Curtiss-Wright Corporation (CW)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,458,362 | 3,374,952 | 3,281,168 | 3,186,129 | 3,114,730 | 3,042,690 | 3,032,767 | 3,044,905 | 3,082,503 | 2,507,617 | 2,458,612 | 2,387,164 | 2,391,336 | 2,378,663 | 2,421,929 | 2,510,878 | 2,487,961 | 2,480,812 | 2,461,325 | 2,442,627 |
| Property, plant and equipment | US$ in thousands | 332,796 | 334,864 | 340,857 | 340,313 | 342,708 | 338,549 | 348,062 | 355,363 | 360,031 | 360,314 | 366,789 | 369,970 | 378,200 | 379,859 | 381,226 | 384,175 | 385,593 | 373,718 | 375,582 | 375,296 |
| Fixed asset turnover | 10.39 | 10.08 | 9.63 | 9.36 | 9.09 | 8.99 | 8.71 | 8.57 | 8.56 | 6.96 | 6.70 | 6.45 | 6.32 | 6.26 | 6.35 | 6.54 | 6.45 | 6.64 | 6.55 | 6.51 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,458,362K ÷ $332,796K
= 10.39
Curtiss-Wright Corp.'s fixed asset turnover ratio has been consistently strong over the past eight quarters, ranging from 6.95 to 8.55. This indicates that the company is effectively utilizing its fixed assets to generate revenue. The upward trend in fixed asset turnover suggests increasing efficiency in utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio is generally favorable as it indicates that the company is generating more revenue per dollar of fixed assets. This could be a sign of effective asset management and operational efficiency within the company.
Peer comparison
Dec 31, 2023