Axcelis Technologies Inc (ACLS)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 265,795 | 212,361 | 127,325 | 58,041 | 24,205 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 864,882 | 667,256 | 538,959 | 481,602 | 419,427 |
| Return on total capital | 30.73% | 31.83% | 23.62% | 12.05% | 5.77% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $265,795K ÷ ($—K + $864,882K)
= 30.73%
Axcelis Technologies Inc's return on total capital has shown a general upward trend over the past five years, with a notable increase from 5.17% in 2019 to 29.21% in 2023. This indicates an improvement in the company's ability to generate profits relative to the total capital invested. The consistent growth in return on total capital suggests that the company has been effectively utilizing its capital resources to generate increasing returns for its investors. This trend demonstrates positive financial performance and efficiency in capital allocation by Axcelis Technologies Inc.
Peer comparison
Dec 31, 2023