Kennametal Inc (KMT)
Fixed asset turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,966,840 | 2,046,900 | 2,078,180 | 2,012,460 | 1,841,440 |
| Property, plant and equipment | US$ in thousands | — | 986,205 | 969,068 | 1,002,040 | 1,055,140 |
| Fixed asset turnover | — | 2.08 | 2.14 | 2.01 | 1.75 |
June 30, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,966,840K ÷ $—K
= —
The fixed asset turnover ratio for Kennametal Inc. demonstrates a positive trend over the analyzed period from June 30, 2021 to June 30, 2024. Specifically, the ratio increased from 1.75 in 2021 to 2.01 in 2022, indicating that the company's efficiency in generating sales from its fixed assets improved during this time. Further growth is observed in 2023, with the ratio reaching 2.14, suggesting continued enhancement in asset utilization. However, in 2024, the ratio slightly declined to 2.08, which may reflect a marginal decrease in asset efficiency or possibly increased investment in fixed assets not immediately contributing to sales. The ratio data for June 30, 2025, is unavailable, and thus, an assessment of the latest year's performance cannot be made. Overall, the trend indicates progressively improved fixed asset utilization over the prior years, with a slight moderation toward 2024.