Curtiss-Wright Corporation (CW)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,762,156 | 3,695,656 | 3,621,064 | 3,540,669 | 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 |
| Total assets | US$ in thousands | 4,985,700 | 4,885,740 | 4,748,190 | 4,612,080 | 4,620,970 | 4,413,960 | 4,441,100 | 4,362,120 | 4,448,300 | 4,342,160 | 4,402,530 | 4,089,370 | 4,103,540 | 4,083,300 | 4,084,980 | 3,981,050 | 4,021,330 | 3,959,780 | 3,642,670 | 3,631,390 |
| Total asset turnover | 0.75 | 0.76 | 0.76 | 0.77 | 0.75 | 0.76 | 0.74 | 0.73 | 0.70 | 0.70 | 0.69 | 0.74 | 0.75 | 0.61 | 0.60 | 0.60 | 0.59 | 0.60 | 0.66 | 0.69 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,762,156K ÷ $4,985,700K
= 0.75
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. Curtiss-Wright Corporation's total asset turnover has shown fluctuating trends over the past few years, ranging from 0.59 to 0.77.
From December 31, 2021, to March 31, 2024, the total asset turnover ratio has generally improved, indicating that the company is utilizing its assets more effectively to generate sales revenue. The ratio peaked at 0.77 on March 31, 2024, suggesting that Curtiss-Wright Corporation was able to generate $0.77 in sales for every dollar of assets held during that period.
However, it is important to note that the total asset turnover ratio experienced some declines and fluctuations along the way. For instance, there was a slight decrease from September 30, 2021, to December 31, 2021, before the ratio started to trend upwards again.
Overall, the varying levels of total asset turnover indicate changes in the company's operational efficiency and the effectiveness of its asset management strategies. It is important for Curtiss-Wright Corporation to continue monitoring and improving its total asset turnover to ensure optimal utilization of its assets in generating sales.
Peer comparison
Dec 31, 2024