Total Asset Turnover
since 2005
Calculation
Motorola Solutions Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.75 | = | 9,978) | ÷ | 13,336) |
| Dec 31, 2022 | 0.71 | = | 9,112) | ÷ | 12,814) |
| Dec 31, 2021 | 0.67 | = | 8,171) | ÷ | 12,189) |
| Dec 31, 2020 | 0.68 | = | 7,414) | ÷ | 10,876) |
| Dec 31, 2019 | 0.74 | = | 7,887) | ÷ | 10,642) |
| Dec 31, 2018 | 0.78 | = | 7,343) | ÷ | 9,409) |
| Dec 31, 2017 | 0.78 | = | 6,380) | ÷ | 8,208) |
| Dec 31, 2016 | 0.71 | = | 6,038) | ÷ | 8,463) |
| Dec 31, 2015 | 0.68 | = | 5,695) | ÷ | 8,387) |
| Dec 31, 2014 | 0.56 | = | 5,881) | ÷ | 10,423) |
| Dec 31, 2013 | 0.73 | = | 8,696) | ÷ | 11,851) |
| Dec 31, 2012 | 0.69 | = | 8,698) | ÷ | 12,679) |
| Dec 31, 2011 | 0.59 | = | 8,203) | ÷ | 13,929) |
| Dec 31, 2010 | 0.75 | = | 19,282) | ÷ | 25,577) |
| Dec 31, 2009 | 0.86 | = | 22,044) | ÷ | 25,603) |
| Dec 31, 2008 | 1.08 | = | 30,146) | ÷ | 27,869) |
| Dec 31, 2007 | 1.05 | = | 36,622) | ÷ | 34,812) |
| Dec 31, 2006 | 1.11 | = | 42,879) | ÷ | 38,593) |
| Dec 31, 2005 | 1.03 | = | 36,843) | ÷ | 35,649) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The total asset turnover ratio exhibits three distinct phases from 2005 to 2023: a period of high efficiency at a large scale, a sharp structural contraction characterized by declining efficiency, and a subsequent phase of stabilization and modest recovery.
- High-Scale Operational Efficiency (2005–2008)
- During this initial period, the organization maintained its highest levels of asset utilization, with turnover ratios consistently remaining above 1.0. A peak efficiency of 1.11 was reached in 2006, supported by net sales of 42,879 million USD. This phase indicates a period where the asset base was highly productive in generating revenue.
- Structural Contraction and Decline (2009–2011)
- A significant downward trend is observed starting in 2009, coinciding with a precipitous decline in both net sales and total assets. Net sales fell from 30,146 million USD in 2008 to 8,203 million USD by 2011. Because the reduction in revenue outpaced the reduction in the asset base, the total asset turnover ratio plummeted, reaching a low of 0.59 in 2011, signaling a marked decrease in asset productivity.
- Stabilization and Gradual Recovery (2012–2023)
- Following the 2011 low, the asset turnover ratio entered a phase of relative stability, generally fluctuating between 0.56 and 0.78. A recovery trend is evident between 2014 and 2018, where the ratio rose from 0.56 to 0.78. In the final five years of the analyzed period, net sales grew steadily from 7,887 million USD in 2018 to 9,978 million USD in 2023. Although total assets increased from 9,409 million USD to 13,336 million USD during this time, the asset turnover ratio remained resilient, ending at 0.75 in 2023.
