Huntington Ingalls Industries Inc (HII)
Total 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 |
| Total assets | US$ in thousands | 12,141,000 | 11,082,000 | 11,310,000 | 11,167,000 | 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 |
| Total asset turnover | 0.95 | 1.06 | 1.04 | 1.04 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,535,000K ÷ $12,141,000K
= 0.95
The total asset turnover ratio for Huntington Ingalls Industries Inc has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio measures the company's efficiency in generating sales from its total assets.
The trend shows a slight increase from 1.19 in March 2020 to a peak of 1.18 in June 2021 before experiencing a decline. This decline continued through September 2022 to December 2024, with the ratio hovering between 0.90 and 1.06 during this period.
The fluctuations in the total asset turnover ratio may indicate changes in the company's sales performance relative to its asset base. A higher ratio suggests that the company is generating more sales for every dollar of assets, reflecting increased efficiency in asset utilization. Conversely, a decreasing ratio may suggest inefficiencies in utilizing assets to generate revenue.
It is important for Huntington Ingalls Industries Inc to monitor and analyze these trends to optimize asset utilization and improve overall financial performance.
Peer comparison
Dec 31, 2024