Honeywell International Inc (HON)
Total 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 |
| Total assets | US$ in thousands | 61,525,000 | 61,296,000 | 62,337,000 | 59,883,000 | 62,275,000 | 60,287,000 | 62,258,000 | 63,352,000 | 64,470,000 | 64,191,000 | 63,945,000 | 63,561,000 | 64,586,000 | 63,459,000 | 63,604,000 | 57,422,000 | 58,679,000 | 60,104,000 | 57,750,000 | 58,560,000 |
| Total asset turnover | 0.60 | 0.59 | 0.58 | 0.60 | 0.57 | 0.58 | 0.55 | 0.54 | 0.53 | 0.54 | 0.53 | 0.52 | 0.52 | 0.53 | 0.55 | 0.64 | 0.63 | 0.62 | 0.67 | 0.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $36,634,000K ÷ $61,525,000K
= 0.60
The total asset turnover of Honeywell International Inc has been relatively stable over the past eight quarters, ranging from 0.54 to 0.60. This indicates that, on average, the company generates approximately $0.60 in revenue for every dollar of assets it holds. The consistency of the total asset turnover suggests that Honeywell is efficiently utilizing its assets to generate revenue. A total asset turnover above 1.0 would indicate a higher efficiency in asset utilization, but the company's values below 1.0 indicate that assets are allowing for revenue generation efficiently, albeit at a slower pace than the ideal. It is worth noting that the slight fluctuations in the total asset turnover ratio may be due to changes in the company's operations or industry conditions. Overall, the company appears to be managing its assets effectively to drive revenue.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Total Asset Turnover (Quarterly Data)