Raytheon Technologies Corp (RTX)
Total 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 |
| Total assets | US$ in thousands | 162,861,000 | 164,822,000 | 161,169,000 | 160,187,000 | 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 |
| Total asset turnover | 0.50 | 0.48 | 0.45 | 0.44 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $80,738,000K ÷ $162,861,000K
= 0.50
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
Analyzing the total asset turnover trend of Raytheon Technologies Corp over the past few years, we observe a steady increase from 0.33 as of March 31, 2020, to 0.50 as of December 31, 2024. This indicates an improvement in the company's ability to generate sales revenue relative to its total assets.
The general upward trend suggests that Raytheon Technologies Corp has been able to increase its sales efficiency and optimize the utilization of its assets over the years. This could be due to various factors such as improved operational efficiency, effective cost management, or strategic asset allocation.
Overall, the increasing trend in total asset turnover reflects positively on Raytheon Technologies Corp's operational performance and indicates efficient asset utilization in generating sales revenue.
Peer comparison
Dec 31, 2024
See also:
Raytheon Technologies Corp Total Asset Turnover (Quarterly Data)