Axon Enterprise Inc. (AXON)
Working capital 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 current assets | US$ in thousands | 2,297,480 | 2,433,750 | 2,205,740 | 2,201,710 | 2,396,650 | 2,257,840 | 2,112,650 | 2,052,700 | 1,805,280 | 1,205,700 | 1,169,790 | 1,146,120 | 1,109,490 | 1,123,820 | 1,080,930 | 986,229 | 981,952 | 875,853 | 885,724 | 618,741 |
| Total current liabilities | US$ in thousands | 997,586 | 823,227 | 766,113 | 757,474 | 799,969 | 717,827 | 625,239 | 616,127 | 602,646 | 431,523 | 432,971 | 470,679 | 418,521 | 379,890 | 272,871 | 239,775 | 256,331 | 258,555 | 242,830 | 195,015 |
| Working capital turnover | 1.60 | 1.21 | 1.26 | 1.16 | 0.98 | 0.95 | 0.92 | 0.89 | 0.99 | 1.38 | 1.35 | 1.37 | 1.25 | 1.17 | 1.00 | 0.98 | 0.94 | 1.02 | 0.92 | 1.33 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,084,254K ÷ ($2,297,480K – $997,586K)
= 1.60
The working capital turnover ratio of Axon Enterprise Inc. has shown fluctuations over the years. The ratio measures how efficiently the company is utilizing its working capital to generate sales revenue.
From March 31, 2020, to December 31, 2020, the ratio declined from 1.33 to 0.94, indicating a decrease in the efficiency of working capital management during this period. However, from March 31, 2021, to December 31, 2021, the ratio improved, reaching a value of 1.25 by the end of 2021, suggesting better utilization of working capital.
The ratio continued to fluctuate in the following years, showing variations between 0.89 and 1.60. Specifically, the ratio increased from March 31, 2022, to December 31, 2022, reflecting improved efficiency in working capital turnover. However, a slight decrease was observed from March 31, 2023, to December 31, 2023.
Overall, the working capital turnover ratios of Axon Enterprise Inc. demonstrate varying levels of efficiency in utilizing working capital over the years. Further analysis of the company's operations and financial performance would be necessary to understand the factors contributing to these fluctuations and to assess the effectiveness of the company's working capital management strategies.
Peer comparison
Dec 31, 2024
See also:
Axon Enterprise Inc. Working Capital Turnover (Quarterly Data)