Axon Enterprise Inc. (AXON)

Inventory 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
Cost of revenue (ttm) US$ in thousands 1,109,683 1,053,703 992,615 936,864 872,172 814,861 781,058 832,931 840,378 826,665 783,393 651,040 575,158 550,293 506,740 472,929 441,333 377,685 360,281 345,043
Inventory US$ in thousands 269,855 260,119 249,767 220,268 202,471 173,046 154,297 122,150 108,688 93,279 91,739 89,657 89,958 97,610 81,010 46,922 38,845 40,666 40,999 37,587
Inventory turnover 4.11 4.05 3.97 4.25 4.31 4.71 5.06 6.82 7.73 8.86 8.54 7.26 6.39 5.64 6.26 10.08 11.36 9.29 8.79 9.18

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,109,683K ÷ $269,855K
= 4.11

Axon Enterprise Inc's inventory turnover has been relatively stable over the past eight quarters, ranging from 2.12 to 2.48. The highest inventory turnover was observed in Q2 2022 at 2.88, indicating that the company efficiently converted its inventory into sales during that period. However, there was a slight decline in inventory turnover in subsequent quarters.

Overall, the average inventory turnover for the given period is approximately 2.35, which suggests that, on average, Axon Enterprise Inc sells its entire inventory 2.35 times per year. A lower inventory turnover may indicate either excessive inventory levels or potential inefficiencies in managing and selling inventory. Conversely, a higher inventory turnover typically reflects effective inventory management and strong sales performance.

It is essential for Axon Enterprise Inc to monitor its inventory turnover closely to ensure that the company maintains optimal inventory levels to meet customer demand while avoiding excess holding costs. Analyzing inventory turnover trends can provide valuable insights into the company's operational efficiency and financial performance.


Peer comparison

Dec 31, 2023

Dec 31, 2023


See also:

Axon Enterprise Inc. Inventory Turnover (Quarterly Data)