Zebra Technologies Corporation (ZBRA)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,827,000 | 4,428,000 | 4,375,000 | 4,583,000 | 4,955,000 | 5,408,000 | 5,677,000 | 5,778,000 | 5,803,000 | 5,831,000 | 5,738,000 | 5,617,000 | 5,453,000 | 5,155,000 | 4,733,000 | 4,433,000 | 4,317,000 | 4,320,000 | 4,469,000 | 4,483,000 |
| Property, plant and equipment | US$ in thousands | 305,000 | 302,000 | 304,000 | 309,000 | 302,000 | 301,000 | 280,000 | 278,000 | 272,000 | 265,000 | 271,000 | 272,000 | 274,000 | 270,000 | 269,000 | 274,000 | 265,000 | 252,000 | 257,000 | 259,000 |
| Fixed asset turnover | 15.83 | 14.66 | 14.39 | 14.83 | 16.41 | 17.97 | 20.28 | 20.78 | 21.33 | 22.00 | 21.17 | 20.65 | 19.90 | 19.09 | 17.59 | 16.18 | 16.29 | 17.14 | 17.39 | 17.31 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,827,000K ÷ $305,000K
= 15.83
The fixed asset turnover ratio measures how efficiently a company is generating revenue from its fixed assets. For Zebra Technologies Corporation, the fixed asset turnover has been showing a generally positive trend from December 2019 to December 2024, although it has shown some fluctuations over the periods examined.
The fixed asset turnover ratio for Zebra Technologies Corporation started at 17.31 in December 2019 and increased gradually to reach a peak of 22.00 in June 2022. This indicates that the company was able to generate $22.00 in revenue for every dollar invested in fixed assets during that period.
However, from June 2022 to December 2024, the fixed asset turnover ratio experienced a decline, dropping to 15.83 by December 2024. This could signal a decrease in the company's ability to efficiently generate revenue from its fixed assets during this time frame.
Overall, the fixed asset turnover ratio for Zebra Technologies Corporation has shown variability but generally remained at relatively high levels, indicating that the company has been effectively utilizing its fixed assets to generate revenue, despite some fluctuations in efficiency over the periods analyzed.
Peer comparison
Dec 31, 2024