Kadant Inc (KAI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,050,980 | 950,662 | 896,492 | 782,025 | 627,794 |
| Total assets | US$ in thousands | 1,430,340 | 1,175,660 | 1,149,880 | 1,132,210 | 927,571 |
| Total asset turnover | 0.73 | 0.81 | 0.78 | 0.69 | 0.68 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,050,980K ÷ $1,430,340K
= 0.73
The total asset turnover ratio for Kadant Inc has shown a gradual improvement over the past five years. Starting at 0.68 in December 31, 2020, the ratio increased to 0.69 in December 31, 2021, then experienced a more significant rise to 0.78 in December 31, 2022. This trend continued with a further increase to 0.81 by December 31, 2023. However, there was a slight decline in the ratio to 0.73 by December 31, 2024. Overall, the company's ability to generate sales from its total assets has been on an upward trajectory, demonstrating better asset utilization efficiency in recent years.
Peer comparison
Dec 31, 2024