Zebra Technologies Corporation (ZBRA)
Payables 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 |
| Payables | US$ in thousands | 633,000 | 533,000 | 467,000 | 456,000 | 433,000 | 562,000 | 602,000 | 811,000 | 835,000 | 827,000 | 691,000 | 700,000 | 609,000 | 597,000 | 573,000 | 601,000 | 546,000 | 503,000 | 447,000 | 552,000 |
| Payables turnover | 5.76 | 6.56 | 7.42 | 7.94 | 9.01 | 7.28 | 7.14 | 5.36 | 5.20 | 5.28 | 6.17 | 5.88 | 6.50 | 6.31 | 6.14 | 5.62 | 6.09 | 6.54 | 7.56 | 6.13 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,644,000K ÷ $633,000K
= 5.76
The payables turnover ratio of Zebra Technologies Corporation has shown some fluctuations over the period from December 31, 2019, to December 31, 2024. This ratio measures how efficiently the company is managing its accounts payable by calculating how many times during a period the payables are paid off.
Starting at 6.13 on December 31, 2019, the ratio improved to 7.56 on March 31, 2020, before fluctuating between 6.09 and 6.54 until September 30, 2020. The ratio decreased to 5.62 by December 31, 2020, but gradually increased to 6.31 by June 30, 2021. However, it then slightly declined to 5.88 by December 31, 2021.
The ratio increased again to 6.17 by March 31, 2022, before dropping significantly to 5.28 by June 30, 2022. There was a further decrease to 5.20 by September 30, 2022, followed by a slight rise to 5.36 by December 31, 2022.
By March 31, 2023, the ratio increased notably to 7.14 and continued to rise to 9.01 by September 30, 2023, suggesting that the company was managing its payables more efficiently during this period. The ratio slightly decreased to 7.94 by December 31, 2023, and remained relatively stable around 7.42 by March 31, 2024.
Finally, by September 30, 2024, the payables turnover ratio decreased once again to 6.56 and further dropped to 5.76 by December 31, 2024. It is important for the company to closely monitor this ratio to ensure it is effectively managing its payables and maintaining good relationships with its suppliers.
Peer comparison
Dec 31, 2024