Axon Enterprise Inc. (AXON)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 58,540 | 154,789 | 93,253 | -168,123 | -14,150 |
| Total assets | US$ in thousands | 4,474,590 | 3,436,840 | 2,851,890 | 1,688,210 | 1,381,020 |
| Operating ROA | 1.31% | 4.50% | 3.27% | -9.96% | -1.02% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $58,540K ÷ $4,474,590K
= 1.31%
The operating return on assets (operating ROA) of Axon Enterprise Inc. has shown varied performance over the past five years. In December 2020, the company's operating ROA was -1.02%, indicating that its operating income generated from its assets was negative. This negative performance improved significantly by December 2021, where the operating ROA stood at -9.96%. However, it is worth noting that the company's operating return on assets remained in negative territory.
In the subsequent years, Axon Enterprise Inc. displayed a positive trend in its operating ROA. By December 2022, the operating ROA improved to 3.27%, demonstrating a recovery in the operational efficiency of utilizing its assets to generate income. The positive trend continued in December 2023 when the operating ROA further increased to 4.50%, indicating an enhancement in the company's ability to generate operating income from its assets.
Nevertheless, in December 2024, there was a slight decline in Axon Enterprise Inc.'s operating ROA, which stood at 1.31%. Even though it decreased from the previous year, the operating ROA remained positive, signifying that the company continued to generate operating income from its assets.
Overall, Axon Enterprise Inc. has shown fluctuations in its operating return on assets over the past five years, with improvements in recent years. The positive trend in operating ROA from 2021 to 2023 indicates enhanced operational efficiency and asset utilization, although a slight decline was observed in 2024. Monitoring this ratio is crucial for assessing the company's operational performance and efficiency in generating income from its asset base.
Peer comparison
Dec 31, 2024