Motorola Solutions Inc (MSI)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	7.02	6.56	6.56	6.14	6.10	5.18	4.93	4.59	4.63	4.03	4.09	4.47	5.24	6.82	7.19	7.27	7.49	7.84	8.60	8.91
Receivables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	7.60	9.32	11.94	11.39	—	—	11.23	10.92	13.11	9.29	13.87	21.04	6.06	6.22	5.34	8.89	8.85	11.41	12.61	13.10

Inventory Turnover:

- The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory in a given period.

- Motorola Solutions Inc's inventory turnover has been decreasing steadily from 8.91 on March 31, 2020, to 7.02 on December 31, 2024. The decreasing trend may indicate slower sales or excess inventory levels.

Receivables Turnover:

- Receivables turnover ratio reflects how many times a company collects its accounts receivables during a specific period. Unfortunately, no data is available for Motorola Solutions Inc in the provided dataset.

Payables Turnover:

- Payables turnover ratio shows how efficiently a company pays its suppliers or creditors. Unfortunately, no data is available for Motorola Solutions Inc in the provided dataset.

Working Capital Turnover:

- The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate revenue. It indicates how many times a company's working capital is used to support sales.

- Motorola Solutions Inc's working capital turnover ratio has shown some fluctuations, ranging from 5.34 on June 30, 2021, to 21.04 on March 31, 2022. The high ratio on March 31, 2022, may suggest improved efficiency in utilizing working capital to drive revenue. However, the ratio dropped to 7.60 on December 31, 2024, indicating a potential slowdown in revenue generation efficiency.

Average number of days

		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
Days of inventory on hand (DOH)	days	51.97	55.67	55.63	59.44	59.88	70.50	74.00	79.51	78.86	90.55	89.17	81.70	69.62	53.50	50.78	50.23	48.72	46.54	42.42	40.95
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

The Days of Inventory on Hand (DOH) is a key activity ratio that measures the average number of days a company holds its inventory before it is sold. For Motorola Solutions Inc, the DOH has fluctuated over the past years, ranging from around 40 days to 90 days. A lower DOH indicates that the company is efficiently managing its inventory, while a higher DOH may suggest overstocking or slow-moving inventory.

On the other hand, the Days of Sales Outstanding (DSO) ratio, which measures how long it takes for a company to collect its accounts receivable, was not provided in the data for Motorola Solutions Inc. This ratio is crucial for assessing the company's ability to collect payments from its customers promptly.

Lastly, the Number of Days of Payables ratio, which indicates how long a company takes to pay its suppliers, was also not available in the data provided. This ratio is essential in understanding the company's liquidity position and its relationships with suppliers.

Overall, while the Days of Inventory on Hand ratio provides some insights into Motorola Solutions Inc's inventory management efficiency, a complete analysis of activity ratios would require additional data on DSO and the Number of Days of Payables to fully evaluate the company's operational performance and financial health.

Long-term

	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
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
Total asset turnover	0.74	0.77	0.78	0.77	0.75	0.79	0.79	0.76	0.71	0.75	0.72	0.71	0.67	0.71	0.71	0.72	0.68	0.73	0.74	0.74

The fixed asset turnover ratio for Motorola Solutions Inc has fluctuated over the years with an upward trend from 2020 to 2022, indicating an improvement in the company's efficiency in generating sales from fixed assets. The ratio peaked at 7.25 in September 2022, suggesting that for every dollar invested in fixed assets, the company generated $7.25 in sales.

On the other hand, the total asset turnover ratio has shown a more stable pattern, hovering around the 0.7 to 0.8 range from 2020 to 2024. This ratio reflects the company's ability to generate sales from all its assets, not just fixed assets. The trend indicates that Motorola Solutions Inc is effectively utilizing its total assets to generate revenue, although there was a slight dip in the ratio in December 2021 and March 2022.

Overall, the long-term activity ratios suggest that Motorola Solutions Inc has been efficiently managing its assets to drive sales growth, with the fixed asset turnover ratio showing notable improvements in asset utilization efficiency.