Kirby Corporation (KEX)

Total 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
Total assets US$ in thousands 5,851,950 5,722,200 5,554,920 5,399,060 5,924,170
Total asset turnover 0.56 0.54 0.50 0.42 0.37

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,265,880K ÷ $5,851,950K
= 0.56

The total asset turnover ratio for Kirby Corporation has shown a positive trend over the years, increasing from 0.37 in 2020 to 0.56 in 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in utilizing its assets to generate sales. A higher total asset turnover ratio suggests that Kirby Corporation is effectively managing its assets to generate more sales revenue. This improving trend can signify enhanced operational efficiency and potentially better business performance in utilizing its asset base.