General Dynamics Corporation (GD)
Total 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 |
| Total assets | US$ in thousands | 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 | 49,349,000 | 48,788,000 | 48,074,000 | 47,466,000 |
| Total asset turnover | 0.77 | 0.78 | 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 | 0.80 | 0.80 | 0.79 | 0.80 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $42,363,000K ÷ $54,810,000K
= 0.77
General Dynamics Corp.'s total asset turnover has remained relatively stable over the past eight quarters, ranging from 0.76 to 0.78. This ratio indicates that, on average, the company generates approximately $0.76 to $0.78 in revenue for each dollar of total assets it holds.
A total asset turnover ratio of less than 1 suggests that General Dynamics is not efficiently utilizing its assets to generate sales. However, it is important to consider the industry average and the company's historical performance for a more meaningful comparison.
Overall, a consistent total asset turnover ratio is desirable as it indicates a stable performance in effectively using its assets to generate revenue. Investors and analysts may further investigate the reasons behind the fluctuation within this narrow range to assess the company's operational efficiency and potential for future growth.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Total Asset Turnover (Quarterly Data)