ZBRA (Zebra Technologies) Inventory Turnover: 1.06 (As of Mar. 2026)

What is Zebra Technologies Inventory Turnover?

Zebra Technologies ZBRA -0.29% 78 Inventory Turnover is 1.06 as of Mar. 2026. GuruFocus rates ZBRA with a GF Score™ of 78/100 and a GF Value™ of $335.29 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Zebra Technologies's Cost of Goods Sold for the three months ended in Mar. 2026 was $753 Mil. Zebra Technologies's Average Total Inventories for the quarter that ended in Mar. 2026 was $711 Mil. Zebra Technologies's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zebra Technologies's Days Inventory for the three months ended in Mar. 2026 was 86.10.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Zebra Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.48.

Zebra Technologies (NAS:ZBRA) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Zebra Technologies's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	710.5	/	753	*	365 / 4
	=	86.10

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Zebra Technologies's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	710.5	/	1495
	=	0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Zebra Technologies Inventory Turnover Related Terms

Zebra Technologies Inventory Turnover Historical Data

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The historical data trend for Zebra Technologies's Inventory Turnover can be seen below:

Zebra Technologies Inventory Turnover Chart

Zebra Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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5.99

4.67

2.96

3.43

3.94

Zebra Technologies Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.97	0.99	1.02	1.12	1.06

78GF Score

Zebra Technologies Corp ZBRA

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Zebra Technologies Inventory Turnover Calculation

Zebra Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	2803	/ (	(693	+	729)	/	2 )
=	2803	/	711
=	3.94

Zebra Technologies's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	753	/ (	(729	+	692)	/	2 )
=	753	/	710.5
=	1.06

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.06 mean?

Zebra Technologies (ZBRA) has a Inventory Turnover of 1.06 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Zebra Technologies and its competitors.

Is Zebra Technologies' Inventory Turnover too high?

Zebra Technologies' current Inventory Turnover is 1.06. Overall, Zebra Technologies has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Zebra Technologies' Inventory Turnover compare to VIAV and AAOI?

Zebra Technologies' Inventory Turnover of 1.06 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Hardware company?

A good Inventory Turnover depends on the Hardware industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Zebra Technologies and its competitors. Zebra Technologies's current Inventory Turnover is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Zebra Technologies stock overvalued right now?

Based on GuruFocus' analysis, Zebra Technologies (ZBRA) is currently considered Modestly Undervalued. The stock's GF Value™ is $335.29, compared to a current price of $267.20 — trading 20.3% below its estimated fair value. The current Inventory Turnover is 1.06. Zebra Technologies' overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Zebra Technologies (ZBRA), the current Inventory Turnover is 1.06 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Zebra Technologies (ZBRA) Overvalued in 2026?

Based on GuruFocus' analysis, Zebra Technologies stock appears to be undervalued. The current stock price of $267.20 is trading 20.3% below its estimated GF Value™ of $335.29. GuruFocus considers Zebra Technologies to be Modestly Undervalued.

Key valuation signals for ZBRA:

Inventory Turnover: 1.06
GF Value™: $335.29 vs. price of $267.20 (20.3% below fair value)
GF Score™: 78/100 with 6 warning signs

No single metric tells the full story. See the ZBRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zebra Technologies Business Description

Industry Technology Hardware

Comparable Companies VIAV AAOI VSAT BDC EXTR ONDS VISN DGII ASTS HLIT CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394

Other Exchanges ZBRA:Mexico 1ZBRA:Italy ZT1A:Germany Z1BR34:Brazil

Address 3 Overlook Point, Lincolnshire, IL, USA, 60069

Website https://www.zebra.com

Zebra Technologies is the largest provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.

78GF Score

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$267.20

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$335.29

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