Honeywell International Inc (HON)
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 | 36,634,000 | 36,351,000 | 36,078,000 | 35,881,000 | 35,397,000 | 34,878,000 | 34,408,000 | 34,272,000 | 34,343,000 | 34,613,000 | 34,078,000 | 32,980,000 | 33,290,000 | 33,886,000 | 35,255,000 | 36,940,000 | 37,029,000 | 37,262,000 | 38,766,000 | 51,577,000 |
| Property, plant and equipment | US$ in thousands | 5,462,000 | 5,486,000 | 5,486,000 | 5,472,000 | 5,471,000 | 5,117,000 | 5,180,000 | 5,298,000 | 5,562,000 | 5,514,000 | 5,520,000 | 5,547,000 | 5,570,000 | 5,419,000 | 5,327,000 | 5,214,000 | 5,325,000 | 5,240,000 | 5,260,000 | 5,276,000 |
| Fixed asset turnover | 6.71 | 6.63 | 6.58 | 6.56 | 6.47 | 6.82 | 6.64 | 6.47 | 6.17 | 6.28 | 6.17 | 5.95 | 5.98 | 6.25 | 6.62 | 7.08 | 6.95 | 7.11 | 7.37 | 9.78 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,634,000K ÷ $5,462,000K
= 6.71
The fixed asset turnover ratio measures how efficiently a company is able to generate sales using its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate revenue.
Looking at the trend in Honeywell International Inc's fixed asset turnover ratio over the past eight quarters, we can see that the ratio has been consistently high, ranging from 6.27 to 6.64. This suggests that the company has been able to generate significant sales relative to its investment in fixed assets during this period.
Overall, the stable and relatively high fixed asset turnover ratio for Honeywell International Inc indicates efficient management of its fixed assets to drive sales and revenue. However, it is important to consider other factors and ratios in conjunction with the fixed asset turnover ratio to get a comprehensive understanding of the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Net Fixed Asset Turnover (Quarterly Data)