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 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Net fixed asset turnover 10.56 10.65 10.35 10.57 10.33 10.13 9.83 10.08 8.14 7.68 7.84 7.96 7.67 7.33 7.25 7.70 7.92 8.46 7.95
Net fixed asset turnover (including operating lease, right-of-use asset) 6.88 6.84 6.84 7.11 6.83 6.71 6.45 7.25 6.02 5.65 5.74 5.70 5.41 5.10 4.98 5.19 5.36 5.43 5.10
Total asset turnover 0.78 0.77 0.75 0.79 0.79 0.76 0.71 0.75 0.72 0.71 0.67 0.71 0.71 0.72 0.68 0.73 0.74 0.74 0.74
Equity turnover 12.99 19.57 13.78 27.17 28.65 40.13 78.55

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

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 Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024.
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) deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Motorola Solutions Inc. total asset turnover ratio improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Motorola Solutions Inc. equity turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.

Net Fixed Asset Turnover

Motorola Solutions Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Net sales 2,628 2,389 2,848 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657
Property, plant and equipment, net 987 957 964 931 935 927 927 866 1,039 1,080 1,042 1,021 1,028 1,028 1,022 976 965 932 992 963 940 937
Long-term Activity Ratio
Net fixed asset turnover1 10.56 10.65 10.35 10.57 10.33 10.13 9.83 10.08 8.14 7.68 7.84 7.96 7.67 7.33 7.25 7.70 7.92 8.46 7.95
Benchmarks
Net Fixed Asset Turnover, Competitors2
Apple Inc. 8.76 8.83 8.77 8.82 8.87 9.02 9.36 9.61 9.82 9.64 9.28 8.99 8.61 7.75 7.47 7.67 7.47 7.23 6.96
Arista Networks Inc. 65.55 62.08 57.69 54.54 51.74 49.98 46.11 40.75 38.14 36.13 37.49 36.78 81.23 75.84 71.90 68.00 64.39 61.85 61.38
Cisco Systems Inc. 28.55 28.96 27.34 26.82 27.07 26.52 25.82 25.21 24.09 22.69 21.31 20.64 20.13 19.93 20.10 19.95 19.67 19.48 18.61
Super Micro Computer Inc. 31.14 25.34 24.54 22.67 22.98 20.69 18.17 16.40 14.88 13.47 12.95 12.74 12.77 13.65 14.28 14.31 14.82 15.67 16.88

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q2 2024 Calculation
Net fixed asset turnover = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Property, plant and equipment, net
= (2,628 + 2,389 + 2,848 + 2,556) ÷ 987 = 10.56

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 Q4 2023 to Q1 2024 but then slightly deteriorated from Q1 2024 to Q2 2024.

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 (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Net sales 2,628 2,389 2,848 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657
 
Property, plant and equipment, net 987 957 964 931 935 927 927 866 1,039 1,080 1,042 1,021 1,028 1,028 1,022 976 965 932 992 963 940 937
Right-of-use operating lease assets 527 534 495 453 478 472 485 338 366 387 382 405 430 448 468 472 462 521 554 561 567 593
Property, plant and equipment, net (including operating lease, right-of-use asset) 1,514 1,491 1,459 1,384 1,413 1,399 1,412 1,204 1,405 1,467 1,424 1,426 1,458 1,476 1,490 1,448 1,427 1,453 1,546 1,524 1,507 1,530
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 6.88 6.84 6.84 7.11 6.83 6.71 6.45 7.25 6.02 5.65 5.74 5.70 5.41 5.10 4.98 5.19 5.36 5.43 5.10

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q2 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (2,628 + 2,389 + 2,848 + 2,556) ÷ 1,514 = 6.88

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) deteriorated from Q4 2023 to Q1 2024 but then improved from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Total Asset Turnover

Motorola Solutions Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Net sales 2,628 2,389 2,848 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657
Total assets 13,345 13,326 13,336 12,436 12,252 12,353 12,814 11,625 11,672 11,649 12,189 11,422 11,131 10,423 10,876 10,361 10,374 10,716 10,642 10,373 9,974 9,993
Long-term Activity Ratio
Total asset turnover1 0.78 0.77 0.75 0.79 0.79 0.76 0.71 0.75 0.72 0.71 0.67 0.71 0.71 0.72 0.68 0.73 0.74 0.74 0.74
Benchmarks
Total Asset Turnover, Competitors2
Apple Inc. 1.13 1.09 1.09 1.15 1.16 1.12 1.12 1.15 1.10 0.99 1.04 1.05 0.97 0.83 0.85 0.86 0.84 0.79 0.77
Arista Networks Inc. 0.54 0.58 0.59 0.62 0.64 0.64 0.65 0.64 0.60 0.52 0.51 0.51 0.50 0.50 0.49 0.50 0.52 0.57 0.58
Cisco Systems Inc. 0.57 0.59 0.56 0.56 0.55 0.56 0.55 0.56 0.55 0.53 0.51 0.52 0.50 0.51 0.52 0.55 0.57 0.56 0.53
Super Micro Computer Inc. 1.71 1.80 1.94 2.06 2.16 1.82 1.62 1.51 1.56 1.58 1.59 1.69 1.72 1.82 1.74 1.68 1.81 1.96 2.08

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q2 2024 Calculation
Total asset turnover = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Total assets
= (2,628 + 2,389 + 2,848 + 2,556) ÷ 13,345 = 0.78

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 Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Equity Turnover

Motorola Solutions Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Jun 29, 2024 Mar 30, 2024 Dec 31, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 31, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Selected Financial Data (US$ in millions)
Net sales 2,628 2,389 2,848 2,556 2,403 2,171 2,707 2,373 2,140 1,892 2,320 2,107 1,971 1,773 2,273 1,868 1,618 1,655 2,376 1,994 1,860 1,657
Total Motorola Solutions, Inc. stockholders’ equity (deficit) 802 521 724 362 337 234 116 (408) (443) (316) (40) (263) (358) (496) (558) (756) (830) (948) (700) (1,101) (970) (1,108)
Long-term Activity Ratio
Equity turnover1 12.99 19.57 13.78 27.17 28.65 40.13 78.55
Benchmarks
Equity Turnover, Competitors2
Apple Inc. 5.14 5.21 6.17 6.37 6.20 6.83 7.78 6.67 5.73 5.26 5.80 5.40 4.70 4.44 4.20 3.79 3.42 2.99 2.88
Arista Networks Inc. 0.75 0.77 0.81 0.86 0.90 0.91 0.90 0.90 0.87 0.76 0.74 0.72 0.71 0.71 0.70 0.72 0.75 0.82 0.83
Cisco Systems Inc. 1.24 1.28 1.29 1.30 1.28 1.30 1.30 1.28 1.31 1.19 1.21 1.21 1.23 1.26 1.30 1.42 1.45 1.51 1.55
Super Micro Computer Inc. 3.01 3.41 3.61 3.72 3.65 3.70 3.64 3.63 3.51 3.38 3.25 3.21 3.06 3.08 3.13 3.18 3.26 3.43 3.72

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

1 Q2 2024 Calculation
Equity turnover = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ Total Motorola Solutions, Inc. stockholders’ equity (deficit)
= (2,628 + 2,389 + 2,848 + 2,556) ÷ 802 = 12.99

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Motorola Solutions Inc. equity turnover ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024.