Textron Inc (TXT)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 13,345,000 | 13,286,000 | 13,785,000 |
| Total assets | US$ in thousands | 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 | 15,062,000 | 14,796,000 | 14,480,000 |
| Total asset turnover | 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 | 0.89 | 0.90 | 0.95 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,683,000K ÷ $16,856,000K
= 0.81
The total asset turnover ratio for Textron Inc has ranged from 0.75 to 0.91 over the past several quarters. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio typically signifies that the company is effectively utilizing its assets to generate revenue.
Textron Inc's total asset turnover has shown some fluctuations, with a slight decline in the most recent quarter compared to the previous quarters. It is important for the company to sustain or improve this ratio in order to maximize its asset efficiency and overall financial performance. Further analysis of the underlying factors affecting the total asset turnover could provide insights into Textron Inc's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2023