Analysis of Inventory
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- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Inventory Disclosure
Axon Enterprise Inc., balance sheet: inventory
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Finished goods | |||||||||||
| Inventory |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
- Inventory Trends
- The inventory levels showed a consistent upward trend throughout the observed periods. Starting at approximately 33.8 million US dollars in 2018, inventory increased steadily each year, reaching over 202 million US dollars by the end of 2022. This indicates more than a sixfold increase over the five-year period.
- Raw Materials
- The raw materials component of inventory rose notably from about 19.7 million US dollars in 2018 to nearly 72.7 million US dollars in 2022. The most significant jump occurred between 2021 and 2022, where raw materials nearly doubled from 38.3 million to 72.7 million US dollars, indicating potential stockpiling or preparation for higher production demands.
- Finished Goods
- Finished goods inventory exhibited an even more pronounced increase over the same period. From approximately 14.1 million US dollars in 2018, it surged to roughly 129.7 million US dollars by the end of 2022. The growth accelerated significantly from 2020 onwards, with the largest annual increments observed between 2020 and 2022. This pattern could suggest increased production outputs, building up of stock to meet anticipated sales, or slower sales turnover.
- Overall Insights
- The data portrays a substantial accumulation of inventory in both raw materials and finished goods. The sharp rise in finished goods inventory, particularly in the last two years, alongside increased raw materials, may reflect strategic inventory management responding to market conditions, supply chain dynamics, or demand forecasts. However, such significant increases also warrant attention to inventory turnover rates and potential risks related to obsolescence or liquidity.