Kadant Inc (KAI)
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 | 1,050,980 | 1,018,692 | 994,700 | 967,892 | 950,662 | 940,848 | 921,395 | 898,831 | 896,492 | 886,251 | 861,715 | 835,956 | 782,025 | 731,855 | 686,323 | 642,488 | 627,800 | 643,346 | 660,835 | 683,520 |
| Total assets | US$ in thousands | 1,430,340 | 1,489,340 | 1,456,030 | 1,409,430 | 1,175,660 | 1,154,100 | 1,161,420 | 1,169,140 | 1,149,880 | 1,106,850 | 1,124,000 | 1,144,270 | 1,132,210 | 1,133,130 | 1,029,480 | 935,665 | 927,571 | 913,891 | 915,292 | 909,048 |
| Total asset turnover | 0.73 | 0.68 | 0.68 | 0.69 | 0.81 | 0.82 | 0.79 | 0.77 | 0.78 | 0.80 | 0.77 | 0.73 | 0.69 | 0.65 | 0.67 | 0.69 | 0.68 | 0.70 | 0.72 | 0.75 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,050,980K ÷ $1,430,340K
= 0.73
The total asset turnover of Kadant Inc, a measure of how efficiently the company is utilizing its assets to generate revenue, has fluctuated over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.75 in March 2020, declined gradually to 0.65 by September 30, 2021, and then showed a continuous improvement trend to reach 0.81 by December 31, 2023.
However, there were fluctuations in the total asset turnover ratio during the following periods until December 31, 2024. The ratio stood at 0.69 on March 31, 2024, decreased slightly to 0.68 by June 30, 2024, went back up to 0.73 by December 31, 2024. Overall, the company's total asset turnover ratio seems to have recovered and improved from the decline observed in the earlier periods, indicating potentially better management of assets to generate revenue efficiently.
Peer comparison
Dec 31, 2024