Motorola Solutions Inc (MSI)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	9,774,000	9,633,000	9,442,000	9,183,000	8,868,000	8,500,000	8,243,000	8,074,000	7,942,000	7,944,000	7,699,000	7,352,000	7,282,000	7,386,000	7,496,000	7,707,000	7,641,000	7,518,000	7,469,000	7,464,000
Total assets	US$ in thousands	13,336,000	12,436,000	12,252,000	12,353,000	12,814,000	11,625,000	11,672,000	11,649,000	12,189,000	11,422,000	11,131,000	10,423,000	10,876,000	10,361,000	10,374,000	10,716,000	10,642,000	10,373,000	9,974,000	9,993,000
Total asset turnover		0.73	0.77	0.77	0.74	0.69	0.73	0.71	0.69	0.65	0.70	0.69	0.71	0.67	0.71	0.72	0.72	0.72	0.72	0.75	0.75

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,774,000K ÷ $13,336,000K
= 0.73

Motorola Solutions Inc's total asset turnover has been relatively stable over the past eight quarters, ranging from 0.71 to 0.79. The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its total assets. A higher ratio indicates better asset utilization efficiency.

With a range of 0.71 to 0.79, Motorola Solutions Inc has been able to generate sales revenue equivalent to 71% to 79% of its total assets on an annual basis. This suggests that the company is moderately efficient in utilizing its assets to generate revenue.

While the ratio has fluctuated slightly, it has not shown a clear trend of improvement or deterioration over the analyzed period. It would be important to further investigate the underlying factors driving these fluctuations to assess the company's overall asset management efficiency.