Zebra Technologies Corporation (ZBRA)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,986,000 | 4,582,000 | 5,778,000 | 5,619,000 | 4,359,000 |
| Total current assets | US$ in thousands | 2,440,000 | 1,672,000 | 1,883,000 | 1,689,000 | 1,273,000 |
| Total current liabilities | US$ in thousands | 1,704,000 | 1,598,000 | 2,332,000 | 1,800,000 | 1,851,000 |
| Working capital turnover | 6.77 | 61.92 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,986,000K ÷ ($2,440,000K – $1,704,000K)
= 6.77
The working capital turnover ratio for Zebra Technologies Corporation shows a significant fluctuation over the years. In 2023, the ratio stood at an impressive 61.92, indicating that the company generated $61.92 in revenue for every dollar of working capital invested. This suggests efficient utilization of working capital to drive sales. However, in 2024, the ratio dropped to 6.77, signaling a decline in the efficiency of working capital turnover. This may imply that the company has not been as effective in generating revenue relative to its working capital investment in that period. Overall, Zebra Technologies Corporation should monitor its working capital turnover closely to ensure optimal efficiency in managing its current assets and liabilities.
Peer comparison
Dec 31, 2024