General Dynamics Corporation (GD)
Fixed 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 | 47,716,000 | 46,063,000 | 44,960,000 | 43,131,000 | 42,272,000 | 41,469,000 | 40,872,000 | 39,903,000 | 39,407,000 | 38,900,000 | 38,480,000 | 38,497,000 | 38,469,000 | 38,684,000 | 38,528,000 | 38,549,000 | 37,925,000 | 38,199,000 | 38,536,000 | 38,844,000 |
| Property, plant and equipment | US$ in thousands | 6,467,000 | 6,324,000 | 6,276,000 | 6,192,000 | 6,198,000 | 6,013,000 | 5,947,000 | 5,867,000 | 5,900,000 | 5,565,000 | 5,479,000 | 5,450,000 | 5,417,000 | 5,195,000 | 5,135,000 | 5,090,000 | 5,100,000 | 4,863,000 | 4,721,000 | 4,537,000 |
| Fixed asset turnover | 7.38 | 7.28 | 7.16 | 6.97 | 6.82 | 6.90 | 6.87 | 6.80 | 6.68 | 6.99 | 7.02 | 7.06 | 7.10 | 7.45 | 7.50 | 7.57 | 7.44 | 7.86 | 8.16 | 8.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $47,716,000K ÷ $6,467,000K
= 7.38
The fixed asset turnover ratio for General Dynamics Corporation has exhibited a gradual decline from 8.56 in March 2020 to 7.38 by December 2024. This indicates that the company generated $7.38 in sales revenue for every dollar invested in fixed assets by the end of 2024. The decreasing trend in the ratio suggests that the company's efficiency in utilizing its fixed assets to generate sales has slightly weakened over the years. It is essential for investors and stakeholders to monitor this ratio to assess the company's operational performance and asset utilization efficiency over time.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Net Fixed Asset Turnover (Quarterly Data)