Curtiss-Wright Corporation (CW)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Total assets | US$ in thousands | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 | 3,764,260 |
| Total asset turnover | 0.61 | 0.56 | 0.60 | 0.59 | 0.66 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,796,860K ÷ $4,620,970K
= 0.61
Curtiss-Wright Corp.'s total asset turnover has shown some fluctuation over the past five years, ranging from 0.57 in 2022 to 0.66 in 2019. The ratio indicates the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover signifies that the company is utilizing its assets more effectively to generate sales.
In 2023, the total asset turnover was 0.62, displaying a moderate increase from the previous year. This uptick could indicate that Curtiss-Wright Corp. improved its efficiency in generating sales relative to its asset base. However, it is essential to consider the industry norms and competitors' performance to assess the company's efficiency in asset utilization comprehensively.
Overall, despite the fluctuations, Curtiss-Wright Corp.'s total asset turnover suggests a reasonable level of efficiency in generating sales revenue from its total assets.
Peer comparison
Dec 31, 2023