Axon Enterprise (FRA:TCS) Receivables Turnover : 1.03 (As of Mar. 2024)

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What is Axon Enterprise Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Axon Enterprise's Revenue for the three months ended in Mar. 2024 was €424 Mil. Axon Enterprise's average Accounts Receivable for the three months ended in Mar. 2024 was €411 Mil. Hence, Axon Enterprise's Receivables Turnover for the three months ended in Mar. 2024 was 1.03.

Axon Enterprise Receivables Turnover Historical Data

The historical data trend for Axon Enterprise's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Axon Enterprise Receivables Turnover Chart

Axon Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.87

3.49

3.24

3.61

3.98

Axon Enterprise Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.92	0.99	1.02	0.99	1.03

Competitive Comparison of Axon Enterprise's Receivables Turnover

For the Aerospace & Defense subindustry, Axon Enterprise's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Axon Enterprise's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Axon Enterprise's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Axon Enterprise's Receivables Turnover falls into.

Axon Enterprise Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Axon Enterprise's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1433.63	/ (	(338.131	+	383.022)	/	2 )
=	1433.63	/	360.5765
=	3.98

Axon Enterprise's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	423.877	/ (	(383.022	+	438.623)	/	2 )
=	423.877	/	410.8225
=	1.03

Axon Enterprise (FRA:TCS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Axon Enterprise Receivables Turnover Related Terms

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Axon Enterprise (FRA:TCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Axon Enterprise Inc (FRA:TCS) » Definitions » Receivables Turnover

Comparable Companies

HEI.A HWM TXT HII CW WWD BWXT LHX DRS MOG.A GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.

Traded in Other Exchanges

AXON:USA TCS:Germany

Address

17800 North 85th Street, Scottsdale, AZ, USA, 85255

Website

https://investor.axon.com

Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software & sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and gets most of its revenue from the United States.