Is Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Latest Stock Performance A Reflection Of Its Financial Health?
Is Axcelis Technologies, Inc.'s (NASDAQ:ACLS) Latest Stock Performance A Reflection Of Its Financial Health?
Axcelis Technologies (NASDAQ:ACLS) has had a great run on the share market with its stock up by a significant 25% over the last three months. Since the market usually pay for a company's long-term fundamentals, we decided to study the company's key performance indicators to see if they could be influencing the market. Particularly, we will be paying attention to Axcelis Technologies' ROE today.
Axcelis Technologies（納斯達克ACLS）股票在股市上交易表現良好，過去三個月上漲了顯著的25%，由於市場通常爲公司的長期基本面買單，所以我們決定研究該公司的關鍵業績指標，看看它們是否可能影響市場。特別是我們今天將關注Axcelis Technologies的roe。
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
roe指股東權益回報率，是一種有用的工具，用於評估公司如何有效地從股東獲得的投資中產生回報。簡單來說，這衡量了一家公司相對於股東權益的盈利能力。
How Is ROE Calculated?
淨資產收益率怎麼計算？
ROE can be calculated by using the formula:
淨資產收益率可以使用以下公式進行計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Axcelis Technologies is:
因此，根據上述公式，Axcelis Technologies的ROE爲：
28% = US$250m ÷ US$902m (Based on the trailing twelve months to March 2024).
28% = 2.5億美元 ÷ 9.02億美元（截至2024年3月的過去十二個月）。
The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.28.
“回報”是指公司在過去一年內的收益。因此，這意味着對於每1美元的股東投資，公司可以產生0.28美元的利潤。
Why Is ROE Important For Earnings Growth?
ROE對於盈利增長的重要性是什麼？
Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes.
到目前爲止，我們學到了ROE如何評估公司有效地產生利潤。根據公司再投資或“保留”的這些利潤的多少以及其如何有效地進行再投資，我們可以評估公司的盈利增長潛力。一般而言，在其他條件相同的情況下，ROE高、利潤保留高的公司，比沒有這些屬性的公司增長率更高。
Axcelis Technologies' Earnings Growth And 28% ROE
Axcelis Technologies的盈利增長和28%的roe
To begin with, Axcelis Technologies has a pretty high ROE which is interesting. Additionally, the company's ROE is higher compared to the industry average of 15% which is quite remarkable. So, the substantial 47% net income growth seen by Axcelis Technologies over the past five years isn't overly surprising.
首先，Axcelis Technologies擁有相當高的roe，這很有趣。此外，該公司的roe高於行業平均水平的15%，這相當顯著。因此，過去五年中Axcelis Technologies所看到的47%的淨收入增長不算過分的驚喜。
As a next step, we compared Axcelis Technologies' net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 31%.
接下來，我們將Axcelis Technologies的淨收入增長與行業進行比較，令人高興的是，我們發現該公司的增長率高於行業平均增長率31%。
Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Axcelis Technologies''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.
盈利增長是股票估值的一個巨大因素。投資者知道市場是否已經爲公司預期的盈利增長（或下降）定價是很重要的。這樣做，他們就會知道股票是否進入了清澈的藍色水域，還是走向了污濁的水域。如果您想知道Axcelis Technologies的估值，請查看其市盈率的表現，以及與行業的比較。
Is Axcelis Technologies Efficiently Re-investing Its Profits?
Axcelis Technologies是否有效地重新投資其利潤?
Axcelis Technologies doesn't pay any regular dividends to its shareholders, meaning that the company has been reinvesting all of its profits into the business. This is likely what's driving the high earnings growth number discussed above.
Axcelis Technologies不向股東支付任何定期股息，這意味着該公司一直在將其利潤重新投資於業務中。這可能就是上面所述高淨收入增長數字的推動力。
Conclusion
結論
Overall, we are quite pleased with Axcelis Technologies' performance. Specifically, we like that the company is reinvesting a huge chunk of its profits at a high rate of return. This of course has caused the company to see substantial growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
總的來說，我們對Axcelis Technologies的表現相當滿意。具體來說，我們喜歡公司以高回報率重新投資其巨額利潤的做法。當然，這導致公司的盈利實現了實質性增長。話雖如此，公司的盈利增長預計將放緩，這是根據當前分析師的預測而言。這些分析師的預期是基於對行業的總體預期還是基於公司的基本面呢？單擊此處訪問我們的分析師預測頁面，了解公司的詳細信息。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。