Huntington Ingalls Industries Inc (HII)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,535,000 | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 |
| Total assets | US$ in thousands | 12,141,000 | 11,215,000 | 10,857,000 | 10,627,000 | 8,157,000 |
| Total asset turnover | 0.95 | 1.02 | 0.98 | 0.90 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,535,000K ÷ $12,141,000K
= 0.95
Huntington Ingalls Industries Inc's total asset turnover ratio has fluctuated over the past five years. The company had a total asset turnover ratio of 1.15 as of December 31, 2020, indicating that it generated $1.15 in sales for every dollar of assets. However, this ratio decreased to 0.90 by December 31, 2021, suggesting a decline in efficiency in utilizing its assets to generate revenue.
The total asset turnover ratio improved slightly to 0.98 by December 31, 2022, and further increased to 1.02 by December 31, 2023, reflecting some improvement in asset utilization efficiency. Nonetheless, the ratio dropped again to 0.95 as of December 31, 2024, indicating a decreased ability to generate sales relative to its total assets compared to the previous year.
Overall, based on the trend observed in the total asset turnover ratio, Huntington Ingalls Industries Inc has experienced mixed results in efficiently leveraging its assets to generate revenue over the past five years. Further analysis and investigation into the company's operational efficiency and asset management practices may be warranted to identify potential areas for improvement.
Peer comparison
Dec 31, 2024