Zebra Technologies Corporation (ZBRA)
Working capital 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 current assets | US$ in thousands | 1,672,000 | 1,883,000 | 1,689,000 | 1,273,000 | 1,195,000 |
| Total current liabilities | US$ in thousands | 1,598,000 | 2,332,000 | 1,800,000 | 1,851,000 | 1,404,000 |
| Working capital turnover | 61.92 | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,582,000K ÷ ($1,672,000K – $1,598,000K)
= 61.92
Based on the data provided, we observe that Zebra Technologies Corp. reported a working capital turnover ratio of 61.95 as of December 31, 2023. Unfortunately, there are no values available for the previous years to conduct a trend analysis or comparison. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue. A higher ratio indicates that the company is generating more revenue per dollar of working capital invested. In this case, the high ratio of 61.95 suggests that Zebra Technologies Corp. effectively managed its working capital to support sales in the most recent period. Without historical context, it is challenging to assess the trend or analyze the relative performance of the company in managing its working capital turnover over time.
Peer comparison
Dec 31, 2023