Huntington Ingalls Industries Inc (HII)
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 | 11,535,000 | 11,708,000 | 11,775,000 | 11,585,000 | 11,454,000 | 11,089,000 | 10,899,000 | 10,774,000 | 10,676,000 | 10,541,000 | 10,253,000 | 9,822,000 | 9,524,000 | 9,604,000 | 9,580,000 | 9,376,000 | 9,361,000 | 9,016,000 | 8,921,000 | 9,082,000 |
| Property, plant and equipment | US$ in thousands | 3,450,000 | 3,384,000 | 3,342,000 | 3,298,000 | 3,296,000 | 3,201,000 | 3,196,000 | 3,182,000 | 3,198,000 | 3,136,000 | 3,102,000 | 3,094,000 | 3,107,000 | 3,043,000 | 3,004,000 | 2,988,000 | 2,978,000 | 2,907,000 | 2,879,000 | 2,848,000 |
| Fixed asset turnover | 3.34 | 3.46 | 3.52 | 3.51 | 3.48 | 3.46 | 3.41 | 3.39 | 3.34 | 3.36 | 3.31 | 3.17 | 3.07 | 3.16 | 3.19 | 3.14 | 3.14 | 3.10 | 3.10 | 3.19 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,535,000K ÷ $3,450,000K
= 3.34
The fixed asset turnover of Huntington Ingalls Industries Inc has exhibited a relatively stable trend over the past few years, hovering around the range of 3.1 to 3.5. This indicates that the company generates between $3.10 and $3.52 in revenue for every dollar invested in fixed assets.
There was a slight increase observed in the fixed asset turnover ratio from March 31, 2022, peaking at 3.52 on June 30, 2024, before declining to 3.34 by December 31, 2024. This may suggest improvements in the company's efficiency in utilizing its fixed assets to generate revenue, followed by a slight decrease in effectiveness towards the end of the period under consideration.
Overall, the consistent range of the fixed asset turnover ratio for Huntington Ingalls Industries Inc indicates a solid performance in utilizing its fixed assets to drive revenue generation. The slight fluctuations seen during the period are typical for businesses operating in the dynamic environment of the defense industry.
Peer comparison
Dec 31, 2024