Axon Enterprise Inc. (AXON)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 845,639 | 792,304 | 746,370 | 739,195 |
| Operating ROA | 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% | -0.76% | 1.26% | 0.98% | 1.88% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $154,789K ÷ $3,436,840K
= 4.50%
Operating return on assets (operating ROA) measures a company's ability to generate profit from its operating activities relative to its total assets. Looking at the trend over the past eight quarters for Axon Enterprise Inc, we can observe an overall improvement in the operating ROA.
In Q1 2022, the operating ROA was at a significant low of -5.68%, indicating the company experienced a loss from its core operations relative to its asset base. Subsequently, there was a notable recovery in the following quarters, with positive operating ROA figures reported. The trend continued to improve steadily, with fluctuations in between, reaching a peak of 4.50% in Q4 2023.
This progressive increase in operating ROA signifies that Axon Enterprise Inc has been managing its operations more efficiently and effectively, thereby generating higher profitability from its asset base over time. It indicates a positive trajectory for the company's operational performance and financial health. Monitoring this metric going forward will be crucial to assess the company's continued ability to generate profits from its operational activities.
Peer comparison
Dec 31, 2023