Textron Inc (TXT)
Total 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 |
| Total assets | US$ in thousands | 16,838,000 | 16,452,000 | 16,414,000 | 16,856,000 | 16,492,000 | 16,485,000 | 16,393,000 | 16,293,000 | 15,956,000 | 15,879,000 | 15,911,000 | 15,827,000 | 15,269,000 | 15,379,000 | 15,414,000 | 15,443,000 | 15,861,000 | 15,471,000 | 15,946,000 | 15,018,000 |
| Total asset turnover | 0.84 | 0.84 | 0.84 | 0.81 | 0.81 | 0.80 | 0.79 | 0.79 | 0.79 | 0.79 | 0.79 | 0.78 | 0.83 | 0.81 | 0.76 | 0.75 | 0.76 | 0.81 | 0.83 | 0.91 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,067,000K ÷ $16,838,000K
= 0.84
The total asset turnover ratio for Textron Inc has shown fluctuating trends over the period from December 31, 2019, to December 31, 2024. Initially standing at 0.91 in December 2019, the ratio gradually decreased to 0.75 by December 2020, indicating that the company generated $0.75 in revenue for every dollar of assets it held. However, the ratio began to improve from March 2021 onwards, reaching 0.81 by September 2021.
Throughout the subsequent periods, Textron Inc maintained a relatively stable total asset turnover ratio, hovering around the range of 0.79 to 0.84. This suggests that the company's efficiency in utilizing its assets to generate revenue remained consistent during this time frame.
Overall, the total asset turnover ratio of Textron Inc provides insights into the company's ability to generate sales relative to its total assets. A higher ratio is generally a positive indicator as it implies that the company is efficiently utilizing its assets to drive revenue.
Peer comparison
Dec 31, 2024