Raytheon Technologies Corp (RTX)
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 | 80,738,000 | 79,042,000 | 72,417,000 | 71,011,000 | 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 |
| Property, plant and equipment | US$ in thousands | 16,089,000 | 15,886,000 | 15,693,000 | 15,638,000 | 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 |
| Fixed asset turnover | 5.02 | 4.98 | 4.61 | 4.54 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $80,738,000K ÷ $16,089,000K
= 5.02
Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. For Raytheon Technologies Corp, the trend in fixed asset turnover over the past few years shows consistent improvement. The ratio has been increasing steadily, indicating that the company is utilizing its fixed assets more effectively to generate sales.
Starting at 3.67 in March 2020, the fixed asset turnover ratio has steadily increased to reach 5.02 by December 2024. This signifies that the company has been able to generate $5.02 in sales for every dollar invested in fixed assets by the end of 2024.
Overall, the increasing trend in fixed asset turnover reflects positively on Raytheon Technologies Corp's operational efficiency and the ability to make the most out of its fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024
See also:
Raytheon Technologies Corp Net Fixed Asset Turnover (Quarterly Data)