Curtiss-Wright Corporation (CW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,121,200 | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 |
| Total assets | US$ in thousands | 4,985,700 | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 |
| Total asset turnover | 0.63 | 0.61 | 0.56 | 0.60 | 0.59 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,121,200K ÷ $4,985,700K
= 0.63
Total asset turnover measures how efficiently a company generates sales from its assets. Curtiss-Wright Corporation's total asset turnover has been relatively stable over the past five years, increasing from 0.59 in 2020 to 0.63 in 2024. This indicates that the company is generating $0.63 in sales for every $1 of assets it has, showing a slight improvement in asset utilization efficiency. However, in 2022, the total asset turnover dropped to 0.56, which may imply a temporary decline in efficiency in that year. Overall, the trend suggests that Curtiss-Wright Corporation has been effectively managing its assets to drive sales growth.
Peer comparison
Dec 31, 2024