Kirby Corporation (KEX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,265,880 | 3,091,640 | 2,784,750 | 2,246,660 | 2,171,410 |
| Property, plant and equipment | US$ in thousands | — | — | 3,787,970 | 3,678,520 | 3,917,070 |
| Fixed asset turnover | — | — | 0.74 | 0.61 | 0.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,265,880K ÷ $—K
= —
The fixed asset turnover ratio for Kirby Corporation has shown a positive trend over the past few years. It was 0.55 in December 31, 2020, increased to 0.61 in December 31, 2021, and further improved to 0.74 by December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency. However, there is missing data for December 31, 2023 and December 31, 2024, which makes it difficult to assess the trend accurately for those years. Overall, the increasing trend in fixed asset turnover suggests that Kirby Corporation is effectively utilizing its fixed assets to generate sales revenue.
Peer comparison
Dec 31, 2024