Axcelis Technologies Inc (ACLS)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 246,263 | 232,199 | 206,551 | 189,161 | 183,078 | 161,835 | 149,065 | 123,782 | 98,648 | 77,573 | 60,845 | 55,212 | 49,953 | 79,595 | 69,514 | 56,797 | 51,638 | 50,889 | 59,023 | 73,136 |
| Total stockholders’ equity | US$ in thousands | 864,882 | 800,971 | 744,037 | 701,821 | 667,256 | 614,890 | 586,927 | 559,273 | 538,959 | 511,679 | 494,102 | 487,660 | 481,602 | 460,663 | 445,024 | 427,172 | 419,427 | 407,847 | 405,466 | 417,153 |
| ROE | 28.47% | 28.99% | 27.76% | 26.95% | 27.44% | 26.32% | 25.40% | 22.13% | 18.30% | 15.16% | 12.31% | 11.32% | 10.37% | 17.28% | 15.62% | 13.30% | 12.31% | 12.48% | 14.56% | 17.53% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $246,263K ÷ $864,882K
= 28.47%
Axcelis Technologies Inc's return on equity (ROE) has been showing a positive trend over the past eight quarters, with values ranging from 22.13% in Q1 2022 to 28.99% in Q3 2023. The company's ROE indicates that it is generating solid returns for its shareholders in relation to the equity invested in the business. The consistent increase in ROE over the periods suggests improved efficiency in utilizing shareholder equity to generate profits. This positive trend in ROE reflects well on the company's operational performance and management's ability to effectively allocate resources to drive profitability. Investors and stakeholders may view this trend favorably as it indicates the company's ability to generate value from its equity base.
Peer comparison
Dec 31, 2023