Raytheon Technologies Corp (RTX)
Total 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 |
| Total assets | US$ in thousands | 161,869,000 | 162,443,000 | 162,161,000 | 161,636,000 | 158,864,000 | 158,225,000 | 159,017,000 | 159,366,000 | 161,404,000 | 158,772,000 | 158,838,000 | 160,608,000 | 162,153,000 | 162,399,000 | 161,517,000 | 139,572,000 | 139,615,000 | 139,009,000 | 138,990,000 | 137,380,000 |
| Total asset turnover | 0.43 | 0.41 | 0.44 | 0.42 | 0.42 | 0.42 | 0.41 | 0.41 | 0.40 | 0.40 | 0.39 | 0.38 | 0.35 | 0.32 | 0.30 | 0.33 | 0.32 | 0.37 | 0.41 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $68,920,000K ÷ $161,869,000K
= 0.43
The total asset turnover of RTX Corp has been relatively stable over the past eight quarters, ranging from 0.41 to 0.44. This ratio measures the efficiency with which the company generates revenue from its assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales. In the case of RTX Corp, the average total asset turnover ratio over the period is 0.42, suggesting that, on average, the company generates $0.42 in sales for every $1 of assets it holds. This indicates a moderate level of asset efficiency. It is important for RTX Corp to monitor and potentially improve this ratio over time to ensure optimal utilization of its assets and maximize revenue generation.
Peer comparison
Dec 31, 2023
See also:
Raytheon Technologies Corp Total Asset Turnover (Quarterly Data)