AXON (Axon Enterprise) ROCE % : 10.55% (As of Sep. 2024)

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What is Axon Enterprise ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Axon Enterprise's annualized ROCE % for the quarter that ended in Sep. 2024 was 10.55%.

Axon Enterprise ROCE % Historical Data

The historical data trend for Axon Enterprise's ROCE % 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 ROCE % Chart

Axon Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-1.06

-1.59

-14.04

11.20

6.63

Axon Enterprise Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															11.79	8.58	24.38	7.19	10.55

Axon Enterprise ROCE % Calculation

Axon Enterprise's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	161.995	/	( ( (2851.894 - 602.646)	+	(3436.845 - 799.969) )	/ 2 )
	=	161.995	/	( (2249.248	+	2636.876)	/ 2 )
	=	161.995	/	2443.062
	=	6.63 %

Axon Enterprise's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	324.86	/	( ( (3742.37 - 766.113)	+	(4005.658 - 823.227) )	/ 2 )
	=	324.86	/	( ( 2976.257	+	3182.431 )	/ 2 )
	=	324.86	/	3079.344
	=	10.55 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Axon Enterprise (NAS:AXON) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Axon Enterprise ROCE % Related Terms

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Axon Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Axon Enterprise Inc (NAS:AXON) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

0HKE:UK TCS:Germany 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 derives the majority of its revenue from the software & sensors segment and geographically from the United States.

Executives

Joshua Isner	officer: EVP Global Sales	17800 N 85TH ST, SCOTTSDALE AZ 85255
Jeffrey C Kunins	officer: Chief Product Officer	17800 NORTH 85TH STREET, SCOTTSDALE AZ 85255
Julie A Cullivan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Brittany Bagley	officer: CFO & CBO	C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101
Matthew R Mcbrady	director
Michael Garnreiter	director	6735 E. GREENWAY PARKWAY, UNIT #2049, SCOTTSDALE AZ 85254
Patrick W Smith	director, officer: Chief Executive Officer	7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627
Jeri Williams	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Caitlin Elizabeth Kalinowski	director	17800 NORTH 85TH STREET, SCOTTSDALE AZ 85255
Hadi Partovi	director	9655 LAKE WASHINGTON BLVD NE, BELLEVUE WA 98004
Erika Nardini	director	1241 E MAIN ST, STAMFORD CT 06902-3520
Graham Smith	director	301 BRANNMAN ST, SAN FRANCISCO CA 94107
Mark W Kroll	director	PO BOX 23, CRYSTAL BAY MN 55323
Luke Larson	officer: Chief Marketing Officer	17800 N 85TH ST, SCOTTSDALE AZ 85255
James Zito	officer: Chief Financial Officer	17800 N 85TH ST, SCOTTSDALE AZ 85255