Motorola Solutions Inc (MSI)

Total 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
Total assets	US$ in thousands	14,595,000	13,889,000	13,345,000	13,326,000	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
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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,818,000K ÷ $14,595,000K
= 0.74

Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Motorola Solutions Inc, the total asset turnover ratio has fluctuated over the past few years. It was around 0.74 in the first quarter of 2020 and remained relatively stable until dropping to 0.68 by the end of December 2020. From March 2021 to March 2024, the ratio varied between 0.71 and 0.79, showing some level of consistency in asset utilization. Overall, the ratio indicates that Motorola Solutions Inc generates approximately $0.71 to $0.79 in sales for every dollar of assets it holds. A higher total asset turnover ratio typically suggests better asset management efficiency, while a lower ratio may indicate inefficiencies in asset utilization.