Zebra Technologies Corporation (ZBRA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,644,000 | 3,496,000 | 3,463,000 | 3,620,000 | 3,901,000 | 4,093,000 | 4,296,000 | 4,346,000 | 4,344,000 | 4,369,000 | 4,265,000 | 4,116,000 | 3,957,000 | 3,768,000 | 3,518,000 | 3,379,000 | 3,325,000 | 3,291,000 | 3,381,000 | 3,382,000 |
| Inventory | US$ in thousands | 693,000 | 639,000 | 705,000 | 804,000 | 848,000 | 864,000 | 835,000 | 860,000 | 814,000 | 632,000 | 469,000 | 491,000 | 438,000 | 485,000 | 528,000 | 511,000 | 484,000 | 513,000 | 443,000 | 474,000 |
| Inventory turnover | 5.26 | 5.47 | 4.91 | 4.50 | 4.60 | 4.74 | 5.14 | 5.05 | 5.34 | 6.91 | 9.09 | 8.38 | 9.03 | 7.77 | 6.66 | 6.61 | 6.87 | 6.42 | 7.63 | 7.14 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,644,000K ÷ $693,000K
= 5.26
Zebra Technologies Corporation's inventory turnover has shown fluctuations over the reported periods. Inventory turnover is a metric that reflects how effectively a company manages its inventory levels by generating sales from its inventory.
From December 31, 2019, to June 30, 2021, the inventory turnover remained relatively stable between 6.42 and 7.77. This indicates that Zebra Technologies was able to sell and replace its inventory efficiently during this period.
However, there was a notable increase in inventory turnover from September 30, 2021, to March 31, 2022, reaching a peak of 9.09. This implies that the company was able to turn over its inventory at a faster rate during this period, which can be a positive sign of strong sales performance.
Subsequently, from June 30, 2022, to December 31, 2024, there was a decline in inventory turnover, dropping to as low as 4.50 by December 31, 2023. This decreasing trend suggests that Zebra Technologies may have had slower sales relative to its inventory levels during this period.
Overall, while the inventory turnover has shown fluctuations, it is essential for the company to strike a balance between maintaining optimal inventory levels and ensuring efficient sales performance to support its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024