Axon Enterprise Inc. (AXON)
Total 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 |
| Total assets | US$ in thousands | 4,474,590 | 4,005,660 | 3,742,370 | 3,616,200 | 3,436,840 | 3,254,180 | 3,077,400 | 3,007,950 | 2,851,890 | 2,010,430 | 1,932,020 | 1,772,450 | 1,688,210 | 1,645,390 | 1,526,890 | 1,404,860 | 1,381,020 | 1,279,150 | 1,232,910 | 877,451 |
| Total asset turnover | 0.47 | 0.48 | 0.48 | 0.46 | 0.45 | 0.45 | 0.44 | 0.42 | 0.42 | 0.53 | 0.51 | 0.52 | 0.51 | 0.53 | 0.53 | 0.52 | 0.49 | 0.49 | 0.48 | 0.64 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,084,254K ÷ $4,474,590K
= 0.47
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. In the case of Axon Enterprise Inc., the total asset turnover has fluctuated over the analyzed period from March 31, 2020, to December 31, 2024.
Initially, the total asset turnover stood at 0.64 on March 31, 2020, indicating that for every dollar of assets, the company generated $0.64 of revenue. However, this ratio decreased to 0.42 by December 31, 2022, implying a decline in asset utilization efficiency.
From March 31, 2023, to December 31, 2024, the total asset turnover gradually improved from 0.42 to 0.47. Although the ratio still remained below the 0.64 figure observed in March 2020, the upward trend signals a potential enhancement in asset utilization efficiency during this period.
It would be advisable for stakeholders to continue monitoring Axon Enterprise Inc.'s total asset turnover to assess the company's ability to generate revenue in relation to its asset base and to evaluate the overall operational efficiency of the business.
Peer comparison
Dec 31, 2024