L3Harris Technologies Inc (LHX)
Fixed asset turnover
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,623,000 | 20,087,000 | 19,568,000 | 18,902,000 | 18,236,000 | 17,656,000 | 17,116,000 | 16,782,000 | 16,590,000 | 16,603,000 | 17,318,000 | 17,769,000 | 18,027,000 | 18,239,000 | 17,836,000 | 17,910,000 | 17,934,000 | 15,359,000 | 12,664,000 | 9,727,000 |
| Property, plant and equipment | US$ in thousands | 2,795,000 | 2,800,000 | 2,836,000 | 2,644,000 | 2,818,000 | 2,186,000 | 2,133,000 | 1,949,000 | 2,092,000 | 2,042,000 | 2,078,000 | 1,947,000 | 2,044,000 | 2,026,000 | 2,136,000 | 2,102,000 | 2,047,000 | 2,015,000 | 2,032,000 | 2,073,000 |
| Fixed asset turnover | 7.38 | 7.17 | 6.90 | 7.15 | 6.47 | 8.08 | 8.02 | 8.61 | 7.93 | 8.13 | 8.33 | 9.13 | 8.82 | 9.00 | 8.35 | 8.52 | 8.76 | 7.62 | 6.23 | 4.69 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $20,623,000K ÷ $2,795,000K
= 7.38
The fixed asset turnover ratio for L3Harris Technologies Inc has shown a varying trend over the past few quarters. The ratio measures the company's efficiency in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Looking at the data provided, we can see that the fixed asset turnover ratio ranged from 4.69 to 9.13 over the past few quarters. This indicates that there have been fluctuations in the company's ability to generate sales from its fixed assets.
In general, the company has maintained a relatively healthy fixed asset turnover ratio, with values consistently above 6. This suggests that L3Harris Technologies Inc has been efficient in using its fixed assets to generate revenue. However, there have been some variations quarter to quarter, which may be influenced by factors such as changes in production efficiency, sales volume, or asset utilization.
Overall, the trend in L3Harris Technologies Inc's fixed asset turnover ratio implies that the company has been effectively managing its fixed assets to support its revenue generation activities. It would be important to continue monitoring this ratio alongside other financial metrics to assess the company's operational performance and asset utilization efficiency.
Peer comparison
Sep 30, 2024