Kirby Corporation (KEX)

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	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
Total assets	US$ in thousands	5,851,950	5,870,720	5,865,900	5,775,840	5,722,200	5,682,880	5,574,580	5,574,750	5,554,920	5,456,300	5,405,160	5,382,790	5,399,060	5,389,880	5,767,820	5,788,090	5,924,170	5,981,120	6,017,010	6,137,580
Total asset turnover		0.56	0.56	0.54	0.55	0.54	0.53	0.54	0.52	0.50	0.48	0.46	0.44	0.42	0.40	0.35	0.35	0.37	0.39	0.42	0.45

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,265,876K ÷ $5,851,950K
= 0.56

Kirby Corporation's total asset turnover has shown a gradual improvement from 0.45 in March 2020 to 0.56 in December 2024. This indicates that the company has become more efficient in generating revenue relative to its total assets over this period. The increase in total asset turnover suggests that Kirby Corporation is utilizing its assets more effectively to generate sales, which may indicate improved operational efficiency and better utilization of resources. It is important to monitor this ratio over time to assess the company's ability to generate sales from its asset base and ensure sustained efficiency in its operations.