Textron Inc (TXT)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 14,067,000 | 13,797,000 | 13,794,000 | 13,683,000 | 13,427,000 | 13,162,000 | 12,892,000 | 12,869,000 | 12,555,000 | 12,467,000 | 12,504,000 | 12,382,000 | 12,727,000 | 12,472,000 | 11,753,000 | 11,651,000 | 12,019,000 | 12,543,000 | 13,298,000 | 13,630,000 |
| Property, plant and equipment | US$ in thousands | — | -5,451,000 | -5,286,000 | 2,477,000 | -5,261,000 | -5,212,000 | 2,505,000 | 2,523,000 | 2,443,000 | 2,828,000 | 2,855,000 | 2,538,000 | 2,857,000 | 2,862,000 | — | 2,516,000 | 2,438,000 | — | 2,483,000 | 2,527,000 |
| Fixed asset turnover | — | — | — | 5.52 | — | — | 5.15 | 5.10 | 5.14 | 4.41 | 4.38 | 4.88 | 4.45 | 4.36 | — | 4.63 | 4.93 | — | 5.36 | 5.39 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,067,000K ÷ $—K
= —
Textron Inc's fixed asset turnover ratio has fluctuated over the periods provided. Generally, a higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
In 2019 and 2020, the fixed asset turnover was relatively high, indicating that Textron was efficiently utilizing its fixed assets to generate sales. However, there was a slight decline in this ratio in the following periods, with it reaching a low of 4.36 in June 2021.
From September 2021 to December 2023, the fixed asset turnover ratio showed some recovery, increasing gradually. This improvement suggests that Textron was becoming more efficient in generating revenue from its fixed assets during this period.
It is worth noting that there were some periods where the fixed asset turnover ratio was not provided, which may indicate a lack of data or changes in reporting practices.
Overall, the trend in Textron Inc's fixed asset turnover ratio indicates fluctuations in the efficiency of the company's utilization of its fixed assets to generate sales.
Peer comparison
Dec 31, 2024