What is AXT's asset turnover?

AXT (AXTI) reported asset turnover of 0.2× in Q1 2026.

How has AXT's asset turnover changed year-over-year?

AXT's asset turnover decreased by 12.4% year-over-year, from 0.3× to 0.2×.

What is the long-term trend for AXT's asset turnover?

Over 5 years (2020 to 2025), AXT's asset turnover has grown at a -9.0% compound annual growth rate (CAGR), from 0.4× to 0.2×.

What does asset turnover mean?

Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.

AXT AXTI Asset turnover

Asset turnover at other companies

Veeco InstrumentsVECO

0.5×-0.1×

EntegrisENTG

0.4×0.0×

Applied MaterialsAMAT

0.8×-0.1×

KLA CorporationKLAC

0.8×+0.1×

Element SolutionsESI

0.5×0.0×

Axcelis TechnologiesACLS

0.6×-0.1×

Other financials

Income statement

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Revenue$26.9M+39.1%

Gross profit-$1.2M-120%

Operating income-$10.3M-207%

Net income-$1.5M+83.1%

EPS (diluted)-$0.20-300%

Balance sheet

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Cash & equivalents$41.8M+32.2%

Total debt$65.7M+23.6%

Total equity$274.9M+48.6%

Total assets$444.6M+33.3%

Cash flow

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Operating cash flow-$11.7M-249%

CapEx$1.4M+169%

Free cash flow-$13.1M-239%

Valuation

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Market cap$5.53B+4,825%

Enterprise value$5.56B+3,616%

P/S57.7×+56.5×

Profitability

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Gross margin17.2%-0.9pp

Operating margin-22.6%-2.5pp

Net margin-15.3%-2.5pp

FCF margin-30.5%—

Returns & leverage

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Return on equity-6.4%-1.6pp

Debt / equity0.2×0.0×

Current ratio2.6×+0.6×

Where this comes from

Calculated from AXT’s reported figures.

total revenue/total assets=0.2×

Based on trailing twelve months.

The official record: AXT’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AXT's asset turnover?: AXT (AXTI) reported asset turnover of 0.2× in Q1 2026.
How has AXT's asset turnover changed year-over-year?: AXT's asset turnover decreased by 12.4% year-over-year, from 0.3× to 0.2×.
What is the long-term trend for AXT's asset turnover?: Over 5 years (2020 to 2025), AXT's asset turnover has grown at a -9.0% compound annual growth rate (CAGR), from 0.4× to 0.2×.
What does asset turnover mean?: Trailing-twelve-month revenue divided by average total assets. Measures how many dollars of sales each dollar of assets generates — the efficiency leg of the DuPont decomposition of ROE.