Honeywell International Inc (HON)

Fixed 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	38,495,000	37,840,000	37,324,000	36,895,000	36,655,000	36,408,000	36,147,000	35,954,000	35,466,000	34,937,000	34,459,000	34,314,000	34,392,000	34,635,000	33,959,000	32,628,000	32,637,000	33,233,000	34,522,000	36,288,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	5,486,000	5,472,000	5,471,000	5,339,000	5,342,000	5,470,000	5,562,000	6,450,000	6,443,000	5,547,000	5,570,000	5,419,000	5,327,000	5,214,000
Fixed asset turnover		—	—	—	—	—	—	6.59	6.57	6.48	6.54	6.45	6.27	6.18	5.37	5.27	5.88	5.86	6.13	6.48	6.96

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $38,495,000K ÷ $—K
= —

Fixed asset turnover measures how efficiently a company is generating sales revenue from its investment in fixed assets. Honeywell International Inc's fixed asset turnover has shown a declining trend over the past quarters, from 6.96 on March 31, 2020, to 6.45 on June 30, 2022, followed by a slight increase to 6.59 on June 30, 2023. This indicates that the company is generating $6.59 in sales for every $1 invested in fixed assets.

The company's fixed asset turnover has remained relatively high compared to industry averages, showing good efficiency in utilizing its fixed assets to generate sales. However, the recent stabilization and slight increase in the ratio suggest that the company may have optimized its asset utilization further.

The missing data for the upcoming periods limits a comprehensive assessment of the trend. It will be important to continue monitoring the fixed asset turnover to ensure that Honeywell International Inc is effectively managing its fixed asset investments to drive revenue growth.