Kimberly-Clark Corporation (KMB)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 20,058,000 | 20,431,000 | 20,175,000 | 19,400,000 | 19,140,000 |
| Total assets | US$ in thousands | 16,546,000 | 17,344,000 | 17,970,000 | 17,837,000 | 17,523,000 |
| Total asset turnover | 1.21 | 1.18 | 1.12 | 1.09 | 1.09 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $20,058,000K ÷ $16,546,000K
= 1.21
Kimberly-Clark Corporation's total asset turnover has shown consistent improvement over the past five years. The ratio has steadily increased from 1.09 in 2020 to 1.21 in 2024. This indicates that the company is generating more revenue relative to its total assets each year. A total asset turnover ratio above 1 suggests that the company is effectively utilizing its assets to generate sales. The increasing trend in this ratio reflects improved efficiency in asset management and sales generation for Kimberly-Clark Corporation.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Kimberly-Clark Corporation
KMB
1.21
Avery Dennison Corp
AVY
1.00