Zebra Technologies Corporation (ZBRA)
Working capital 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 current assets | US$ in thousands | 2,440,000 | 2,133,000 | 1,627,000 | 1,672,000 | 1,652,000 | 1,753,000 | 1,818,000 | 1,883,000 | 1,871,000 | 1,806,000 | 1,569,000 | 1,689,000 | 1,524,000 | 1,526,000 | 1,343,000 | 1,273,000 | 1,192,000 | 1,094,000 | 1,051,000 | 1,195,000 |
| Total current liabilities | US$ in thousands | 1,704,000 | 1,562,000 | 1,643,000 | 1,598,000 | 1,562,000 | 1,770,000 | 2,074,000 | 2,332,000 | 2,073,000 | 2,113,000 | 1,799,000 | 1,800,000 | 1,581,000 | 1,550,000 | 1,546,000 | 1,851,000 | 1,765,000 | 1,389,000 | 1,237,000 | 1,404,000 |
| Working capital turnover | 6.56 | 7.75 | — | 61.93 | 55.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,827,000K ÷ ($2,440,000K – $1,704,000K)
= 6.56
The working capital turnover ratio for Zebra Technologies Corporation has shown variability over the years in consideration. As of September 30, 2023, the working capital turnover was calculated to be 55.06, indicating the company generated $55.06 in revenue for every dollar of working capital invested during that period.
However, the ratio saw a significant decline by December 31, 2024, decreasing to 6.56. This suggests that the company was less efficient in utilizing its working capital to generate revenue by the end of 2024, indicating a potential decrease in operational efficiency or a change in the working capital management strategy.
It is essential for Zebra Technologies Corporation to closely monitor and analyze its working capital turnover ratio trend to ensure optimal utilization of working capital resources and maintain operational efficiency in the future.
Peer comparison
Dec 31, 2024