 | 17,034 |
| Total stockholders’ equity | US$ in thousands | 864,882 | 667,256 | 538,959 | 481,602 | 419,427 |
| ROE | 28.47% | 27.44% | 18.30% | 10.38% | 4.06% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $246,263K ÷ $864,882K
= 28.47%
Axcelis Technologies Inc has exhibited a consistent improvement in its return on equity (ROE) over the years, growing from 4.06% in 2019 to 28.47% in 2023. This upward trend indicates that the company has been effectively utilizing its equity to generate profits for its shareholders. The ROE of 28.47% in 2023 is particularly noteworthy, as it signifies that for every dollar of equity invested by shareholders, the company generated a return of 28.47 cents. This indicates that Axcelis Technologies Inc has been successful in efficiently deploying its resources to generate profits, which is a positive sign of its overall financial health and operational performance.
Peer comparison
Dec 31, 2023