Huntington Ingalls Industries Inc (HII)
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 | 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 |
| Total assets | US$ in thousands | 11,215,000 | 10,621,000 | 10,859,000 | 10,849,000 | 10,857,000 | 10,615,000 | 10,586,000 | 10,557,000 | 10,627,000 | 10,400,000 | 8,132,000 | 8,214,000 | 8,157,000 | 8,445,000 | 8,233,000 | 7,615,000 | 7,031,000 | 7,184,000 | 7,230,000 | 7,000,000 |
| Total asset turnover | 1.02 | 1.04 | 1.00 | 0.99 | 0.98 | 0.99 | 0.97 | 0.93 | 0.90 | 0.92 | 1.18 | 1.14 | 1.15 | 1.07 | 1.08 | 1.19 | 1.27 | 1.21 | 1.18 | 1.20 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,454,000K ÷ $11,215,000K
= 1.02
Huntington Ingalls Industries Inc's total asset turnover ratio fluctuated throughout the quarters in the given period. The ratio ranged from a low of 0.93 in Q1 2022 to a high of 1.04 in Q3 2023. Generally, a total asset turnover ratio above 1 indicates efficient utilization of assets to generate sales revenue.
The company's total asset turnover ratio showed an increasing trend from Q1 2022 to Q3 2023, with slight variations in between. This suggests that Huntington Ingalls Industries Inc improved its ability to generate sales revenue relative to the total assets it holds during the analyzed period.
However, it is important to note that a total asset turnover ratio should be analyzed in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's operational efficiency and performance.
Peer comparison
Dec 31, 2023