Raytheon Technologies Corp (RTX)
Fixed 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 | 68,920,000 | 67,086,000 | 70,573,000 | 68,572,000 | 67,074,000 | 66,025,000 | 65,287,000 | 64,853,000 | 64,388,000 | 63,763,000 | 62,297,000 | 60,478,000 | 56,587,000 | 51,862,000 | 48,488,000 | 45,756,000 | 45,349,000 | 51,699,000 | 56,836,000 | 62,212,000 |
| Property, plant and equipment | US$ in thousands | 15,748,000 | 15,347,000 | 15,295,000 | 15,149,000 | 15,170,000 | 14,668,000 | 14,741,000 | 14,837,000 | 14,972,000 | 14,517,000 | 14,665,000 | 14,742,000 | 14,962,000 | 14,730,000 | 14,805,000 | 12,484,000 | 10,322,000 | 12,200,000 | 12,292,000 | 12,210,000 |
| Fixed asset turnover | 4.38 | 4.37 | 4.61 | 4.53 | 4.42 | 4.50 | 4.43 | 4.37 | 4.30 | 4.39 | 4.25 | 4.10 | 3.78 | 3.52 | 3.28 | 3.67 | 4.39 | 4.24 | 4.62 | 5.10 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $68,920,000K ÷ $15,748,000K
= 4.38
The fixed asset turnover ratio for RTX Corp has shown relatively stable performance over the past eight quarters, ranging from 4.37 to 4.61. This indicates that the company is generating approximately $4.37 to $4.61 in revenue for every dollar invested in fixed assets.
A consistent fixed asset turnover ratio suggests that RTX Corp is efficiently utilizing its fixed assets to generate sales revenue. The slight fluctuations in the ratio may be a result of changes in sales or alterations in the composition of fixed assets over time.
Overall, the company's ability to efficiently generate revenue from its fixed assets is a positive indicator of operational efficiency and effective asset management. However, further analysis of industry benchmarks and trends would provide additional context for evaluating RTX Corp's performance in this aspect.
Peer comparison
Dec 31, 2023
See also:
Raytheon Technologies Corp Net Fixed Asset Turnover (Quarterly Data)