Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Motorola Solutions Inc., long-term (investment) activity ratios (quarterly data)
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)
| 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 | 6.88 | 6.67 | 6.61 | |||||||
| 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)
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)
| 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 | 0.80 | 0.76 | 0.70 | |||||||
| 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)
| 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 | 2.69 | 2.44 | 2.22 | |||||||
| 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. |