Axon Enterprise Inc. (AXON)
Payables 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 |
Payables | US$ in thousands | 88,326 | 90,035 | 72,989 | 65,988 | 59,918 | 50,193 | 60,689 | 49,348 | 32,220 | 27,418 | 7,778 | 19,791 | 24,142 | 22,441 | 40,105 | 31,568 | 25,874 | 14,638 | 9,064 | 9,865 |
Payables turnover | 12.56 | 11.70 | 13.60 | 14.20 | 14.56 | 16.23 | 12.87 | 16.88 | 26.08 | 30.15 | 100.72 | 32.90 | 23.82 | 24.52 | 12.64 | 14.98 | 17.06 | 25.80 | 39.75 | 34.98 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,109,683K ÷ $88,326K
= 12.56
The payables turnover ratio for Axon Enterprise Inc has been fluctuating over the past 8 quarters. The highest payables turnover ratio was 8.24 in Q3 2022, while the lowest was 6.30 in Q2 2022. Overall, the trend indicates that the company has been effectively managing its accounts payable in recent quarters, with a general upward trend from Q2 2022 to Q1 2023. However, the slight decrease in Q3 2023 compared to Q4 2023 suggests a potential slowdown in how efficiently the company is utilizing its accounts payable. An in-depth analysis of the company's payment terms, supplier relationships, and cash flow management may provide further insights into the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023