Axon Enterprise Inc. (AXON)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 377,034 | 174,227 | 147,139 | -60,018 | -1,724 |
| Total assets | US$ in thousands | 4,474,590 | 3,436,840 | 2,851,890 | 1,688,210 | 1,381,020 |
| ROA | 8.43% | 5.07% | 5.16% | -3.56% | -0.12% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $377,034K ÷ $4,474,590K
= 8.43%
Based on the provided data, the return on assets (ROA) of Axon Enterprise Inc. has displayed significant fluctuations over the past five years. The ROA was -0.12% as of December 31, 2020, indicating a slight negative return on the company's assets.
However, there was a substantial decline in ROA to -3.56% by December 31, 2021, suggesting a weakening performance in generating profits relative to its assets during that period.
The ROA witnessed a substantial improvement in the subsequent years, with a notable increase to 5.16% by December 31, 2022. This improvement continued in 2023, with the return on assets reaching 5.07%.
By December 31, 2024, Axon Enterprise Inc.'s ROA had surged significantly to 8.43%, indicating a strong performance in utilizing its assets to generate profits.
Overall, the trend in ROA for Axon Enterprise Inc. demonstrates a volatile performance over the years, with periods of negative returns followed by substantial improvements, culminating in a noteworthy increase to 8.43% by the end of 2024. This suggests that the company has made progress in enhancing its efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2024