Kyndryl Holdings Inc (KD)
Total asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Dec 31, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,052,000 | 16,457,000 | 16,824,000 | 16,930,000 | 17,025,000 | 17,326,000 | 17,602,000 | |||
| Total assets | US$ in thousands | 10,590,000 | 10,969,000 | 10,602,000 | 10,986,000 | 11,464,000 | 11,851,000 | 11,629,000 | 12,304,000 | 13,213,000 | 12,063,000 |
| Total asset turnover | 1.52 | 1.50 | 1.59 | 1.54 | 1.49 | 1.46 | 1.51 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $16,052,000K ÷ $10,590,000K
= 1.52
Kyndryl Holdings Inc's total asset turnover has shown some variability over the past few quarters. The ratio fluctuated between 1.46 and 1.59, with an average of approximately 1.51. This indicates that, on average, the company generates $1.51 in sales for every $1 of total assets. Overall, the total asset turnover ratio suggests that Kyndryl is effectively utilizing its assets to generate revenue. However, it's important to consider other factors such as industry benchmarks and the company's specific business model to gain a more comprehensive understanding of its asset utilization efficiency.
Peer comparison
Mar 31, 2024