Axon Enterprise Inc. (AXON)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	154,789	134,521	111,515	92,667	93,253	43,646	14,429	-100,667	-168,123	-135,282	-143,621	-63,612	-14,150	-34,311	-22,246	-9,865	-6,394	9,985	7,335	13,929
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
Operating profit margin		9.86%	9.16%	8.16%	7.26%	7.85%	4.08%	1.46%	-10.90%	-19.49%	-15.52%	-17.82%	-8.73%	-2.08%	-5.48%	-3.77%	-1.76%	-1.20%	2.11%	1.64%	3.21%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $154,789K ÷ $1,569,959K
= 9.86%

Axon Enterprise Inc's operating profit margin has shown a generally upward trend over the past eight quarters, indicating improvements in the company's operational efficiency and profitability. The operating profit margin increased from -10.89% in Q1 2022 to 9.90% in Q4 2023. This positive trend suggests that the company has been able to control its operating expenses better and generate higher profits from its core business activities. It is worth noting that the operating profit margin fluctuated throughout the period, with some quarters showing significant improvements compared to the previous quarter, such as Q2 2023 and Q4 2022, while other quarters saw more moderate changes. Overall, the consistent improvement in the operating profit margin reflects positively on Axon Enterprise Inc's financial performance and ability to generate profits from its operations.