L3Harris Technologies Inc (LHX)
Total 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 |
| Total assets | US$ in thousands | 42,001,000 | 41,889,000 | 41,657,000 | 41,816,000 | 41,687,000 | 42,293,000 | 35,362,000 | 35,507,000 | 33,524,000 | 33,381,000 | 34,138,000 | 34,444,000 | 34,709,000 | 35,018,000 | 36,064,000 | 36,590,000 | 36,960,000 | 37,145,000 | 37,852,000 | 38,105,000 |
| Total asset turnover | 0.51 | 0.50 | 0.50 | 0.48 | 0.47 | 0.44 | 0.51 | 0.49 | 0.51 | 0.50 | 0.49 | 0.50 | 0.51 | 0.52 | 0.51 | 0.50 | 0.49 | 0.49 | 0.48 | 0.41 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $21,325,000K ÷ $42,001,000K
= 0.51
Total asset turnover for L3Harris Technologies Inc has shown a fluctuating trend over the years, ranging from 0.41 to 0.52. The ratio indicates how efficiently the company is utilizing its assets to generate sales. A higher total asset turnover suggests that the company is generating more revenue per dollar of assets.
From March 31, 2020, to September 30, 2021, there was a consistent increase in total asset turnover, indicating an improvement in asset utilization efficiency. However, there was a slight decline by December 31, 2021, followed by fluctuations around 0.50 in the subsequent periods.
The ratio dipped notably in September 30, 2023, before rebounding slightly in December 31, 2023. From March 31, 2024, to December 31, 2024, the total asset turnover stayed relatively stable around 0.50 and 0.51.
Overall, while there have been fluctuations in the total asset turnover of L3Harris Technologies Inc, the company has managed to maintain a relatively stable efficiency in utilizing its assets to generate sales over the analyzed period.
Peer comparison
Dec 31, 2024