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

Company name
Symbol
Total asset turnover
Raytheon Technologies Corp
RTX
0.43
Honeywell International Inc
HON
0.60

See also:

Raytheon Technologies Corp Total Asset Turnover (Quarterly Data)