Axon Enterprise Inc. (AXON)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 376,224 | 298,311 | 290,683 | 262,306 | 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 |
| Total assets | US$ in thousands | 4,474,590 | 4,005,660 | 3,742,370 | 3,616,200 | 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 |
| ROA | 8.41% | 7.45% | 7.77% | 7.25% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $376,224K ÷ $4,474,590K
= 8.41%
The return on assets (ROA) of Axon Enterprise Inc. has shown notable fluctuations over the past few years. The ROA was consistently negative from March 2020 to June 2022, indicating that the company was not generating positive returns on its assets during this period. However, starting from March 2022, the ROA turned positive and experienced a steady increase through December 2024.
The significant improvement in ROA from March 2022 suggests that Axon Enterprise has been more efficient in utilizing its assets to generate profits. The positive trend indicates that the company's profitability in relation to its asset base has been strengthening, which can be a positive signal for investors and stakeholders.
The ROA reaching 8.41% by December 2024 indicates that Axon Enterprise is generating a return of 8.41 cents on every dollar of assets invested, reflecting improved efficiency and potentially better financial performance. This upward trajectory in ROA could signify effective asset management and operational performance enhancement by the company.
Peer comparison
Dec 31, 2024
See also:
Axon Enterprise Inc. Return on Assets (ROA) (Quarterly Data)