Axcelis Technologies Inc (ACLS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,012,790 | 864,882 | 667,256 | 538,959 | 481,602 |
| ROE | 19.85% | 28.47% | 27.44% | 18.30% | 10.38% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $200,992K ÷ $1,012,790K
= 19.85%
The return on equity (ROE) of Axcelis Technologies Inc has shown a positive trend over the years, increasing from 10.38% as of December 31, 2020, to 19.85% as of December 31, 2024. This indicates that the company has been able to generate higher returns for its shareholders relative to the equity invested in the company.
The significant improvement in ROE from 2020 to 2024 suggests that Axcelis Technologies has been effectively utilizing its equity to generate profits and create value for its investors. The peak ROE of 28.47% as of December 31, 2023, indicates a period of strong performance and efficiency in utilizing shareholder equity to generate returns.
It is important for stakeholders to monitor the ROE to assess the company's profitability and efficiency in utilizing its equity capital. The fluctuations in ROE highlight the company's ability to manage its assets and liabilities effectively to maximize returns for its shareholders.
Peer comparison
Dec 31, 2024