Zebra Technologies Corporation (ZBRA)
Payables 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 |
| Payables | US$ in thousands | 456,000 | 811,000 | 700,000 | 601,000 | 552,000 |
| Payables turnover | 8.02 | 5.40 | 5.93 | 5.68 | 6.19 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $3,656,000K ÷ $456,000K
= 8.02
The payables turnover ratio for Zebra Technologies Corp. has shown fluctuations over the past five years. It increased from 4.32 in 2019 to 4.28 in 2021, indicating that the company was able to turn over its accounts payables slightly more frequently. However, in 2022, the ratio decreased to 3.89, suggesting a potential slowdown in the company's ability to efficiently manage its accounts payables.
The most recent data for 2023 shows a significant improvement in the payables turnover ratio to 5.40, indicating that Zebra Technologies Corp. has strengthened its management of accounts payables and is now able to pay off its suppliers more frequently compared to the previous year.
Overall, a higher payables turnover ratio signifies better efficiency in managing payables and indicates that the company is able to effectively control its credit purchases and payment cycles. This improvement in the payables turnover ratio for Zebra Technologies Corp. in 2023 is a positive sign of the company's ability to optimize its working capital management.
Peer comparison
Dec 31, 2023