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Comparison to Competitors
Motorola Solutions Inc., total asset turnover, long-term trends, comparison to competitors
| Motorola Solutions Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 0.75 | 1.09 | 0.59 | 0.56 | 1.14 | 0.38 | 1.94 |
| Dec 31, 2022 | 0.71 | 1.12 | 0.65 | 0.55 | 1.09 | 0.41 | 1.62 |
| Dec 31, 2021 | 0.67 | 1.04 | 0.51 | 0.51 | 0.76 | 0.49 | 1.59 |
| Dec 31, 2020 | 0.68 | 0.85 | 0.49 | 0.52 | 0.78 | 0.51 | 1.74 |
| Dec 31, 2019 | 0.74 | 0.77 | 0.58 | 0.53 | 0.81 | 0.58 | 2.08 |
| Dec 31, 2018 | 0.78 | 0.73 | 0.70 | 0.45 | — | 0.79 | 1.90 |
| Dec 31, 2017 | 0.78 | 0.61 | 0.67 | 0.37 | — | 0.81 | 1.64 |
| Dec 31, 2016 | 0.71 | 0.67 | 0.65 | 0.40 | — | 1.24 | 1.90 |
| Dec 31, 2015 | 0.68 | 0.80 | 0.72 | 0.43 | — | 1.63 | 1.83 |
| Dec 31, 2014 | 0.56 | 0.79 | 0.72 | 0.45 | — | — | 1.84 |
| Dec 31, 2013 | 0.73 | 0.83 | — | 0.48 | — | — | 1.84 |
| Dec 31, 2012 | 0.69 | 0.89 | — | 0.50 | — | — | 1.72 |
| Dec 31, 2011 | 0.59 | 0.93 | — | 0.50 | — | — | 2.03 |
| Dec 31, 2010 | 0.75 | 0.87 | — | 0.49 | — | — | 1.95 |
| Dec 31, 2009 | 0.86 | 0.68 | — | 0.53 | — | — | 1.79 |
| Dec 31, 2008 | 1.08 | 0.82 | — | 0.67 | — | — | 2.04 |
| Dec 31, 2007 | 1.05 | 0.95 | — | 0.65 | — | — | 2.04 |
| Dec 31, 2006 | 1.11 | 1.12 | — | 0.66 | — | — | — |
| Dec 31, 2005 | 1.03 | 1.21 | — | 0.73 | — | — | — |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Motorola Solutions Inc., total asset turnover, long-term trends, comparison to sector (technology hardware & equipment)
| Motorola Solutions Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 31, 2023 | 0.75 | 0.99 |
| Dec 31, 2022 | 0.71 | 1.01 |
| Dec 31, 2021 | 0.67 | 0.89 |
| Dec 31, 2020 | 0.68 | 0.77 |
| Dec 31, 2019 | 0.74 | 0.74 |
| Dec 31, 2018 | 0.78 | 0.67 |
| Dec 31, 2017 | 0.78 | 0.55 |
| Dec 31, 2016 | 0.71 | 0.60 |
| Dec 31, 2015 | 0.68 | 0.70 |
| Dec 31, 2014 | 0.56 | 0.69 |
| Dec 31, 2013 | 0.73 | 0.71 |
| Dec 31, 2012 | 0.69 | 0.76 |
| Dec 31, 2011 | 0.59 | 0.75 |
| Dec 31, 2010 | 0.75 | 0.68 |
| Dec 31, 2009 | 0.86 | 0.60 |
| Dec 31, 2008 | 1.08 | 0.74 |
| Dec 31, 2007 | 1.05 | 0.75 |
| Dec 31, 2006 | 1.11 | 0.79 |
| Dec 31, 2005 | 1.03 | 0.85 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Motorola Solutions Inc., total asset turnover, long-term trends, comparison to industry (information technology)
| Motorola Solutions Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 0.75 | 0.61 |
| Dec 31, 2022 | 0.71 | 0.64 |
| Dec 31, 2021 | 0.67 | 0.62 |
| Dec 31, 2020 | 0.68 | 0.58 |
| Dec 31, 2019 | 0.74 | 0.59 |
| Dec 31, 2018 | 0.78 | 0.59 |
| Dec 31, 2017 | 0.78 | 0.51 |
| Dec 31, 2016 | 0.71 | 0.55 |
| Dec 31, 2015 | 0.68 | 0.63 |
| Dec 31, 2014 | 0.56 | 0.64 |
| Dec 31, 2013 | 0.73 | 0.66 |
| Dec 31, 2012 | 0.69 | 0.70 |
| Dec 31, 2011 | 0.59 | 0.73 |
| Dec 31, 2010 | 0.75 | 0.72 |
| Dec 31, 2009 | 0.86 | 0.69 |
| Dec 31, 2008 | 1.08 | 0.79 |
| Dec 31, 2007 | 1.05 | 0.76 |
| Dec 31, 2006 | 1.11 | 0.75 |
| Dec 31, 2005 | 1.03 | 0.76 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).