Motorola Solutions Inc (MSI)
Receivables 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 |
| Receivables | US$ in thousands | 1,723,000 | 1,531,000 | 1,406,000 | 1,409,000 | 1,431,000 |
| Receivables turnover | 5.63 | 5.79 | 5.65 | 5.13 | 5.29 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,701,000K ÷ $1,723,000K
= 5.63
The receivables turnover ratio for Motorola Solutions Inc has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is able to collect its accounts receivable during a specific period.
In 2023, the receivables turnover ratio decreased to 5.70 compared to the previous year's ratio of 5.82. This suggests that the company took slightly longer to collect its outstanding receivables in 2023. However, it is important to note that the ratio remained relatively close to the previous year's figure.
Looking back further, the ratio was highest in 2021 at 5.90 and lowest in 2020 at 5.33. Despite the fluctuations, the company generally maintains a consistent performance in collecting its receivables efficiently, as the ratios are all above 5.
Overall, the trend of Motorola Solutions Inc's receivables turnover ratio indicates a sound ability to manage its accounts receivable effectively, albeit with slight variations from year to year.
Peer comparison
Dec 31, 2023