Axon Enterprise Inc. (AXON)

Return on assets (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
Net income (ttm) US$ in thousands 174,227 146,131 98,865 137,407 147,139 104,456 140,849 42,770 -60,018 -20,676 -70,073 -53,715 -1,724 -39,937 -32,960 -1,463 882 15,344 14,951 22,698
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
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $174,227K ÷ $3,436,840K
= 5.07%

The return on assets (ROA) for Axon Enterprise Inc has exhibited fluctuations over the past eight quarters. In Q2 2022, the ROA was notably high at 7.29%, indicating strong efficiency in generating profits relative to its total assets. However, this figure declined in subsequent quarters, hitting a low of 2.41% in Q1 2022.

Throughout 2023, the ROA showed mixed results. The values ranged from 3.21% in Q2 to 5.07% in Q4. The fourth quarter of 2023 saw a modest increase in ROA compared to the previous quarter, indicating improved profitability in utilizing assets to generate earnings.

Overall, the fluctuating trend in Axon Enterprise Inc's ROA suggests varying levels of effectiveness in generating profits from its assets over the analyzed period. Further analysis would be required to pinpoint the specific factors driving these changes and to assess the company's asset management strategies in greater detail.


Peer comparison

Dec 31, 2023


See also:

Axon Enterprise Inc. Return on Assets (ROA) (Quarterly Data)