General Dynamics Corporation (GD)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 47,716,000 42,272,000 39,407,000 38,469,000 37,925,000
Property, plant and equipment US$ in thousands 6,467,000 6,198,000 5,900,000 5,417,000 5,100,000
Fixed asset turnover 7.38 6.82 6.68 7.10 7.44

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $47,716,000K ÷ $6,467,000K
= 7.38

General Dynamics Corporation's fixed asset turnover ratio has exhibited a decreasing trend over the period from December 31, 2020, to December 31, 2024. The ratio stood at 7.44 in 2020 before declining to 6.68 in 2022. However, it slightly increased to 7.38 by the end of 2024.

A fixed asset turnover ratio measures how effectively a company is generating revenue from its investment in fixed assets. A higher ratio indicates that the company is utilizing its fixed assets efficiently to generate sales.

Despite the fluctuations in the fixed asset turnover ratio, General Dynamics Corporation generally maintains a relatively high level of efficiency in utilizing its fixed assets to generate revenue. It is important for the company to continue monitoring and optimizing its fixed asset utilization to sustain or improve this efficiency in the future.


Peer comparison

Dec 31, 2024

Company name
Symbol
Fixed asset turnover
General Dynamics Corporation
GD
7.38
Huntington Ingalls Industries Inc
HII
3.34

See also:

General Dynamics Corporation Net Fixed Asset Turnover