Zebra Technologies Corporation (ZBRA)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,744,000 | 3,656,000 | 4,378,000 | 4,153,000 | 3,412,000 |
| Inventory | US$ in thousands | 693,000 | 804,000 | 860,000 | 491,000 | 511,000 |
| Inventory turnover | 5.40 | 4.55 | 5.09 | 8.46 | 6.68 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,744,000K ÷ $693,000K
= 5.40
Based on the inventory turnover data provided for Zebra Technologies Corporation, the trend indicates fluctuations over the years. The inventory turnover ratio represents the efficiency of the company in managing its inventory levels.
- In December 2020, the inventory turnover ratio was 6.68, suggesting that the company turned over its inventory approximately 6.68 times during that period.
- By December 2021, the ratio increased to 8.46, indicating a more efficient management of inventory turnover.
- However, in December 2022, there was a decrease in the ratio to 5.09, which may imply that the company faced challenges in managing its inventory efficiently during that period.
- This trend continued in December 2023 with a further decrease to 4.55, reflecting potential issues with inventory management.
- In December 2024, there was a slight improvement as the ratio increased to 5.40, but it remained below the level observed in December 2021.
Overall, the inventory turnover ratio for Zebra Technologies Corporation has shown variability, with fluctuations in the efficiency of inventory management over the years. It is essential for the company to monitor and improve its inventory turnover to ensure optimal utilization of resources and maintain healthy operating performance.
Peer comparison
Dec 31, 2024