Return on Assets (ROA)
since 2005
Calculation
Axon Enterprise Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 5.16% | = | 100 | × | 147,139) | ÷ | 2,851,894) |
| Dec 31, 2021 | -3.56% | = | 100 | × | (60,018) | ÷ | 1,688,210) |
| Dec 31, 2020 | -0.12% | = | 100 | × | (1,724) | ÷ | 1,381,023) |
| Dec 31, 2019 | 0.10% | = | 100 | × | 882) | ÷ | 845,639) |
| Dec 31, 2018 | 4.06% | = | 100 | × | 29,205) | ÷ | 719,540) |
| Dec 31, 2017 | 1.54% | = | 100 | × | 5,207) | ÷ | 338,112) |
| Dec 31, 2016 | 6.22% | = | 100 | × | 17,297) | ÷ | 278,163) |
| Dec 31, 2015 | 8.67% | = | 100 | × | 19,933) | ÷ | 229,881) |
| Dec 31, 2014 | 10.75% | = | 100 | × | 19,918) | ÷ | 185,368) |
| Dec 31, 2013 | 12.30% | = | 100 | × | 18,244) | ÷ | 148,382) |
| Dec 31, 2012 | 12.68% | = | 100 | × | 14,738) | ÷ | 116,236) |
| Dec 31, 2011 | -6.71% | = | 100 | × | (7,040) | ÷ | 104,963) |
| Dec 31, 2010 | -3.22% | = | 100 | × | (4,384) | ÷ | 136,187) |
| Dec 31, 2009 | 0.00% | = | 100 | × | (1) | ÷ | 138,426) |
| Dec 31, 2008 | 2.80% | = | 100 | × | 3,637) | ÷ | 130,016) |
| Dec 31, 2007 | 10.91% | = | 100 | × | 15,026) | ÷ | 137,763) |
| Dec 31, 2006 | -3.41% | = | 100 | × | (4,088) | ÷ | 119,838) |
| Dec 31, 2005 | 0.95% | = | 100 | × | 1,063) | ÷ | 112,338) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial data reveals a fluctuating performance pattern over the years under review. Net income (loss) displayed notable volatility, with periods of both positive earnings and losses. Initially, after a positive net income in 2005, the company experienced a significant loss in 2006, followed by a recovery leading to a peak in 2007. This was succeeded by alternating periods of loss and profit, with marked losses in 2010 and 2011, strong recoveries around 2012 to 2014, and again a distinct surge in 2022.
Total assets exhibited a general upward trajectory, indicating sustained growth in asset base over the time span. There were slight declines or stagnation in the early years, particularly around 2007 to 2011, but the overall trend was one of substantial asset accumulation, especially from 2014 onwards, culminating in a significant increase by 2022.
Return on Assets (ROA) mirrored net income trends to some degree, underscoring profitability relative to the asset base. ROA experienced considerable fluctuations, swinging from negative values during loss years to double-digit positive percentages at times of profitable operations. The highest ROA was observed around 2007 and again in 2012, reflecting efficient use of assets during those years. Lower or negative ROA coincided with years of net losses, such as 2006, 2010, 2011, and 2021.
In summary, the financial data indicates that while the company managed significant growth in its asset base, its profitability was less consistent, with alternating periods of gains and losses impacting the overall return metrics. The pronounced growth in total assets in recent years sets a foundation for potential future profitability, as suggested by the strong net income recovered in the final year of the data.
- Net Income Trends
- Highly volatile with swings between losses and profits; notable recovery in 2022.
- Total Assets Growth
- Consistent increase over the years with accelerated growth post-2014.
- Return on Assets (ROA)
- Variable, reflecting fluctuations in profitability; highest in 2007 and 2012, negative during loss years.
- Overall Insight
- Asset growth has been steady, but profitability has been inconsistent, creating cyclical performance patterns.
