Zebra Technologies Corporation (ZBRA)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,619,000 | 4,991,000 | 5,444,000 | 5,713,000 | 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 | 4,428,000 | 4,386,000 | 4,297,000 |
| Receivables | US$ in thousands | 584,000 | 581,000 | 683,000 | — | 794,000 | — | — | — | 760,000 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 7.91 | 8.59 | 7.97 | — | 7.28 | — | — | — | 7.39 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,619,000K ÷ $584,000K
= 7.91
The receivables turnover of Zebra Technologies Corp. has generally shown an improving trend over the past eight quarters. The ratio has ranged from a low of 6.14 in Q2 2022 to a high of 8.74 in Q3 2023, indicating the number of times Zebra Technologies Corp. converted its accounts receivable into cash during each period.
A higher receivables turnover ratio suggests that the company is collecting its accounts receivable more efficiently. This indicates that Zebra Technologies Corp. is able to collect payment from its customers at a faster rate, which is a positive indicator of its liquidity and efficient management of credit sales.
Overall, the upward trend in the receivables turnover ratio indicates an improvement in Zebra Technologies Corp.'s accounts receivable management, which is a favorable signal for its financial health and operational efficiency.
Peer comparison
Dec 31, 2023