Curtiss-Wright Corporation (CW)
Total 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 |
| Total assets | US$ in thousands | 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 | 3,764,260 | 3,482,310 | 3,426,640 | 3,328,800 |
| Total asset turnover | 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 | 0.66 | 0.71 | 0.72 | 0.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,458,362K ÷ $4,620,970K
= 0.75
Curtiss-Wright Corp.'s total asset turnover has shown consistency in the range of 0.56 to 0.64 over the past eight quarters. This ratio measures how efficiently the company is utilizing its assets to generate revenue. A total asset turnover of around 0.60 indicates that for each dollar of assets, the company is generating approximately $0.60 in revenue.
While there was some fluctuation in the ratio quarter over quarter, the general trend suggests that Curtiss-Wright Corp. has been maintaining a steady level of asset utilization efficiency. A higher total asset turnover ratio would indicate that the company is generating more revenue per dollar of assets, while a lower ratio may imply inefficiencies in asset management or underutilization of resources.
Overall, the consistent performance of total asset turnover over the past eight quarters indicates that Curtiss-Wright Corp. may be effectively managing its assets to support its revenue generation activities.
Peer comparison
Dec 31, 2023