Axon Enterprise Inc. (AXON)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 58,380 | 116,944 | 147,976 | 154,461 | 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 |
| Total assets | US$ in thousands | 4,474,590 | 4,005,660 | 3,742,370 | 3,616,200 | 3,436,840 | 3,254,180 | 3,077,400 | 3,007,950 | 2,851,890 | 2,010,430 | 1,932,020 | 1,772,450 | 1,688,210 | 1,645,390 | 1,526,890 | 1,404,860 | 1,381,020 | 1,279,150 | 1,232,910 | 877,451 |
| Operating ROA | 1.30% | 2.92% | 3.95% | 4.27% | 4.50% | 4.13% | 3.62% | 3.08% | 3.27% | 2.17% | 0.75% | -5.68% | -9.96% | -8.22% | -9.41% | -4.53% | -1.02% | -2.68% | -1.80% | -1.12% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $58,380K ÷ $4,474,590K
= 1.30%
Operating Return on Assets (Operating ROA) is a key financial ratio that reflects the efficiency of utilizing assets to generate operating income. In the case of Axon Enterprise Inc., the Operating ROA trend over the past few years has shown fluctuations.
From March 31, 2020, to December 31, 2022, the company experienced negative Operating ROA figures, indicating that the operating income generated was insufficient to cover the assets employed in operations. This could suggest inefficiencies or challenges in the company's operations during this period.
However, starting from March 31, 2023, there was a significant improvement in the Operating ROA, with the ratio increasing steadily over subsequent quarters. The positive trend indicates enhanced operational efficiency and effectiveness in generating income from the assets utilized.
By December 31, 2024, the Operating ROA had improved to 1.30%, demonstrating a positive turnaround from the negative figures seen in previous periods. This improvement suggests that Axon Enterprise Inc. has been able to better utilize its assets to generate operating income, potentially through cost management, revenue growth, or operational improvements.
Overall, the increasing trend in Operating ROA from 2023 to 2024 reflects positively on the company's operational performance and efficiency in generating returns from its assets. Continued monitoring of this ratio will be important to assess the sustainability of Axon Enterprise Inc.'s operational performance and asset utilization in the future.
Peer comparison
Dec 31, 2024