Axon Enterprise Inc. (AXON)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,084,254 | 1,941,251 | 1,810,578 | 1,681,084 | 1,563,391 | 1,467,391 | 1,365,544 | 1,276,552 | 1,189,935 | 1,071,371 | 991,606 | 924,788 | 863,381 | 871,943 | 806,396 | 728,860 | 681,003 | 626,714 | 591,109 | 562,212 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 186,957 | 179,096 | 172,674 | 208,213 | 164,160 | 157,916 | 149,505 | 138,457 | 128,808 | 146,818 | 112,119 | 105,494 | 102,718 | 45,386 | 43,065 |
| Fixed asset turnover | — | — | — | — | — | 7.85 | 7.62 | 7.39 | 5.71 | 6.53 | 6.28 | 6.19 | 6.24 | 6.77 | 5.49 | 6.50 | 6.46 | 6.10 | 13.02 | 13.05 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,084,254K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales from its investments in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets efficiently to generate revenue.
Analyzing Axon Enterprise Inc.'s fixed asset turnover ratio over the past few quarters, we can see a general decreasing trend from a high of 13.05 in March 2020 to around 6.19 to 7.85 in the most recent quarters. This decline may suggest a decrease in the company's ability to generate sales from its fixed assets efficiently during this period.
However, the ratios from the recent quarters show some fluctuations, indicating potential changes in the company's asset utilization efficiency. It is important for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational performance and financial health.
The absence of fixed asset turnover ratios for the last few quarters (from December 31, 2023 onwards) may indicate missing or incomplete data for those periods, making it challenging to provide a complete analysis of the trend beyond that point. It is advisable for interested parties to access the complete and up-to-date financial information to make well-informed decisions regarding Axon Enterprise Inc.'s fixed asset turnover performance.
Peer comparison
Dec 31, 2024
See also:
Axon Enterprise Inc. Net Fixed Asset Turnover (Quarterly Data)