Axon Enterprise Inc. (AXON)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,082,530 | 1,563,390 | 1,189,940 | 863,381 | 681,003 |
| Property, plant and equipment | US$ in thousands | — | — | 208,213 | 138,457 | 105,494 |
| Fixed asset turnover | — | — | 5.72 | 6.24 | 6.46 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,082,530K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Axon Enterprise Inc., the fixed asset turnover has shown a general downward trend over the analyzed period.
In 2020, the company had a fixed asset turnover of 6.46, indicating that, on average, each dollar invested in fixed assets generated $6.46 in revenue. However, the ratio decreased to 6.24 in 2021 and further declined to 5.72 in 2022, suggesting a reduction in the efficiency of utilizing fixed assets to generate revenue.
The absence of data for 2023 and 2024 makes it challenging to provide a comprehensive trend analysis for those years. However, the decreasing trend observed until 2022 may indicate potential challenges in efficiently utilizing fixed assets to drive revenue growth for the company.
It is essential for Axon Enterprise Inc. to closely monitor and evaluate its fixed asset management strategies to improve efficiency and maximize returns on its investment in fixed assets. A declining fixed asset turnover ratio can indicate suboptimal utilization of assets, highlighting the need for operational improvements or strategic adjustments to enhance overall performance and profitability.
Peer comparison
Dec 31, 2024