Motorola Solutions Inc (MSI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,817,000 | 9,978,000 | 9,112,000 | 8,171,000 | 7,414,000 |
| Total assets | US$ in thousands | 14,595,000 | 13,336,000 | 12,814,000 | 12,189,000 | 10,876,000 |
| Total asset turnover | 0.74 | 0.75 | 0.71 | 0.67 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,817,000K ÷ $14,595,000K
= 0.74
The total asset turnover ratio for Motorola Solutions Inc has shown a fluctuating trend over the years. It was 0.68 in December 2020, slightly decreased to 0.67 in December 2021, then increased to 0.71 in December 2022, further increased to 0.75 in December 2023, and slightly decreased to 0.74 in December 2024.
A total asset turnover ratio of less than 1 indicates that Motorola Solutions Inc generates less than $1 in revenues for every dollar invested in assets. The increasing trend in the total asset turnover ratio indicates that the company has been more efficient in generating revenues from its assets in recent years. However, the slight decrease in 2024 suggests there may have been some challenges in asset utilization efficiency during that year.
Overall, Motorola Solutions Inc's total asset turnover ratio indicates that the company has been effectively using its assets to generate revenue, although it may need to focus on maintaining or improving this efficiency in the future to ensure sustainable growth.
Peer comparison
Dec 31, 2024