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, 2024 = ÷
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Based on: 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 analysis of the annual financial data reveals several notable trends in key performance indicators over the given period.

Net Sales
Net sales generally exhibit a growth trend from 2005 through 2019, increasing from approximately US$42.3 billion to over US$77 billion. This upward trajectory reflects an expansion phase or increased market demand during these years. However, a sharp decline is observed in 2020, where net sales drop significantly to about US$56.6 billion, possibly indicating external disruptions or adverse business conditions that year. After 2020, the sales recover steadily, rising to above US$80.7 billion by 2024, surpassing previous highs and suggesting strengthening revenues following the downturn.
Total Assets
Total assets maintain an overall upward trend throughout the period, starting at roughly US$45.9 billion in 2005 and increasing to nearly US$162.9 billion in 2024. There are notable accelerations in asset accumulation between 2011 and 2014, and again from 2015 onward, where assets grow substantially. The total asset base more than triples over the near two decades, indicating significant asset investments or expansions. Fluctuations are relatively minor compared to the consistent growth, though a slight decline is observable in 2022 followed by stabilization.
Total Asset Turnover
The total asset turnover ratio shows a declining trend over the analyzed timeframe, starting near 0.92 in 2005 and falling to a low of approximately 0.35 in 2020. This ratio, which measures efficiency in generating sales from assets, decreases steadily with brief minor improvements but remains below historical levels in later years. A gradual increase occurs after 2020, reaching around 0.5 by 2024, but overall the trend implies diminishing efficiency in utilizing assets to generate revenue during much of the period. This decline could indicate that asset growth has outpaced sales growth, possibly due to higher capital investments or changes in operational effectiveness.

In summary, the data indicate robust growth in both sales and asset base until 2019, followed by an acute sales downturn in 2020 with subsequent recovery, alongside a steady increase in total assets over the entire period. The declining asset turnover ratio suggests challenges in maintaining sales efficiency relative to asset size, although some recovery in this ratio is evident in the most recent years.

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.
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Based on: 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
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Based on: 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: 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).