Honeywell International Inc (HON)
Total 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 |
| Total assets | US$ in thousands | 1,365,000 | 61,525,000 | 62,275,000 | 64,470,000 | 64,586,000 |
| Total asset turnover | 28.20 | 0.60 | 0.57 | 0.53 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $38,498,000K ÷ $1,365,000K
= 28.20
Honeywell International Inc's total asset turnover has shown an increasing trend over the past years, starting from 0.51 in December 2020 to 0.53 in December 2021, 0.57 in December 2022, and 0.60 in December 2023. However, there was a significant spike to 28.20 in December 2024, which appears to be an outlier and may require further investigation to understand the reason behind this sudden surge. Overall, the increasing trend in total asset turnover indicates that the company is generating more revenue relative to its total assets over time, which is a positive sign of operational efficiency.
Peer comparison
Dec 31, 2024