L3Harris Technologies Inc (LHX)
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 | 21,325,000 | 21,142,000 | 20,765,000 | 20,159,000 | 19,419,000 | 18,657,000 | 17,988,000 | 17,430,000 | 17,062,000 | 16,834,000 | 16,817,000 | 17,350,000 | 17,814,000 | 18,124,000 | 18,358,000 | 18,135,000 | 18,194,000 | 18,366,000 | 18,334,000 | 15,754,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,576,000 | 2,911,000 | 2,889,000 | 2,860,000 | 2,854,000 | 2,803,000 | 2,853,000 | 2,870,000 | 2,832,000 | 2,695,000 | 2,918,000 | 2,102,000 | 2,925,000 | 2,015,000 | 2,032,000 |
| Fixed asset turnover | — | — | — | — | — | 5.22 | 6.18 | 6.03 | 5.97 | 5.90 | 6.00 | 6.08 | 6.21 | 6.40 | 6.81 | 6.21 | 8.66 | 6.28 | 9.10 | 7.75 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $21,325,000K ÷ $—K
= —
The fixed asset turnover ratio reflects how effectively a company is generating revenue from its investment in fixed assets. Looking at L3Harris Technologies Inc's fixed asset turnover over the past few years, we can see fluctuations in the ratio.
From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio ranged between 6.21 and 9.10, indicating a relatively efficient utilization of fixed assets to generate sales. However, from March 31, 2022, to September 30, 2023, the ratio declined to a range of 5.22 to 6.08, suggesting a decrease in efficiency in generating revenue from fixed assets during this period.
As of December 31, 2023, the fixed asset turnover is not available, and it appears to continue to be unavailable for the subsequent reporting periods. This lack of data may indicate challenges in assessing the company's performance in utilizing fixed assets for revenue generation.
Overall, a downward trend in fixed asset turnover may signal potential issues with asset utilization or changes in the company's business operations affecting the efficiency of generating sales from fixed assets. Further analysis and information would be needed to understand the underlying reasons for these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2024