Kellanova (K)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,749,000 | 13,122,000 | 12,653,000 | 11,747,000 | 13,770,000 |
| Property, plant and equipment | US$ in thousands | — | — | 4,406,000 | 4,467,000 | 3,713,000 |
| Fixed asset turnover | — | — | 2.87 | 2.63 | 3.71 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,749,000K ÷ $—K
= —
The fixed asset turnover ratio for Kellanova has shown a declining trend over the years. In 2020, the ratio stood at 3.71, indicating that the company generated $3.71 in sales for every dollar invested in fixed assets. However, by the end of 2021, the ratio decreased to 2.63, suggesting a decrease in efficiency in utilizing fixed assets to generate sales.
Although there was a slight improvement in 2022, with the fixed asset turnover ratio increasing to 2.87, the company's ability to generate sales from fixed assets remains below the 2020 level. The absence of data for 2023 and 2024 makes it challenging to assess the recent performance.
Overall, the decreasing trend in the fixed asset turnover ratio raises concerns about the company's efficiency in utilizing its fixed assets to generate sales. Further analysis and monitoring of this ratio in the upcoming years will be essential to evaluate the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024