Axon Enterprise Inc. (AXON)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 154,789 | 93,253 | -168,123 | -14,150 | -6,394 |
| Total assets | US$ in thousands | 3,436,840 | 2,851,890 | 1,688,210 | 1,381,020 | 845,639 |
| Operating ROA | 4.50% | 3.27% | -9.96% | -1.02% | -0.76% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $154,789K ÷ $3,436,840K
= 4.50%
Axon Enterprise Inc's operating return on assets (ROA) has shown an improving trend over the past five years. In 2019 and 2020, the company reported negative operating ROA figures of -0.76% and -1.02%, respectively, indicating that the company was not effectively generating operating income relative to its total assets during those years.
However, there was a significant turnaround in 2021, where the operating ROA improved to -9.96%. This improvement may suggest that the company implemented strategic changes to enhance operational efficiency and profitability during that year.
The positive trend continued in 2022 and 2023, with operating ROA increasing to 3.27% and 4.50%, respectively. These higher percentages indicate that Axon Enterprise Inc has been more successful in generating operating income from its assets in recent years, reflecting improved operational performance and potentially better asset utilization.
Overall, the increasing trend in operating ROA signals that Axon Enterprise Inc has been progressively more efficient in utilizing its assets to generate operating income, which is a positive indicator of the company's operational effectiveness.
Peer comparison
Dec 31, 2023