Axon Enterprise Inc. (AXON)

Total asset 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
Revenue (ttm) US$ in thousands 1,569,959 1,468,095 1,366,248 1,277,256 1,187,386 1,070,477 990,712 923,894 862,707 871,660 806,113 728,577 680,248 626,197 590,674 561,872 530,795 473,735 447,652 434,421
Total assets US$ in thousands 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 1,232,910 877,451 845,639 792,304 746,370 739,195
Total asset turnover 0.46 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 0.63 0.60 0.60 0.59

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,569,959K ÷ $3,436,840K
= 0.46

Total asset turnover is a key financial ratio that indicates how efficiently a company generates revenue from its assets. A higher total asset turnover ratio implies that the company is using its assets more effectively to generate sales.

Based on the data provided for Axon Enterprise Inc, we observe fluctuations in the total asset turnover ratio over the quarters. The trend shows a slight decline from Q1 2022 to Q3 2022, followed by a significant drop in Q4 2022. However, from Q1 2023 to Q4 2023, there appears to be a gradual increase in the total asset turnover ratio.

The average total asset turnover for the eight quarters is approximately 0.47, indicating that, on average, Axon Enterprise Inc generates $0.47 in revenue for every dollar of assets it holds.

It is essential to monitor the total asset turnover ratio over time to assess changes in the company's efficiency in utilizing its assets to generate sales. Further analysis and comparison with industry benchmarks can provide insights into Axon Enterprise Inc's operational performance and competitiveness.


Peer comparison

Dec 31, 2023


See also:

Axon Enterprise Inc. Total Asset Turnover (Quarterly Data)