Zebra Technologies Corporation (ZBRA)
Total asset 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 |
| Total assets | US$ in thousands | 7,968,000 | 7,690,000 | 7,259,000 | 7,306,000 | 7,331,000 | 7,456,000 | 7,474,000 | 7,529,000 | 7,448,000 | 7,385,000 | 6,129,000 | 6,215,000 | 5,865,000 | 5,593,000 | 5,411,000 | 5,375,000 | 5,245,000 | 4,607,000 | 4,540,000 | 4,711,000 |
| Total asset turnover | 0.61 | 0.58 | 0.60 | 0.63 | 0.68 | 0.73 | 0.76 | 0.77 | 0.78 | 0.79 | 0.94 | 0.90 | 0.93 | 0.92 | 0.87 | 0.82 | 0.82 | 0.94 | 0.98 | 0.95 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,827,000K ÷ $7,968,000K
= 0.61
The total asset turnover ratio for Zebra Technologies Corporation has shown a gradual decline over the years, starting at 0.95 on December 31, 2019, and decreasing to 0.61 by December 31, 2024. This indicates that the company's efficiency in generating sales revenue from its total assets has been declining over the analyzed period.
The downward trend in total asset turnover may suggest that the company has been less effective in utilizing its assets to generate revenue. A lower total asset turnover ratio can be a red flag for potential inefficiencies in asset management or possible underperformance in sales generation.
It is important for the company to further analyze the reasons behind the decreasing total asset turnover ratio and take necessary steps to improve asset utilization efficiency. This could involve strategies such as optimizing inventory management, enhancing asset turnover through better sales strategies, or evaluating the composition of the asset base to ensure it aligns with revenue generation objectives.
Peer comparison
Dec 31, 2024