WK Kellogg Co (KLG)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,704,000 | 2,695,000 | 2,698,000 |
| Total assets | US$ in thousands | 1,962,000 | 1,900,000 | 1,897,000 |
| Total asset turnover | 1.38 | 1.42 | 1.42 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,704,000K ÷ $1,962,000K
= 1.38
The total asset turnover ratio for WK Kellogg Co for the periods ending June 30, 2024, and September 30, 2024, remained stable at 1.42, indicating that the company generated $1.42 in revenue for every dollar of total assets during those quarters. However, there was a slight dip to 1.38 for the period ending December 31, 2024. This suggests that the company's efficiency in utilizing its assets to generate sales decreased slightly by the end of the year compared to the previous quarters. Further analysis and comparison with industry benchmarks may be necessary to understand the implications of this change in total asset turnover on WK Kellogg Co's operational performance and efficiency.
Peer comparison
Dec 31, 2024