Textron Inc (TXT)
Total 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 |
| Total assets | US$ in thousands | 16,838,000 | 16,856,000 | 16,293,000 | 15,827,000 | 15,443,000 |
| Total asset turnover | 0.81 | 0.81 | 0.79 | 0.78 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,702,000K ÷ $16,838,000K
= 0.81
Textron Inc's total asset turnover has been showing a positive trend over the past five years, increasing from 0.75 in December 2020 to 0.81 in December 2024. This indicates that the company is generating more revenue from its assets, which is a positive sign of efficiency in asset utilization. The gradual improvement in total asset turnover suggests that Textron Inc is becoming more effective in generating sales relative to the size of its asset base. This trend could be attributed to improved operational efficiency, better inventory management, or increased productivity. Overall, the increasing total asset turnover reflects positively on Textron Inc's ability to utilize its assets efficiently to drive revenue growth.
Peer comparison
Dec 31, 2024