Northrop Grumman Corporation (NOC)

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	41,033,000	40,985,000	40,764,000	40,122,000	39,290,000	38,685,000	37,881,000	37,106,000	36,602,000	35,208,000	34,957,000	35,307,000	35,667,000	37,240,000	37,603,000	37,336,000	36,799,000	35,308,000	34,700,000	34,272,000
Total assets	US$ in thousands	49,359,000	48,289,000	47,670,000	47,818,000	46,544,000	44,896,000	45,609,000	44,244,000	43,755,000	42,733,000	41,914,000	41,903,000	42,579,000	42,346,000	42,142,000	41,423,000	44,469,000	44,772,000	43,475,000	43,203,000
Total asset turnover		0.83	0.85	0.86	0.84	0.84	0.86	0.83	0.84	0.84	0.82	0.83	0.84	0.84	0.88	0.89	0.90	0.83	0.79	0.80	0.79

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $41,033,000K ÷ $49,359,000K
= 0.83

The total asset turnover ratio for Northrop Grumman Corporation has shown a relatively stable trend over the analyzed period, ranging from 0.79 to 0.90. This indicates that, on average, the company generates between $0.79 and $0.90 in revenue for every dollar of assets held during the respective periods.

While there were some fluctuations, the ratio generally stayed within a narrow range, suggesting that the company efficiently utilizes its assets to generate revenue. However, a slight decline in the ratio towards the end of the period may indicate that there is potential for improvement in asset utilization efficiency.

Overall, the trend in Northrop Grumman Corporation's total asset turnover ratio reflects a consistent performance in terms of generating revenue relative to the assets employed in the business operations.