Zebra Technologies Corporation (ZBRA)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 | 4,392,000 |
| Property, plant and equipment | US$ in thousands | 309,000 | 278,000 | 272,000 | 274,000 | 259,000 |
| Fixed asset turnover | 14.83 | 20.78 | 20.66 | 15.91 | 16.96 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,582,000K ÷ $309,000K
= 14.83
The fixed asset turnover ratio of Zebra Technologies Corp. has exhibited fluctuations over the past five years. In 2023, the ratio stands at 14.83, representing a decrease from the previous year's ratio of 20.79. This suggests that the company generated $14.83 in net sales for every dollar invested in fixed assets during the year. While the ratio has decreased compared to the prior year, it remains relatively high compared to historical data.
The trend in fixed asset turnover suggests that Zebra Technologies Corp. effectively utilizes its fixed assets to generate sales revenue. However, the decrease in the ratio from 2022 to 2023 may indicate potential challenges in optimizing the efficiency of fixed asset utilization. Further analysis is recommended to understand the underlying factors contributing to this change and to assess the company's asset management efficiency comprehensively.
Peer comparison
Dec 31, 2023