Kellanova (K)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	12,749,000	10,714,000	10,736,000	10,895,000	11,037,000	13,781,000	14,472,000	14,985,000	15,315,000	14,902,000	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
Total assets	US$ in thousands	15,628,000	15,763,000	15,299,000	15,315,000	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
Total asset turnover		0.82	0.68	0.70	0.71	0.71	0.74	0.80	0.80	0.83	0.78	0.77	0.77	0.78	0.77	0.77	0.77	0.77	0.71	0.73	0.74

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,749,000K ÷ $15,628,000K
= 0.82

The total asset turnover of Kellanova has fluctuated over the years, starting at 0.74 on March 31, 2020, decreasing slightly to 0.73 by June 30, 2020, and further declining to 0.71 by September 30, 2020. However, from December 31, 2020, the total asset turnover showed a positive trend, reaching its peak at 0.83 on December 31, 2022.

After that peak, the total asset turnover slightly decreased but remained relatively stable around 0.77 to 0.80 until March 31, 2024. From there, a decreasing trend was observed, with the total asset turnover dropping to 0.68 by September 30, 2024. This might indicate a potential inefficiency in utilizing the company's assets to generate revenue.

Overall, fluctuations in the total asset turnover of Kellanova suggest changes in its asset utilization efficiency over the years, which could be influenced by various internal and external factors impacting the company's operations and financial performance.