Zebra Technologies Corporation (ZBRA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,827,000 | 4,428,000 | 4,375,000 | 4,583,000 | 4,955,000 | 5,408,000 | 5,677,000 | 5,778,000 | 5,803,000 | 5,831,000 | 5,738,000 | 5,617,000 | 5,453,000 | 5,155,000 | 4,733,000 | 4,433,000 | 4,317,000 | 4,320,000 | 4,469,000 | 4,483,000 |
| Receivables | US$ in thousands | 712,000 | 709,000 | 635,000 | 584,000 | 581,000 | 683,000 | — | 794,000 | — | — | — | 760,000 | — | — | — | — | — | — | — | — |
| Receivables turnover | 6.78 | 6.25 | 6.89 | 7.85 | 8.53 | 7.92 | — | 7.28 | — | — | — | 7.39 | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,827,000K ÷ $712,000K
= 6.78
The receivables turnover ratio of Zebra Technologies Corporation experienced significant fluctuations over the period from December 31, 2019, to December 31, 2024.
During this period, the receivables turnover was not available for analysis until the end of December 2021. This could indicate potential issues with the accounts receivable management or data availability in the earlier periods.
From December 31, 2021, to March 31, 2024, the receivables turnover ratio varied between 6.89 and 8.53. The peak of 8.53 on September 30, 2023, suggests that Zebra Technologies Corporation was able to collect its outstanding receivables relatively faster compared to the other periods within the data range.
However, the ratio dropped to 6.25 on September 30, 2024, before slightly recovering to 6.78 by December 31, 2024. These fluctuations indicate potential changes in the credit policies, collection procedures, or overall sales patterns of the company during these specific periods.
Overall, further analysis of the company's accounts receivable management practices and efficiency in collecting outstanding balances is recommended to understand the reasons behind the fluctuations in the receivables turnover ratio over the analyzed period.
Peer comparison
Dec 31, 2024