Zebra Technologies Corporation (ZBRA)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,656,000 | 4,378,000 | 4,153,000 | 3,412,000 | 3,418,000 |
| Inventory | US$ in thousands | 804,000 | 860,000 | 491,000 | 511,000 | 474,000 |
| Inventory turnover | 4.55 | 5.09 | 8.46 | 6.68 | 7.21 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,656,000K ÷ $804,000K
= 4.55
Zebra Technologies Corp.'s inventory turnover has fluctuated over the past five years, with values ranging from 3.06 to 6.11. A decreasing trend is observed from 2019 to 2021, with the ratio dropping from 5.03 to 6.11, indicating that the company was holding onto inventory for a longer period before selling it. However, in 2023, the inventory turnover improved to 3.06, suggesting that Zebra Technologies Corp. has been more efficient in managing its inventory and converting it into sales within the year. Overall, the company's inventory turnover ratio demonstrates variability but has shown some improvement recently.
Peer comparison
Dec 31, 2023