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

Company name
Symbol
Fixed asset turnover
Raytheon Technologies Corp
RTX
4.38
Honeywell International Inc
HON
6.71

See also:

Raytheon Technologies Corp Net Fixed Asset Turnover (Quarterly Data)