Honeywell International Inc (HON)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,498,000 | 36,662,000 | 35,466,000 | 34,392,000 | 32,637,000 |
| Property, plant and equipment | US$ in thousands | — | — | 5,471,000 | 5,562,000 | 5,570,000 |
| Fixed asset turnover | — | — | 6.48 | 6.18 | 5.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $38,498,000K ÷ $—K
= —
Honeywell International Inc's fixed asset turnover has been improving steadily over the years, from 5.86 in December 31, 2020, to 6.18 in December 31, 2021, and further to 6.48 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency. However, the absence of data for December 31, 2023 and December 31, 2024 limits a comprehensive evaluation of the trend. Overall, the increasing fixed asset turnover suggests that Honeywell International Inc is effectively utilizing its fixed assets to drive sales, a key factor in maximizing profitability.
Peer comparison
Dec 31, 2024