Huntington Ingalls Industries Inc (HII)
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 | 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 | 8,899,000 | 8,686,000 | 8,550,000 | 8,382,000 |
| Property, plant and equipment | US$ in thousands | 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 | 2,832,000 | 2,700,000 | 2,626,000 | 2,569,000 |
| Fixed asset turnover | 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 | 3.14 | 3.22 | 3.26 | 3.26 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,454,000K ÷ $3,296,000K
= 3.48
Huntington Ingalls Industries Inc's fixed asset turnover ratio has shown a consistent upward trend over the past eight quarters, indicating an improvement in the company's efficiency in generating revenue from its fixed assets. The ratio has gradually increased from 3.17 in Q1 2022 to 3.48 in Q4 2023.
A fixed asset turnover ratio of over 3 suggests that the company is effectively utilizing its fixed assets to generate sales. This means that Huntington Ingalls Industries Inc is generating $3.48 in revenue for every $1 invested in fixed assets in Q4 2023.
The trend of increasing fixed asset turnover ratio reflects positively on the company's operational efficiency and management of its assets. It signifies that the company is making efficient use of its fixed assets to support its business operations and drive revenue growth.
Peer comparison
Dec 31, 2023