Kennametal Inc (KMT)
Fixed asset turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,966,846 | 1,993,706 | 2,023,101 | 2,036,370 | 2,046,898 | 2,053,824 | 2,074,066 | 2,075,867 | 2,078,183 | 2,057,965 | 2,034,188 | 2,023,740 | 2,012,457 | 1,998,412 | 1,970,811 | 1,924,645 | 1,841,441 | 1,704,523 | 1,702,949 | 1,767,522 |
| Property, plant and equipment | US$ in thousands | — | 955,719 | 954,264 | 991,739 | — | — | — | 958,246 | 969,068 | 974,917 | 981,566 | 972,530 | 1,002,040 | 1,012,260 | 1,022,770 | 1,036,430 | 1,055,140 | 1,053,990 | 1,073,470 | 1,054,210 |
| Fixed asset turnover | — | 2.09 | 2.12 | 2.05 | — | — | — | 2.17 | 2.14 | 2.11 | 2.07 | 2.08 | 2.01 | 1.97 | 1.93 | 1.86 | 1.75 | 1.62 | 1.59 | 1.68 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,966,846K ÷ $—K
= —
The fixed asset turnover ratio for Kennametal Inc. exhibits a general upward trend from September 30, 2020, through September 30, 2023, indicating an increasing efficiency in utilizing its fixed assets to generate sales. Starting at 1.68 in September 2020, the ratio decreased slightly to 1.59 by December 31, 2020, but then resumed an upward trajectory, reaching 2.17 by September 30, 2023. This steady increase suggests improvements in operational efficiency, potentially due to optimized asset management or enhanced sales relative to fixed assets.
Between September 2023 and December 2024, the ratio displays minor fluctuations, rising from 2.05 to 2.12 before decreasing slightly to 2.09 in March 2025. These variations may reflect changes in asset base and sales performance, but the overall level remains higher than at the start of the analyzed period, demonstrating sustained efficiency.
Overall, the data indicates that Kennametal Inc. has progressively enhanced its ability to generate sales from its fixed assets over the observed period, with notable increases in the ratio aligning with operational improvements. The ratio’s stabilization and slight fluctuations post-2023 suggest a mature phase of efficiency, with ongoing management efforts likely maintaining or slightly improving asset productivity.