Comparison to Competitors
Axon Enterprise Inc., ROA, long-term trends, comparison to competitors
| Axon Enterprise Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 5.16% | -3.60% | 8.18% | 7.03% | 0.12% | 7.97% | 10.84% | 3.27% |
| Dec 31, 2021 | -3.56% | -3.03% | 7.84% | 6.30% | -3.28% | 8.60% | 12.41% | 2.39% |
| Dec 31, 2020 | -0.12% | -7.80% | 3.83% | 4.43% | 2.25% | 7.40% | 13.47% | -2.17% |
| Dec 31, 2019 | 0.10% | -0.48% | 7.77% | 6.74% | -1.87% | 10.47% | 13.11% | 3.96% |
| Dec 31, 2018 | 4.06% | 8.91% | 7.83% | 6.90% | -7.23% | 11.71% | 11.24% | 3.93% |
| Dec 31, 2017 | 1.54% | 8.88% | 0.98% | 9.15% | -1.53% | 2.79% | 4.30% | 4.70% |
| Dec 31, 2016 | 6.22% | 5.44% | -0.09% | 6.32% | 2.42% | 8.88% | 11.09% | 5.64% |
| Dec 31, 2015 | 8.67% | 5.48% | 2.68% | 6.38% | -1.24% | 9.67% | 7.34% | 8.70% |
| Dec 31, 2014 | 10.75% | 5.49% | 4.36% | 5.35% | 2.35% | 9.33% | 9.75% | 6.81% |
| Dec 31, 2013 | 12.30% | 4.95% | 4.46% | 5.24% | 1.99% | 8.64% | 8.24% | 6.31% |
| Dec 31, 2012 | 12.68% | 4.39% | 6.36% | 3.39% | 1.99% | 6.99% | 7.10% | 5.74% |
| Dec 31, 2011 | -6.71% | 5.02% | 6.05% | 7.55% | 1.97% | 5.19% | 7.00% | 8.10% |
| Dec 31, 2010 | -3.22% | 4.82% | 4.22% | 5.38% | 1.55% | 5.34% | 8.34% | 7.48% |
| Dec 31, 2009 | 0.00% | 2.11% | 1.49% | 2.35% | 1.41% | 5.98% | 8.61% | 6.87% |
| Dec 31, 2008 | 2.80% | 4.97% | 5.25% | 6.35% | 2.18% | 7.87% | 9.62% | 8.30% |
| Dec 31, 2007 | 10.91% | 6.91% | 6.31% | 7.40% | 2.79% | 7.23% | 10.49% | 7.74% |
| Dec 31, 2006 | -3.41% | 4.28% | 6.95% | 8.32% | 2.99% | 6.73% | 8.96% | 7.92% |
| Dec 31, 2005 | 0.95% | 4.28% | 6.06% | 7.88% | 2.43% | 5.12% | 6.58% | 6.68% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
Axon Enterprise Inc., ROA, long-term trends, comparison to sector (capital goods)
| Axon Enterprise Inc. | Capital Goods | |
|---|---|---|
| Dec 31, 2022 | 5.16% | 2.84% |
| Dec 31, 2021 | -3.56% | 1.86% |
| Dec 31, 2020 | -0.12% | 0.80% |
| Dec 31, 2019 | 0.10% | 2.72% |
| Dec 31, 2018 | 4.06% | 1.74% |
| Dec 31, 2017 | 1.54% | 1.83% |
| Dec 31, 2016 | 6.22% | 4.09% |
| Dec 31, 2015 | 8.67% | 2.17% |
| Dec 31, 2014 | 10.75% | 3.87% |
| Dec 31, 2013 | 12.30% | 3.45% |
| Dec 31, 2012 | 12.68% | 3.30% |
| Dec 31, 2011 | -6.71% | 3.30% |
| Dec 31, 2010 | -3.22% | 2.70% |
| Dec 31, 2009 | 0.00% | 2.16% |
| Dec 31, 2008 | 2.80% | 3.33% |
| Dec 31, 2007 | 10.91% | 3.89% |
| Dec 31, 2006 | -3.41% | 3.91% |
| Dec 31, 2005 | 0.95% | 3.25% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
Axon Enterprise Inc., ROA, long-term trends, comparison to industry (industrials)
| Axon Enterprise Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 5.16% | 3.31% |
| Dec 31, 2021 | -3.56% | 3.40% |
| Dec 31, 2020 | -0.12% | 0.04% |
| Dec 31, 2019 | 0.10% | 2.56% |
| Dec 31, 2018 | 4.06% | 3.16% |
| Dec 31, 2017 | 1.54% | 3.59% |
| Dec 31, 2016 | 6.22% | 4.55% |
| Dec 31, 2015 | 8.67% | 3.52% |
| Dec 31, 2014 | 10.75% | 4.31% |
| Dec 31, 2013 | 12.30% | 3.91% |
| Dec 31, 2012 | 12.68% | 3.38% |
| Dec 31, 2011 | -6.71% | 3.69% |
| Dec 31, 2010 | -3.22% | 3.03% |
| Dec 31, 2009 | 0.00% | 2.24% |
| Dec 31, 2008 | 2.80% | 3.10% |
| Dec 31, 2007 | 10.91% | 3.87% |
| Dec 31, 2006 | -3.41% | 6.41% |
| Dec 31, 2005 | 0.95% | 1.42% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).