Kennametal Inc (KMT)
Total 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 |
| Total assets | US$ in thousands | 2,545,410 | 2,503,760 | 2,547,230 | 2,573,520 | 2,665,760 |
| Total asset turnover | 0.77 | 0.82 | 0.82 | 0.78 | 0.69 |
June 30, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,966,840K ÷ $2,545,410K
= 0.77
The total asset turnover ratio of Kennametal Inc demonstrates a trend of gradual improvement over the specified period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 0.69 in 2021 to 0.78 in 2022, indicating enhanced efficiency in utilizing total assets to generate sales. The ratio further rose to 0.82 in both 2023 and 2024, signaling sustained operational efficiency and possibly an improved sales-to-asset relationship during these years. However, there is a slight decline to 0.77 in 2025, suggesting a minor reduction in asset utilization efficiency relative to the previous two years. Overall, the ratio's upward trend in preceding years reflects progress in asset management effectiveness; nonetheless, the slight decrease in the final year warrants ongoing scrutiny to understand underlying operational factors affecting asset productivity.