Kirby Corporation (KEX)

Fixed 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	3,265,876	3,262,737	3,196,360	3,149,218	3,091,640	3,022,629	3,003,700	2,924,416	2,784,754	2,645,855	2,498,932	2,360,592	2,246,660	2,145,150	2,042,797	2,024,332	2,171,408	2,337,579	2,507,821	2,737,704
Property, plant and equipment	US$ in thousands	—	—	—	—	—	3,937,220	3,850,440	3,665,510	3,787,970	3,640,690	3,812,620	3,660,310	3,678,520	3,705,250	4,027,720	3,881,270	3,917,070	3,958,140	3,976,020	3,934,120
Fixed asset turnover		—	—	—	—	—	0.77	0.78	0.80	0.74	0.73	0.66	0.64	0.61	0.58	0.51	0.52	0.55	0.59	0.63	0.70

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,265,876K ÷ $—K
= —

Kirby Corporation's fixed asset turnover has shown a declining trend over the past few years. The ratio decreased from 0.70 as of March 31, 2020, to 0.51 as of June 30, 2021. This indicates that the company generated less revenue relative to its investment in fixed assets during this period.

However, there was a slight improvement in fixed asset turnover from September 30, 2021, to March 31, 2022, reaching 0.64. The ratio continued to increase gradually, reaching 0.80 as of March 31, 2023, indicating that Kirby Corporation was able to generate more revenue from its fixed assets.

Unfortunately, data for the subsequent periods are not available, making it difficult to provide a complete analysis of the current status of fixed asset turnover for Kirby Corporation. It is important for investors and stakeholders to monitor this ratio over time to assess the company's efficiency in utilizing its fixed assets to generate revenue.