Motorola Solutions Inc (MSI)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	10,818,000	10,655,000	10,421,000	10,196,000	9,978,000	9,837,000	9,654,000	9,391,000	9,112,000	8,725,000	8,459,000	8,290,000	8,171,000	8,124,000	7,885,000	7,532,000	7,414,000	7,517,000	7,643,000	7,885,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,384,000	1,413,000	1,399,000	1,412,000	1,204,000	1,405,000	1,467,000	1,424,000	1,426,000	1,458,000	1,476,000	1,022,000	1,448,000	1,427,000	932,000
Fixed asset turnover		—	—	—	—	—	7.11	6.83	6.71	6.45	7.25	6.02	5.65	5.74	5.70	5.41	5.10	7.25	5.19	5.36	8.46

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,818,000K ÷ $—K
= —

Motorola Solutions Inc's fixed asset turnover has shown fluctuations over the period provided in the dataset. The fixed asset turnover ratio measures how efficiently the company generates sales revenue from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate sales.

Looking at the data, we observe that the fixed asset turnover ratio was relatively high in March 2020 at 8.46, which suggests that the company was efficient in using its fixed assets to generate sales revenue. However, the ratio decreased in the subsequent quarters, reaching a low of 5.10 in March 2021, indicating a potential decrease in asset utilization efficiency during that period.

From June 2021 to September 2022, the fixed asset turnover ratio remained relatively stable within the range of 5.41 to 7.25. This stability suggests that the company maintained a consistent level of efficiency in utilizing its fixed assets to generate sales.

In the later periods, the fixed asset turnover ratio showed an increasing trend, reaching 6.83 in June 2023 and peaking at 7.11 in September 2023. These improvements indicate that Motorola Solutions Inc was able to enhance its efficiency in generating sales revenue from its fixed assets during these quarters.

However, it is worth noting that the data for the last four quarters (December 2023 to December 2024) is missing, which prevents us from analyzing the most recent trends in fixed asset turnover.

Overall, the analysis of Motorola Solutions Inc's fixed asset turnover ratio reveals fluctuations in asset utilization efficiency over the provided period, with periods of both improvement and decline.