General Dynamics Corporation (GD)
Fixed 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 | 42,363,000 | 41,560,000 | 40,963,000 | 39,994,000 | 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 | 39,346,000 | 38,856,000 | 38,186,000 | 37,932,000 |
| Property, plant and equipment | US$ in thousands | 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 | 4,475,000 | 4,217,000 | 4,091,000 | 4,054,000 |
| Fixed asset turnover | 6.83 | 6.91 | 6.89 | 6.82 | 6.68 | 6.99 | 7.02 | 7.06 | 7.10 | 7.45 | 7.50 | 7.57 | 7.44 | 7.86 | 8.16 | 8.56 | 8.79 | 9.21 | 9.33 | 9.36 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $42,363,000K ÷ $6,198,000K
= 6.83
General Dynamics Corp.'s fixed asset turnover has remained relatively stable and consistently high over the past eight quarters, ranging from 6.68 to 7.06. This indicates that the company is efficiently generating revenue from its fixed assets. The high fixed asset turnover ratio suggests that General Dynamics is effectively utilizing its investment in fixed assets to generate sales. A high fixed asset turnover ratio is generally seen as positive, as it indicates that the company is effectively managing its assets to generate revenue. Overall, the trend in General Dynamics' fixed asset turnover suggests strong operational efficiency and effective asset utilization within the company.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Net Fixed Asset Turnover (Quarterly Data)