Stock Analysis on Net

Axon Enterprise Inc. (NASDAQ:AXON)

This company has been moved to the archive! The financial data has not been updated since May 9, 2023.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin

Microsoft Excel

Two-Component Disaggregation of ROE

Axon Enterprise Inc., decomposition of ROE

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2022 11.60% = 5.16% × 2.25
Dec 31, 2021 -5.73% = -3.56% × 1.61
Dec 31, 2020 -0.18% = -0.12% × 1.41
Dec 31, 2019 0.16% = 0.10% × 1.56
Dec 31, 2018 6.25% = 4.06% × 1.54

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).


Three-Component Disaggregation of ROE

Axon Enterprise Inc., decomposition of ROE

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 11.60% = 12.37% × 0.42 × 2.25
Dec 31, 2021 -5.73% = -6.95% × 0.51 × 1.61
Dec 31, 2020 -0.18% = -0.25% × 0.49 × 1.41
Dec 31, 2019 0.16% = 0.17% × 0.63 × 1.56
Dec 31, 2018 6.25% = 6.95% × 0.58 × 1.54

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).


Five-Component Disaggregation of ROE

Axon Enterprise Inc., decomposition of ROE

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2022 11.60% = 0.75 × 1.00 × 16.56% × 0.42 × 2.25
Dec 31, 2021 -5.73% = × × -16.37% × 0.51 × 1.61
Dec 31, 2020 -0.18% = × × -0.92% × 0.49 × 1.41
Dec 31, 2019 0.16% = 0.43 × 0.98 × 0.40% × 0.63 × 1.56
Dec 31, 2018 6.25% = 1.04 × 1.00 × 6.71% × 0.58 × 1.54

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).


Two-Component Disaggregation of ROA

Axon Enterprise Inc., decomposition of ROA

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2022 5.16% = 12.37% × 0.42
Dec 31, 2021 -3.56% = -6.95% × 0.51
Dec 31, 2020 -0.12% = -0.25% × 0.49
Dec 31, 2019 0.10% = 0.17% × 0.63
Dec 31, 2018 4.06% = 6.95% × 0.58

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).


Four-Component Disaggregation of ROA

Axon Enterprise Inc., decomposition of ROA

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2022 5.16% = 0.75 × 1.00 × 16.56% × 0.42
Dec 31, 2021 -3.56% = × × -16.37% × 0.51
Dec 31, 2020 -0.12% = × × -0.92% × 0.49
Dec 31, 2019 0.10% = 0.43 × 0.98 × 0.40% × 0.63
Dec 31, 2018 4.06% = 1.04 × 1.00 × 6.71% × 0.58

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).


Disaggregation of Net Profit Margin

Axon Enterprise Inc., decomposition of net profit margin ratio

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2022 12.37% = 0.75 × 1.00 × 16.56%
Dec 31, 2021 -6.95% = × × -16.37%
Dec 31, 2020 -0.25% = × × -0.92%
Dec 31, 2019 0.17% = 0.43 × 0.98 × 0.40%
Dec 31, 2018 6.95% = 1.04 × 1.00 × 6.71%

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).