Stock Analysis on Net

Motorola Solutions Inc. (NYSE:MSI)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Motorola Solutions Inc., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net fixed asset turnover 10.35 9.83 7.84 7.25 7.95
Net fixed asset turnover (including operating lease, right-of-use asset) 6.84 6.45 5.74 4.98 5.10
Total asset turnover 0.75 0.71 0.67 0.68 0.74
Equity turnover 13.78 78.55

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Motorola Solutions Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Motorola Solutions Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Motorola Solutions Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover

Motorola Solutions Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 9,978 9,112 8,171 7,414 7,887
Property, plant and equipment, net 964 927 1,042 1,022 992
Long-term Activity Ratio
Net fixed asset turnover1 10.35 9.83 7.84 7.25 7.95
Benchmarks
Net Fixed Asset Turnover, Competitors2
Apple Inc. 8.77 9.36 9.28 7.47 6.96
Arista Networks Inc. 57.69 46.11 37.49 71.90 61.38
Cisco Systems Inc. 27.34 25.82 21.31 20.10 18.61
Super Micro Computer Inc. 24.54 18.17 12.95 14.28 16.88
Net Fixed Asset Turnover, Sector
Technology Hardware & Equipment 9.81 10.24 10.02 8.34 7.87
Net Fixed Asset Turnover, Industry
Information Technology 3.52 4.14 4.45 4.24 4.29

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 9,978 ÷ 964 = 10.35

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Motorola Solutions Inc. net fixed asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Motorola Solutions Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 9,978 9,112 8,171 7,414 7,887
 
Property, plant and equipment, net 964 927 1,042 1,022 992
Right-of-use operating lease assets 495 485 382 468 554
Property, plant and equipment, net (including operating lease, right-of-use asset) 1,459 1,412 1,424 1,490 1,546
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 6.84 6.45 5.74 4.98 5.10
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Apple Inc. 7.05 7.51 7.39 6.06 6.96
Arista Networks Inc. 37.21 29.52 20.50 21.16 18.98
Cisco Systems Inc. 18.65 17.19 14.51 14.61 18.61
Super Micro Computer Inc. 23.02 16.78 12.07 12.96 16.88
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Technology Hardware & Equipment 7.83 8.13 7.91 6.71 7.85
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Information Technology 3.09 3.59 3.79 3.60 4.00

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 9,978 ÷ 1,459 = 6.84

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Motorola Solutions Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 and from 2022 to 2023.

Total Asset Turnover

Motorola Solutions Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 9,978 9,112 8,171 7,414 7,887
Total assets 13,336 12,814 12,189 10,876 10,642
Long-term Activity Ratio
Total asset turnover1 0.75 0.71 0.67 0.68 0.74
Benchmarks
Total Asset Turnover, Competitors2
Apple Inc. 1.09 1.12 1.04 0.85 0.77
Arista Networks Inc. 0.59 0.65 0.51 0.49 0.58
Cisco Systems Inc. 0.56 0.55 0.51 0.52 0.53
Super Micro Computer Inc. 1.94 1.62 1.59 1.74 2.08
Total Asset Turnover, Sector
Technology Hardware & Equipment 0.97 1.00 0.92 0.77 0.72
Total Asset Turnover, Industry
Information Technology 0.59 0.63 0.61 0.57 0.58

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Total asset turnover = Net sales ÷ Total assets
= 9,978 ÷ 13,336 = 0.75

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Motorola Solutions Inc. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Equity Turnover

Motorola Solutions Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Net sales 9,978 9,112 8,171 7,414 7,887
Total Motorola Solutions, Inc. stockholders’ equity (deficit) 724 116 (40) (558) (700)
Long-term Activity Ratio
Equity turnover1 13.78 78.55
Benchmarks
Equity Turnover, Competitors2
Apple Inc. 6.17 7.78 5.80 4.20 2.88
Arista Networks Inc. 0.81 0.90 0.74 0.70 0.83
Cisco Systems Inc. 1.29 1.30 1.21 1.30 1.55
Super Micro Computer Inc. 3.61 3.64 3.25 3.13 3.72
Equity Turnover, Sector
Technology Hardware & Equipment 3.92 4.71 3.86 3.06 2.49
Equity Turnover, Industry
Information Technology 1.44 1.60 1.66 1.64 1.65

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Equity turnover = Net sales ÷ Total Motorola Solutions, Inc. stockholders’ equity (deficit)
= 9,978 ÷ 724 = 13.78

2 Click competitor name to see calculations.