Motorola Solutions Inc (MSI)
Working capital 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 |
| Total current assets | US$ in thousands | 5,725,000 | 5,255,000 | 5,412,000 | 4,327,000 | 4,178,000 |
| Total current liabilities | US$ in thousands | 5,736,000 | 4,560,000 | 4,063,000 | 3,489,000 | 3,439,000 |
| Working capital turnover | — | 12.76 | 5.89 | 8.62 | 10.25 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,701,000K ÷ ($5,725,000K – $5,736,000K)
= —
The working capital turnover ratio for Motorola Solutions Inc has exhibited fluctuations over the past five years. In 2023, the specific figure is not available. However, in 2022, the working capital turnover was 13.11, indicating that the company generated $13.11 in sales for every dollar of working capital invested. This represented a significant improvement compared to 2021 when the ratio was 6.06. The working capital turnover continued its upward trend in 2020 and 2019, with ratios of 8.85 and 10.67, respectively.
Overall, the increasing trend in working capital turnover from 2019 to 2022 suggests that Motorola Solutions Inc has been utilizing its working capital more efficiently to generate sales. However, without the specific data for 2023, it is challenging to draw a definitive conclusion about the company's recent performance in this aspect.
Peer comparison
Dec 31, 2023