Zebra Technologies Corporation (ZBRA)
Working capital 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 current assets | US$ in thousands | 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 | 1,231,000 | 1,188,000 | 1,142,000 |
| Total current liabilities | US$ in thousands | 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 | 1,306,000 | 1,200,000 | 1,146,000 |
| Working capital turnover | 62.42 | 55.46 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,619,000K ÷ ($1,672,000K – $1,598,000K)
= 62.42
Based on the limited data available for Zebra Technologies Corp., the working capital turnover ratio has shown a positive trend over the most recent quarters. In Q4 2023, the working capital turnover ratio was reported at 61.95, indicating that the company generated significant sales revenue relative to its investment in working capital during that period.
However, as data for the previous quarters is not provided, it is challenging to assess the overall trend and performance consistently. Additional information from previous quarters would be necessary to make a more thorough analysis of the working capital turnover ratio and its implications for Zebra Technologies Corp.'s operational efficiency and management of working capital.
Peer comparison
Dec 31, 2023