Zebra Technologies Corporation (ZBRA)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 4,708,000 | 4,701,000 | 4,576,000 |
| Total asset turnover | 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 | 0.94 | 0.93 | 0.94 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,619,000K ÷ $7,306,000K
= 0.63
The total asset turnover for Zebra Technologies Corp. has shown a declining trend over the past four quarters. The ratio decreased from 0.93 in Q1 2022 to 0.63 in Q4 2023. This indicates that the company generated $0.63 in revenue for every $1 of total assets in the most recent quarter, which reflects a decrease in efficiency in utilizing its assets to generate sales.
The downward trend suggests that Zebra Technologies Corp. may be experiencing challenges in generating revenue from its assets, or that its asset base is not being used as effectively to drive sales. It is important for the company to closely monitor and address this trend to improve its operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2023