General Dynamics Corporation (GD)
Total 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 |
| Total assets | US$ in thousands | 55,880,000 | 57,312,000 | 55,442,000 | 55,246,000 | 54,810,000 | 53,525,000 | 52,556,000 | 52,096,000 | 51,585,000 | 51,116,000 | 50,481,000 | 50,876,000 | 50,073,000 | 51,370,000 | 51,183,000 | 49,963,000 | 51,308,000 | 50,258,000 | 50,222,000 | 53,710,000 |
| Total asset turnover | 0.85 | 0.80 | 0.81 | 0.78 | 0.77 | 0.77 | 0.78 | 0.77 | 0.76 | 0.76 | 0.76 | 0.76 | 0.77 | 0.75 | 0.75 | 0.77 | 0.74 | 0.76 | 0.77 | 0.72 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $47,716,000K ÷ $55,880,000K
= 0.85
General Dynamics Corporation's total asset turnover ratio has shown some fluctuations over the period under review, ranging from 0.72 to 0.85. The ratio measures the efficiency with which the company generates sales revenue relative to its total assets. A higher total asset turnover ratio typically indicates that the company is utilizing its assets more effectively to generate revenue.
In the case of General Dynamics, the ratio has generally trended upwards over the period, with some fluctuations quarter to quarter. This suggests that the company has been able to increase its sales revenue relative to its total assets. However, the ratio saw a more significant increase from December 31, 2024, to March 31, 2024, reaching 0.85, indicating a notable improvement in asset utilization efficiency during that period.
Overall, General Dynamics Corporation's performance in terms of total asset turnover indicates an increasing efficiency in generating sales revenue in relation to its total assets, which can be a positive sign of effective asset management and operational performance.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Total Asset Turnover (Quarterly Data)