Kimberly-Clark Corporation (KMB)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 20,371,000 | 20,396,000 | 20,317,000 | 20,317,000 | 20,217,000 | 20,153,000 | 20,100,000 | 19,700,000 | 19,300,000 | 19,236,000 | 18,919,000 | 18,819,000 | 19,128,000 | 18,875,000 | 18,832,000 | 18,832,000 | 18,456,000 | 18,456,000 | 18,398,000 | 18,402,000 |
| Total assets | US$ in thousands | 17,344,000 | 17,153,000 | 17,383,000 | 18,177,000 | 17,970,000 | 17,836,000 | 18,114,000 | 18,672,000 | 17,837,000 | 17,775,000 | 17,827,000 | 17,226,000 | 17,523,000 | 16,531,000 | 16,173,000 | 15,677,000 | 15,283,000 | 15,033,000 | 15,347,000 | 15,204,000 |
| Total asset turnover | 1.17 | 1.19 | 1.17 | 1.12 | 1.13 | 1.13 | 1.11 | 1.06 | 1.08 | 1.08 | 1.06 | 1.09 | 1.09 | 1.14 | 1.16 | 1.20 | 1.21 | 1.23 | 1.20 | 1.21 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $20,371,000K ÷ $17,344,000K
= 1.17
Kimberly-Clark Corp.'s total asset turnover has shown fluctuation over the past eight quarters. The ratio indicates the company's efficiency in generating sales revenue relative to its total assets. In Q4 2023 and Q3 2023, there was a slight decrease in total asset turnover compared to the previous quarters. However, the ratio remained relatively stable, ranging between 1.06 and 1.19 over the period. This suggests that Kimberly-Clark Corp. has been effectively utilizing its assets to generate sales revenue. A total asset turnover above 1 indicates that the company is generating more revenue per dollar of assets, which is generally seen as favorable. The trend in total asset turnover should be monitored to assess the company's ongoing operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023
See also:
Kimberly-Clark Corporation Total Asset Turnover (Quarterly Data)