Axon Enterprise Inc. (AXON)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,082,530 | 1,563,390 | 1,189,940 | 863,381 | 681,003 |
| Total current assets | US$ in thousands | 2,297,480 | 2,396,650 | 1,805,280 | 1,109,490 | 981,952 |
| Total current liabilities | US$ in thousands | 997,586 | 799,969 | 602,646 | 418,521 | 256,331 |
| Working capital turnover | 1.60 | 0.98 | 0.99 | 1.25 | 0.94 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,082,530K ÷ ($2,297,480K – $997,586K)
= 1.60
The working capital turnover ratio for Axon Enterprise Inc. has shown some fluctuations over the past five years. In 2020, the ratio was 0.94, indicating that the company generated $0.94 in revenue for every dollar of working capital invested.
However, there was an improvement in 2021, with the ratio increasing to 1.25, suggesting that the company generated $1.25 in revenue for every dollar of working capital. This could indicate better efficiency in utilizing its working capital resources to generate sales.
In 2022, the ratio slightly decreased to 0.99, then remained relatively stable in both 2023 and 2024 at 0.98 and 1.60, respectively. While the ratio in 2023 and 2024 may indicate a slight dip in efficiency, the significant increase to 1.60 in 2024 could point towards a more effective management of working capital to drive higher revenue generation.
Overall, the trend in the working capital turnover ratio for Axon Enterprise Inc. seems to have shown variability but with an overall positive improvement in recent years, indicating potential enhancements in the company's operational efficiency and utilization of working capital.
Peer comparison
Dec 31, 2024