General Dynamics Corporation (GD)
Total 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 |
| Total assets | US$ in thousands | 55,880,000 | 54,810,000 | 51,585,000 | 50,073,000 | 51,308,000 |
| Total asset turnover | 0.85 | 0.77 | 0.76 | 0.77 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $47,716,000K ÷ $55,880,000K
= 0.85
General Dynamics Corporation's total asset turnover has shown a steady improvement over the past five years. The ratio increased from 0.74 in December 31, 2020, to 0.85 in December 31, 2024. This indicates that the company generated $0.85 in sales for each dollar invested in total assets by the end of 2024, reflecting an increasing efficiency in utilizing its assets to generate revenue. The consistent growth in total asset turnover suggests that General Dynamics has been effectively managing its assets to drive higher sales volumes over the period under review.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
General Dynamics Corporation
GD
0.85
Huntington Ingalls Industries Inc
HII
0.95