Stock Analysis on Net

General Dynamics Corp. (NYSE:GD)

This company has been moved to the archive! The financial data has not been updated since October 28, 2020.

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

General Dynamics Corp., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net fixed asset turnover 8.79 8.32 8.81 9.04 9.08
Net fixed asset turnover (including operating lease, right-of-use asset) 6.66 8.32 8.81 9.04 9.08
Total asset turnover 0.81 0.80 0.88 0.95 0.98
Equity turnover 2.90 3.08 2.71 2.86 2.93

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Dynamics Corp. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). General Dynamics Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Dynamics Corp. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Dynamics Corp. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Net Fixed Asset Turnover

General Dynamics Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 39,350 36,193 30,973 31,353 31,469
Property, plant and equipment, net 4,475 4,348 3,517 3,467 3,466
Long-term Activity Ratio
Net fixed asset turnover1 8.79 8.32 8.81 9.04 9.08
Benchmarks
Net Fixed Asset Turnover, Competitors2
Boeing Co. 6.12
Caterpillar Inc. 3.93
Cummins Inc. 5.55
General Electric Co. 2.02
Honeywell International Inc. 6.89
Lockheed Martin Corp. 9.07
RTX Corp. 6.04
Net Fixed Asset Turnover, Sector
Capital Goods 4.22
Net Fixed Asset Turnover, Industry
Industrials 2.76

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Net fixed asset turnover = Revenue ÷ Property, plant and equipment, net
= 39,350 ÷ 4,475 = 8.79

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Dynamics Corp. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

General Dynamics Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 39,350 36,193 30,973 31,353 31,469
 
Property, plant and equipment, net 4,475 4,348 3,517 3,467 3,466
Right-of-use (ROU) assets, operating leases (included in Noncurrent other assets) 1,432
Property, plant and equipment, net (including operating lease, right-of-use asset) 5,907 4,348 3,517 3,467 3,466
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 6.66 8.32 8.81 9.04 9.08
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Boeing Co. 5.59
Caterpillar Inc. 3.75
Cummins Inc. 4.97
General Electric Co. 1.89
Honeywell International Inc. 6.12
Lockheed Martin Corp. 7.88
RTX Corp. 5.02
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Capital Goods 3.85
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Industrials 2.57

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenue ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 39,350 ÷ 5,907 = 6.66

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). General Dynamics Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2017 to 2018 and from 2018 to 2019.

Total Asset Turnover

General Dynamics Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 39,350 36,193 30,973 31,353 31,469
Total assets 48,841 45,408 35,046 32,872 31,997
Long-term Activity Ratio
Total asset turnover1 0.81 0.80 0.88 0.95 0.98
Benchmarks
Total Asset Turnover, Competitors2
Boeing Co. 0.57
Caterpillar Inc. 0.65
Cummins Inc. 1.19
General Electric Co. 0.33
Honeywell International Inc. 0.63
Lockheed Martin Corp. 1.26
RTX Corp. 0.55
Total Asset Turnover, Sector
Capital Goods 0.55
Total Asset Turnover, Industry
Industrials 0.62

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Total asset turnover = Revenue ÷ Total assets
= 39,350 ÷ 48,841 = 0.81

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Dynamics Corp. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Equity Turnover

General Dynamics Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Revenue 39,350 36,193 30,973 31,353 31,469
Shareholders’ equity 13,577 11,732 11,435 10,976 10,738
Long-term Activity Ratio
Equity turnover1 2.90 3.08 2.71 2.86 2.93
Benchmarks
Equity Turnover, Competitors2
Boeing Co.
Caterpillar Inc. 3.48
Cummins Inc. 3.14
General Electric Co. 3.09
Honeywell International Inc. 1.98
Lockheed Martin Corp. 19.13
RTX Corp. 1.84
Equity Turnover, Sector
Capital Goods 3.92
Equity Turnover, Industry
Industrials 3.73

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Equity turnover = Revenue ÷ Shareholders’ equity
= 39,350 ÷ 13,577 = 2.90

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Dynamics Corp. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.