Analysis of Geographic Areas
RTX Corp. operates in 5 regions: United States; Europe; Asia Pacific; Middle East and North Africa; and Other regions.
Area Asset Turnover
RTX Corp., asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 5.19 | 4.55 | 4.76 | 4.76 | 4.20 |
| Europe | 4.62 | 4.02 | 3.42 | 2.89 | 2.70 |
| Asia Pacific | 3.10 | 2.70 | 2.22 | 2.05 | 1.76 |
| Middle East and North Africa | 4.96 | 4.78 | 1.53 | 1.05 | 0.75 |
| Other regions | 4.82 | 3.92 | 3.51 | 3.03 | 2.65 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
| Europe | Europe area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific | Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Middle East and North Africa | Middle East and North Africa area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Other regions | Other regions area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: United States
RTX Corp.; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External net sales | 67,701) | 57,539) | 57,869) | 55,837) | 48,560) |
| Long-lived assets | 13,041) | 12,646) | 12,162) | 11,731) | 11,560) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.19 | 4.55 | 4.76 | 4.76 | 4.20 |
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).
1 2024 Calculation
Area asset turnover = External net sales ÷ Long-lived assets
= 67,701 ÷ 13,041 = 5.19
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Europe
RTX Corp.; Europe; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External net sales | 5,493) | 4,849) | 3,874) | 3,630) | 3,696) |
| Long-lived assets | 1,189) | 1,207) | 1,132) | 1,255) | 1,371) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.62 | 4.02 | 3.42 | 2.89 | 2.70 |
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).
1 2024 Calculation
Area asset turnover = External net sales ÷ Long-lived assets
= 5,493 ÷ 1,189 = 4.62
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Asia Pacific
RTX Corp.; Asia Pacific; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External net sales | 2,587) | 2,182) | 1,778) | 1,748) | 1,574) |
| Long-lived assets | 834) | 808) | 801) | 854) | 893) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.10 | 2.70 | 2.22 | 2.05 | 1.76 |
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).
1 2024 Calculation
Area asset turnover = External net sales ÷ Long-lived assets
= 2,587 ÷ 834 = 3.10
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia Pacific | Asia Pacific area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Middle East and North Africa
RTX Corp.; Middle East and North Africa; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External net sales | 486) | 492) | 173) | 136) | 103) |
| Long-lived assets | 98) | 103) | 113) | 129) | 137) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.96 | 4.78 | 1.53 | 1.05 | 0.75 |
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).
1 2024 Calculation
Area asset turnover = External net sales ÷ Long-lived assets
= 486 ÷ 98 = 4.96
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Middle East and North Africa | Middle East and North Africa area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Other regions
RTX Corp.; Other regions; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| External net sales | 4,471) | 3,858) | 3,380) | 3,037) | 2,654) |
| Long-lived assets | 927) | 984) | 962) | 1,003) | 1,001) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.82 | 3.92 | 3.51 | 3.03 | 2.65 |
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).
1 2024 Calculation
Area asset turnover = External net sales ÷ Long-lived assets
= 4,471 ÷ 927 = 4.82
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other regions | Other regions area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
External net sales
RTX Corp., external net sales by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 67,701) | 57,539) | 57,869) | 55,837) | 48,560) |
| Europe | 5,493) | 4,849) | 3,874) | 3,630) | 3,696) |
| Asia Pacific | 2,587) | 2,182) | 1,778) | 1,748) | 1,574) |
| Middle East and North Africa | 486) | 492) | 173) | 136) | 103) |
| Other regions | 4,471) | 3,858) | 3,380) | 3,037) | 2,654) |
| International | 13,037) | 11,381) | 9,205) | 8,551) | 8,027) |
| Consolidated | 80,738) | 68,920) | 67,074) | 64,388) | 56,587) |
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).
Long-lived assets
RTX Corp., long-lived assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 13,041) | 12,646) | 12,162) | 11,731) | 11,560) |
| Europe | 1,189) | 1,207) | 1,132) | 1,255) | 1,371) |
| Asia Pacific | 834) | 808) | 801) | 854) | 893) |
| Middle East and North Africa | 98) | 103) | 113) | 129) | 137) |
| Other regions | 927) | 984) | 962) | 1,003) | 1,001) |
| International | 3,048) | 3,102) | 3,008) | 3,241) | 3,402) |
| Consolidated | 16,089) | 15,748) | 15,170) | 14,972) | 14,962) |
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).