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)