Zebra Technologies Corporation (ZBRA)
Total asset 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 |
| Total assets | US$ in thousands | 7,306,000 | 7,529,000 | 6,215,000 | 5,375,000 | 4,711,000 |
| Total asset turnover | 0.63 | 0.77 | 0.90 | 0.81 | 0.93 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,582,000K ÷ $7,306,000K
= 0.63
The total asset turnover of Zebra Technologies Corp. has shown a declining trend over the past five years. The ratio decreased from 0.95 in 2019 to 0.63 in 2023. This suggests that the company's ability to generate sales revenue from its total assets has weakened over time. A total asset turnover ratio of less than 1 indicates that the company is not efficiently utilizing its assets to generate revenue. Further analysis is needed to understand the factors contributing to this downward trend and to identify areas for improvement in asset management efficiency.
Peer comparison
Dec 31, 2023
Company name
Symbol
Total asset turnover
Zebra Technologies Corporation
ZBRA
0.63
Gates Industrial Corporation plc
GTES
0.49
Illinois Tool Works Inc
ITW
1.02
Ingersoll Rand Inc
IR
0.44
Zurn Elkay Water Solutions Corporation
ZWS
0.57