Raytheon Technologies Corp (RTX)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 80,738,000 | 68,920,000 | 67,074,000 | 64,388,000 | 56,587,000 |
| Total current assets | US$ in thousands | 51,133,000 | 48,417,000 | 42,443,000 | 42,050,000 | 43,376,000 |
| Total current liabilities | US$ in thousands | 51,499,000 | 46,761,000 | 39,114,000 | 35,449,000 | 35,848,000 |
| Working capital turnover | — | 41.62 | 20.15 | 9.75 | 7.52 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $80,738,000K ÷ ($51,133,000K – $51,499,000K)
= —
Raytheon Technologies Corp's working capital turnover has shown an increasing trend over the years, indicating efficient management of its working capital. The ratio has steadily risen from 7.52 in December 31, 2020, to 41.62 in December 31, 2023, demonstrating a significant improvement in the company's ability to generate revenue relative to its working capital investment. However, it is important to note that the data for December 31, 2024, is unavailable. Overall, the increasing trend in the working capital turnover suggests that Raytheon Technologies Corp has been effective in optimizing its working capital utilization to support its operating activities and generate sales.
Peer comparison
Dec 31, 2024