Zebra Technologies Corporation (ZBRA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 481,000 | 667,000 | 881,000 | 542,000 | 529,000 | 492,000 | 527,000 | 919,000 | 979,000 | 987,000 | 900,000 | 772,000 | 651,000 | 608,000 | 643,000 | 684,000 | 692,000 | 683,000 | 660,000 | 625,000 |
| 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 |
| Operating ROA | 6.58% | 9.10% | 11.82% | 7.25% | 7.03% | 6.61% | 7.14% | 14.99% | 15.75% | 16.83% | 16.09% | 14.27% | 12.11% | 11.59% | 13.96% | 15.07% | 14.69% | 14.51% | 14.04% | 13.66% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $481,000K ÷ $7,306,000K
= 6.58%
Zebra Technologies Corp.'s operating return on assets (operating ROA) has exhibited some fluctuations over the past eight quarters. The trend shows a general decline from Q1 2022 to Q4 2023, with the operating ROA ranging from 15.57% in Q1 2022 to 8.01% in Q4 2023. Despite this decrease, the company maintained relatively strong performance, with the operating ROA consistently above 8% across all quarters.
The highest operating ROA was observed in Q1 2022 at 15.57%, which indicates the effectiveness of the company in generating operating profits relative to its total assets during that period. Subsequently, there was a decline in the operating ROA, reaching its lowest point in Q4 2023 at 8.01%. This downward trend may raise concerns about the company's ability to efficiently utilize its assets to generate operating income.
Overall, while Zebra Technologies Corp. has experienced fluctuations in its operating ROA over the past eight quarters, its ability to maintain a percentage above 8% signals a generally solid operational performance. However, it is essential for stakeholders to monitor the trend closely to ensure sustained profitability and efficient asset utilization in the future.
Peer comparison
Dec 31, 2023