Raytheon Technologies Corp (RTX)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,184,000 | 6,082,000 | 5,999,000 | 5,718,000 | 5,731,000 | 5,892,000 | 5,851,000 | 5,970,000 | 5,862,000 | 18,549,000 | 30,174,000 | 40,852,000 | 48,056,000 | 42,906,000 | 38,411,000 | 34,751,000 | 34,598,000 | 39,229,000 | 43,256,000 | 47,124,000 |
| Inventory | US$ in thousands | 11,777,000 | 12,050,000 | 11,997,000 | 11,327,000 | 10,617,000 | 10,443,000 | 10,142,000 | 9,749,000 | 9,178,000 | 9,426,000 | 9,548,000 | 9,498,000 | 9,411,000 | 9,843,000 | 10,256,000 | 11,506,000 | 9,047,000 | 11,242,000 | 10,934,000 | 10,474,000 |
| Inventory turnover | 0.53 | 0.50 | 0.50 | 0.50 | 0.54 | 0.56 | 0.58 | 0.61 | 0.64 | 1.97 | 3.16 | 4.30 | 5.11 | 4.36 | 3.75 | 3.02 | 3.82 | 3.49 | 3.96 | 4.50 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,184,000K ÷ $11,777,000K
= 0.53
The inventory turnover for RTX Corp has shown relatively stable performance over the last eight quarters, ranging from 4.60 to 5.33. The ratios indicate that on average, the company is able to sell and replace its inventory approximately 4.83 to 5.33 times per year. A higher inventory turnover ratio suggests that the company has efficient inventory management and sales practices. However, the slight fluctuations in the turnover ratios over the quarters may warrant further investigation into potential changes in demand, production efficiency, or inventory management strategies within RTX Corp. Overall, the consistent turnover ratios suggest that RTX Corp has been managing its inventory efficiently, but monitoring for any potential trends or outliers is advisable for a more comprehensive analysis.
Peer comparison
Dec 31, 2023
Dec 31, 2023
See also:
Raytheon Technologies Corp Inventory Turnover (Quarterly Data)