Kellanova (K)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,122,000 | 13,112,000 | 13,108,000 | 13,621,000 | 13,951,000 | 14,207,000 | 14,578,000 | 14,269,000 | 14,181,000 | 14,225,000 | 14,032,000 | 13,942,000 | 13,770,000 | 13,529,000 | 13,472,000 | 13,468,000 | 13,578,000 | 13,672,000 | 13,769,000 | 13,668,000 |
| Total assets | US$ in thousands | 15,621,000 | 18,695,000 | 18,101,000 | 18,630,000 | 18,496,000 | 19,016,000 | 18,937,000 | 18,612,000 | 18,178,000 | 18,407,000 | 18,213,000 | 18,064,000 | 17,996,000 | 18,922,000 | 18,551,000 | 18,240,000 | 17,564,000 | 17,499,000 | 18,669,000 | 18,465,000 |
| Total asset turnover | 0.84 | 0.70 | 0.72 | 0.73 | 0.75 | 0.75 | 0.77 | 0.77 | 0.78 | 0.77 | 0.77 | 0.77 | 0.77 | 0.71 | 0.73 | 0.74 | 0.77 | 0.78 | 0.74 | 0.74 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,122,000K ÷ $15,621,000K
= 0.84
The total asset turnover ratio for Kellanova has been fluctuating over the past several quarters. The ratio indicates how efficiently the company is generating sales revenue from its total assets. A higher ratio suggests that the company is utilizing its assets effectively to generate sales.
Looking at the trend in Kellanova's total asset turnover ratio, we can see that there has been some variability. In the most recent quarter, the total asset turnover ratio was 0.84, which indicates that for every dollar of assets, the company generated $0.84 in sales revenue. This represents an improvement compared to the previous quarter when the ratio was 0.70.
Although there have been fluctuations in the total asset turnover ratio, it generally has been hovering around the range of 0.70 to 0.78 over the past several quarters. This suggests that Kellanova has been maintaining a relatively stable level of efficiency in utilizing its assets to generate sales revenue.
Analyzing the trend in total asset turnover can provide insights into the company's operational efficiency and its ability to generate revenues from its asset base. It may be beneficial for Kellanova to further analyze the factors contributing to the fluctuations in the ratio to identify opportunities for improvement in asset utilization and revenue generation.
Peer comparison
Dec 31, 2023