Raytheon Technologies Corp (RTX)
Working capital 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 current assets | US$ in thousands | 51,133,000 | 51,764,000 | 49,225,000 | 48,023,000 | 48,417,000 | 46,518,000 | 45,915,000 | 45,504,000 | 42,443,000 | 41,821,000 | 41,462,000 | 40,740,000 | 42,050,000 | 41,992,000 | 40,879,000 | 42,552,000 | 43,376,000 | 43,511,000 | 42,274,000 | 38,875,000 |
| Total current liabilities | US$ in thousands | 51,499,000 | 52,247,000 | 49,565,000 | 45,019,000 | 46,761,000 | 45,002,000 | 41,760,000 | 40,128,000 | 39,114,000 | 38,373,000 | 37,788,000 | 35,057,000 | 35,449,000 | 34,131,000 | 34,794,000 | 36,359,000 | 35,848,000 | 35,562,000 | 35,291,000 | 31,502,000 |
| Working capital turnover | — | — | — | 23.64 | 41.62 | 44.25 | 16.99 | 12.76 | 20.15 | 19.15 | 17.77 | 11.41 | 9.75 | 8.11 | 10.24 | 9.77 | 7.52 | 6.52 | 6.94 | 6.21 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $80,738,000K ÷ ($51,133,000K – $51,499,000K)
= —
The working capital turnover ratio of Raytheon Technologies Corp has shown significant fluctuations over the provided periods. The ratio increased steadily from March 31, 2020, to June 30, 2021, reaching a peak of 10.24, indicating that the company was efficiently utilizing its working capital to generate sales.
By September 30, 2021, the ratio decreased to 8.11 and continued to fluctuate between 8.11 and 9.75 through December 31, 2022. These fluctuations may suggest changes in the company's working capital management or in its sales volume during these periods.
A notable spike in the working capital turnover ratio was observed on March 31, 2023, at 12.76, followed by a significant surge to 44.25 by September 30, 2023. This rapid increase could indicate a substantial increase in sales relative to the working capital involved, showcasing a more efficient utilization of resources.
The ratio then dropped to 23.64 by March 31, 2024. The absence of data for the subsequent periods prevents further analysis, but the fluctuations observed highlight the importance of effective working capital management to support the company's operations and growth.
Peer comparison
Dec 31, 2024
See also:
Raytheon Technologies Corp Working Capital Turnover (Quarterly Data)