Zebra Technologies Corporation (ZBRA)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,619,000 | 4,991,000 | 5,444,000 | 5,713,000 | 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 | 4,428,000 | 4,386,000 | 4,297,000 |
| Property, plant and equipment | US$ in thousands | 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 | 249,000 | 251,000 | 257,000 |
| Fixed asset turnover | 14.95 | 16.53 | 18.09 | 20.40 | 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 | 17.78 | 17.47 | 16.72 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,619,000K ÷ $309,000K
= 14.95
Based on the data provided, the fixed asset turnover ratio for Zebra Technologies Corp. has been consistently high over the past eight quarters. Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue.
The trend indicates that Zebra Technologies Corp. has been able to generate a significant amount of revenue relative to its investment in fixed assets. The ratio has shown a slight decline from Q1 2023 to Q4 2023, indicating a potential decrease in the efficiency of utilizing fixed assets to generate revenue during this period.
Overall, an average fixed asset turnover ratio of approximately 19.87 over the past eight quarters suggests that Zebra Technologies Corp. has been effectively utilizing its fixed assets to generate revenue. It is essential for the company to continue monitoring and maintaining this efficiency to ensure optimal utilization of its fixed assets in driving revenue growth.
Peer comparison
Dec 31, 2023