Kodiak Gas Services, Inc. (KGS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,159,310 | 850,381 | 707,913 | 606,375 | 532,420 |
| Total assets | US$ in thousands | 4,435,120 | 3,244,110 | 3,205,540 | 3,011,600 | 3,295,830 |
| Total asset turnover | 0.26 | 0.26 | 0.22 | 0.20 | 0.16 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,159,310K ÷ $4,435,120K
= 0.26
The total asset turnover ratio for Kodiak Gas Services, Inc. demonstrates a consistent upward trajectory over the period from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 0.16 in 2020 to 0.20 in 2021, reflecting an improvement in the efficiency with which the company utilizes its assets to generate sales. This upward trend continues into 2022, reaching a ratio of 0.22, and further advances to 0.26 in both 2023 and 2024. The stabilization of the ratio at 0.26 during the last two years indicates that the company has maintained its asset efficiency at this higher level. Overall, the progressive increase in total asset turnover suggests that Kodiak Gas Services has enhanced its operational efficiency, generating higher sales per dollar of assets over time.
Peer comparison
Dec 31, 2024