Textron Inc (TXT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,702,000 | 13,683,000 | 12,869,000 | 12,382,000 | 11,651,000 |
| Property, plant and equipment | US$ in thousands | — | 2,477,000 | 2,523,000 | 2,538,000 | 2,516,000 |
| Fixed asset turnover | — | 5.52 | 5.10 | 4.88 | 4.63 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,702,000K ÷ $—K
= —
Fixed asset turnover is a measure of how efficiently a company utilizes its fixed assets to generate revenue. In the case of Textron Inc, the fixed asset turnover has shown a positive trend over the years.
In 2020, the fixed asset turnover ratio was 4.63, indicating that for every dollar invested in fixed assets, Textron generated $4.63 in revenue. This ratio increased to 4.88 in 2021, 5.10 in 2022, and further to 5.52 in 2023, demonstrating an improving efficiency in utilizing its fixed assets to generate revenue.
However, there is missing data for 2024, which hinders a complete analysis of the trend. It would be beneficial to have this information to assess whether Textron Inc's efficiency in utilizing fixed assets continued to improve or if there was a deviation from the positive trend observed in the previous years.
Overall, the increasing trend in fixed asset turnover ratios for Textron Inc suggests that the company has been effectively using its fixed assets to drive revenue generation and maximize operational efficiency.
Peer comparison
Dec 31, 2024