Axon Enterprise Inc. (AXON)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 60.85% | 61.11% | 61.13% | 60.83% | 61.36% | 61.47% | 61.50% | 62.05% | 62.70% | 62.77% | 62.13% | 61.91% | 61.20% | 58.71% | 59.19% | 58.19% | 57.89% | 59.10% | 59.30% | 60.55% |
| 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% |
| Pretax margin | 9.87% | 9.12% | 6.25% | 12.99% | 16.55% | 11.64% | 10.20% | -2.08% | -16.39% | -10.91% | -11.90% | -7.70% | -0.92% | -4.35% | -2.60% | -0.49% | 0.39% | 3.59% | 3.08% | 4.20% |
| Net profit margin | 11.10% | 9.95% | 7.24% | 10.76% | 12.39% | 9.76% | 14.22% | 4.63% | -6.96% | -2.37% | -8.69% | -7.37% | -0.25% | -6.38% | -5.58% | -0.26% | 0.17% | 3.24% | 3.34% | 5.22% |
Axon Enterprise Inc's profitability ratios have shown fluctuation over the past eight quarters. The gross profit margin has remained relatively stable, ranging from 60.87% to 61.45%. This indicates the company's ability to generate profits from its core operations consistently.
In terms of operating profit margin, there has been variability, with the highest being 9.90% in Q4 2023 and the lowest at 1.46% in Q2 2022. This suggests fluctuations in the company's operating efficiency and cost management over the periods analyzed.
The pretax margin has also shown volatility, ranging from -2.08% in Q1 2022 to 16.51% in Q4 2022. This indicates fluctuations in the company's ability to generate profits before accounting for taxes, possibly due to changes in revenue, expenses, or other factors.
The net profit margin has also varied, with the highest at 14.20% in Q2 2022 and the lowest at 4.62% in Q1 2022. This ratio reflects the company's bottom-line profitability after all expenses have been accounted for.
Overall, these ratios suggest that Axon Enterprise Inc has experienced fluctuations in profitability over the analyzed quarters. It is important for stakeholders to closely monitor these ratios to assess the company's financial performance and sustainability.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 5.07% | 4.49% | 3.21% | 4.57% | 5.16% | 5.20% | 7.29% | 2.41% | -3.56% | -1.26% | -4.59% | -3.82% | -0.12% | -3.12% | -2.67% | -0.17% | 0.10% | 1.94% | 2.00% | 3.07% |
| Return on total capital | 6.76% | 6.12% | 5.26% | 4.46% | 4.80% | 3.54% | 1.21% | -8.95% | -16.04% | -12.14% | -13.08% | -6.29% | -1.45% | -3.83% | -2.56% | -1.76% | -1.18% | 1.97% | 1.50% | 2.90% |
| Return on equity (ROE) | 10.81% | 9.61% | 6.84% | 9.79% | 11.60% | 8.48% | 11.80% | 3.80% | -5.73% | -1.86% | -6.38% | -5.31% | -0.18% | -4.46% | -3.79% | -0.26% | 0.16% | 3.02% | 3.06% | 4.72% |
Axon Enterprise Inc's profitability ratios reflect its ability to generate earnings relative to its assets, capital, and equity during the specified periods.
In terms of operating profitability, the company's operating return on assets (Operating ROA) has shown a generally positive trend, increasing from 3.08% in Q1 2023 to 4.50% in Q4 2023. This indicates an improvement in the efficiency of utilizing its assets to generate operating income.
Looking at overall profitability, the Return on assets (ROA) fluctuated over the quarters but remained relatively stable, ranging from 3.21% in Q2 2023 to 5.16% in Q4 2022. It is important to note that ROA takes into account all earnings generated by the company, not just operating income.
The Return on total capital also demonstrated variability but generally increased over the quarters, with a notable jump from 1.21% in Q2 2022 to 6.76% in Q4 2023. This ratio provides insight into how efficiently the company is utilizing all capital sources to generate profits.
Finally, the Return on equity (ROE) exhibited fluctuations but showed an upward trend, peaking at 11.80% in Q2 2022 before decreasing and then rebounding to 10.81% in Q4 2023. ROE reflects the company's ability to generate profits relative to shareholder equity, indicating the return shareholders are receiving on their investments.
Overall, the profitability ratios suggest that Axon Enterprise Inc has been effectively managing its assets, capital, and equity to generate profits, with improvements in operating efficiency and returns to shareholders observed over the analyzed quarters.