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


See also:

Axon Enterprise Inc. Payables Turnover (Quarterly Data)