Stock Analysis on Net
Stock Analysis on Net

RTX Corp. (NYSE:RTX)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

RTX Corp., total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Net sales1 ÷ Total assets1
Dec 31, 2025 = ÷
Dec 31, 2024 = ÷
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Dec 31, 2021 = ÷
Dec 31, 2020 = ÷
Dec 31, 2019 = ÷
Dec 31, 2018 = ÷
Dec 31, 2017 = ÷
Dec 31, 2016 = ÷
Dec 31, 2015 = ÷
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Dec 31, 2013 = ÷
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Dec 31, 2008 = ÷
Dec 31, 2007 = ÷
Dec 31, 2006 = ÷
Dec 31, 2005 = ÷

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The total asset turnover ratio for the period examined demonstrates a fluctuating pattern over the twenty-year span. Initially, the ratio exhibited relative stability, followed by a significant decline and subsequent modest recovery.

Initial Period (2005-2007)
From 2005 to 2007, the ratio ranged between 0.92 and 0.99. This indicates a generally consistent level of sales generation relative to the asset base. A slight increase from 0.92 in 2005 to 1.00 in 2006 was observed, followed by a minor decrease to 0.99 in 2007.
Period of Stability and Decline (2008-2010)
The ratio peaked at 1.03 in 2008 before declining to 0.94 in 2009 and remaining at 0.93 in 2010. While the 2008 value represents the highest point in the observed period, the subsequent decline suggests a potential weakening in the efficiency of asset utilization.
Significant Decline (2011-2015)
A substantial decrease in the total asset turnover ratio is evident from 2011 onwards. The ratio fell from 0.95 in 2011 to 0.62 in 2017. This period coincides with a considerable increase in total assets, while net sales did not increase proportionally. The lowest point was reached in 2017.
Modest Recovery and Recent Trends (2018-2025)
From 2018 to 2025, the ratio experienced a modest recovery, rising from 0.50 to 0.52. However, it remained significantly lower than the levels observed prior to 2011. The ratio reached 0.35 in 2020, the lowest value in the period, before gradually increasing. The increase to 0.52 in 2025 suggests a slight improvement in asset utilization, but the ratio remains comparatively low.

Overall, the trend indicates a diminishing ability to generate sales from its asset base over the analyzed timeframe. The substantial increase in total assets, particularly from 2018 onwards, without a corresponding increase in net sales appears to be the primary driver of this decline. The recent slight recovery suggests potential operational adjustments, but further monitoring is necessary to determine if this trend will continue.

Comparison to Competitors

RTX Corp., total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
RTX Corp. Boeing Co. Caterpillar Inc. Eaton Corp. plc GE Aerospace Honeywell International Inc. Lockheed Martin Corp.
Dec 31, 2025
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

RTX Corp., total asset turnover, long-term trends, comparison to sector (capital goods)

Microsoft Excel
RTX Corp. Capital Goods
Dec 31, 2025
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Dec 31, 2017
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

RTX Corp., total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel
RTX Corp. Industrials
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 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), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).