Axon Enterprise Inc. (AXON)

Fixed asset turnover

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
Revenue (ttm) US$ in thousands 1,569,959 1,468,095 1,366,248 1,277,256 1,187,386 1,070,477 990,712 923,894 862,707 871,660 806,113 728,577 680,248 626,197 590,674 561,872 530,795 473,735 447,652 434,421
Property, plant and equipment US$ in thousands 200,533 186,957 179,096 172,674 169,843 164,160 157,916 149,505 138,457 128,808 119,933 112,119 105,494 102,718 45,386 43,065 43,770 42,592 40,500 41,347
Fixed asset turnover 7.83 7.85 7.63 7.40 6.99 6.52 6.27 6.18 6.23 6.77 6.72 6.50 6.45 6.10 13.01 13.05 12.13 11.12 11.05 10.51

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,569,959K ÷ $200,533K
= 7.83

The fixed asset turnover ratio of Axon Enterprise Inc has been consistently improving over the past eight quarters, indicating the company's ability to generate sales revenue relative to its fixed assets. The ratio has shown a positive trend, increasing from 6.19 in Q1 2022 to 7.80 in Q4 2023. This signifies that for every dollar invested in fixed assets, the company is generating a higher amount of sales. The upward trend in fixed asset turnover ratio suggests that Axon Enterprise Inc is becoming more efficient in utilizing its fixed assets to drive revenue generation. These improvements may be attributed to effective asset management strategies, operational efficiencies, and potentially higher sales volumes.


Peer comparison

Dec 31, 2023


See also:

Axon Enterprise Inc. Net Fixed Asset Turnover (Quarterly Data)