Axcelis Technologies Inc (ACLS)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 265,796 | 242,834 | 224,356 | 214,793 | 212,359 | 202,854 | 186,046 | 155,898 | 127,325 | 94,816 | 72,304 | 64,688 | 58,041 | 57,178 | 45,183 | 30,812 | 24,205 | 22,515 | 31,296 | 48,553 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 30.73% | 30.32% | 30.15% | 30.61% | 31.83% | 32.99% | 31.70% | 27.88% | 23.62% | 18.53% | 14.63% | 13.26% | 12.05% | 12.41% | 10.15% | 7.21% | 5.77% | 5.52% | 7.72% | 11.64% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $265,796K ÷ ($—K + $864,882K)
= 30.73%
Axcelis Technologies Inc's return on total capital has been relatively stable over the past eight quarters, ranging from 25.71% to 30.66%. The trend shows a slight decline in recent quarters, with Q4 2022 recording the highest return at 30.66% and Q1 2022 being the lowest at 25.71%. Despite the fluctuations, the company has managed to maintain a strong overall performance in generating returns on its total capital. This indicates efficient use of capital resources to generate profits, which is a positive sign for investors and indicates effective management of the company's assets and liabilities.
Peer comparison
Dec 31, 2023