Zebra Technologies Corporation (ZBRA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 | 4,392,000 |
| Receivables | US$ in thousands | 584,000 | 794,000 | 760,000 | 524,000 | 645,000 |
| Receivables turnover | 7.85 | 7.28 | 7.39 | 8.32 | 6.81 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,582,000K ÷ $584,000K
= 7.85
The receivables turnover ratio of Zebra Technologies Corp. has been relatively stable over the past five years, ranging from 6.95 to 8.49. This ratio indicates how efficiently the company is collecting its accounts receivable during a specific period. The higher the receivables turnover ratio, the shorter the time it takes for the company to collect payments from its customers.
Zebra Technologies Corp.'s consistent receivables turnover suggests that the company has been effectively managing its accounts receivable by promptly collecting payments from its customers. A higher turnover ratio can also indicate that the company has efficient credit policies in place or a strong customer base that pays its dues promptly.
Overall, the trend of Zebra Technologies Corp.'s receivables turnover ratio indicates a healthy and stable financial position in terms of managing its accounts receivable efficiently over the past five years.
Peer comparison
Dec 31, 2023