Kimberly-Clark Corporation (KMB)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,400,000 | 20,175,000 | 19,400,000 | 19,140,000 | 18,450,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,970,000 | 17,837,000 | 17,523,000 | 15,283,000 |
| Total asset turnover | 1.18 | 1.12 | 1.09 | 1.09 | 1.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,400,000K ÷ $17,344,000K
= 1.18
The total asset turnover ratio for Kimberly-Clark Corp. has fluctuated over the past five years, ranging from 1.09 to 1.21. The ratio indicates how efficiently the company generates sales revenue in relation to its total assets.
A total asset turnover ratio of 1.18 in 2023 suggests that for each dollar of total assets, Kimberly-Clark generated $1.18 in sales. This indicates an improvement from the previous year, where the ratio was 1.12.
The trend over the five-year period shows some variation but relatively stable performance in utilizing its assets to generate revenue. The company has been able to effectively utilize its assets to drive sales, with higher ratios indicating more efficient asset utilization.
However, it is important to consider industry benchmarks and compare the ratio with competitors to gain a better understanding of Kimberly-Clark's performance in utilizing its assets effectively to drive sales. Further analysis of the company's operational efficiency and profitability metrics would provide more insights into its overall financial health.
Peer comparison
Dec 31, 2023