Zebra Technologies Corporation (ZBRA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,986,000 | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 |
| Property, plant and equipment | US$ in thousands | 305,000 | 309,000 | 278,000 | 272,000 | 274,000 |
| Fixed asset turnover | 16.35 | 14.83 | 20.78 | 20.66 | 15.91 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,986,000K ÷ $305,000K
= 16.35
The fixed asset turnover ratio for Zebra Technologies Corporation has shown fluctuations over the years based on the provided data. The ratio increased steadily from 15.91 in December 31, 2020, to 20.78 in December 31, 2022, indicating that the company has been generating more revenue relative to its investment in fixed assets during this period.
However, there was a slight decline in the fixed asset turnover to 14.83 in December 31, 2023, which may suggest a temporary decrease in efficiency in utilizing fixed assets to generate sales.
Subsequently, the ratio improved to 16.35 as of December 31, 2024, showing a recovery in the efficiency of utilizing fixed assets. Overall, Zebra Technologies Corporation has generally exhibited a solid performance in efficiently generating revenue from its fixed assets, with some variations observed across the years.
Peer comparison
Dec 31, 2024