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)