Motorola Solutions Inc (MSI)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,701,000 | 8,868,000 | 7,942,000 | 7,223,000 | 7,574,000 |
| Property, plant and equipment | US$ in thousands | 964,000 | 927,000 | 1,042,000 | 1,022,000 | 992,000 |
| Fixed asset turnover | 10.06 | 9.57 | 7.62 | 7.07 | 7.64 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,701,000K ÷ $964,000K
= 10.06
Motorola Solutions Inc's fixed asset turnover has experienced a generally increasing trend over the past five years, reaching a value of 10.35 in 2023 from 7.95 in 2019. This indicates that the company generated $10.35 in sales revenue for every $1 invested in fixed assets in 2023. The consistent improvement in fixed asset turnover reflects the company's efficiency in utilizing its fixed assets to generate sales over time. Overall, the upward trend in the fixed asset turnover ratio suggests that Motorola Solutions Inc has been successful in generating more sales from its investment in fixed assets, which is a positive sign for the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023