Zebra Technologies Corporation (ZBRA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 296,000 | 465,000 | 650,000 | 408,000 | 463,000 | 468,000 | 497,000 | 814,000 | 837,000 | 845,000 | 762,000 | 643,000 | 504,000 | 474,000 | 494,000 | 518,000 | 544,000 | 490,000 | 481,000 | 427,000 |
| 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 |
| ROA | 4.05% | 6.34% | 8.72% | 5.46% | 6.15% | 6.28% | 6.73% | 13.28% | 13.47% | 14.41% | 13.62% | 11.88% | 9.38% | 9.04% | 10.72% | 11.41% | 11.55% | 10.41% | 10.23% | 9.33% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $296,000K ÷ $7,306,000K
= 4.05%
To analyze Zebra Technologies Corp.'s return on assets (ROA) based on the provided data, we observe fluctuations in the ROA over the past eight quarters. The ROA figures range from as low as 4.05% in Q4 2023 to as high as 13.28% in Q1 2022, indicating varying levels of efficiency in generating profits from its assets during these periods.
The highest ROA of 13.28% in Q1 2022 suggests that the company was able to generate a significant return relative to its assets in that quarter. However, this performance was not sustained, as evidenced by the subsequent declines in ROA in the following quarters.
The ROA trend shows some inconsistency, with fluctuations in performance levels. For instance, Q2 2023 and Q1 2023 registered relatively high ROA figures of 8.72% and 5.46%, respectively, indicating improved asset utilization during these periods compared to the rest.
Overall, Zebra Technologies Corp.'s ROA seems to have experienced volatility over the past two years, with varying levels of efficiency in generating profits from its assets. Further analysis of the company's financial and operational activities may be required to understand the factors contributing to the fluctuations in ROA.
Peer comparison
Dec 31, 2023