Kennametal Inc (KMT)

Total asset turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	2,046,898	2,053,825	2,074,067	2,075,868	2,078,184	2,057,964	2,034,187	2,023,739	2,012,456	1,998,412	1,970,811	1,924,645	1,841,441	1,704,523	1,702,949	1,767,522	1,885,305	2,110,201	2,224,321	2,306,635
Total assets	US$ in thousands	2,503,760	2,518,640	2,544,350	2,512,760	2,547,230	2,603,580	2,578,600	2,516,210	2,573,520	2,659,510	2,610,870	2,607,570	2,665,760	2,614,980	2,614,830	2,559,000	3,037,590	2,538,100	2,623,030	2,599,400
Total asset turnover		0.82	0.82	0.82	0.83	0.82	0.79	0.79	0.80	0.78	0.75	0.75	0.74	0.69	0.65	0.65	0.69	0.62	0.83	0.85	0.89

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,046,898K ÷ $2,503,760K
= 0.82

Kennametal Inc's total asset turnover ratio has been relatively stable over the past few quarters, with values hovering around 0.80. This indicates that the company generated approximately $0.80 in revenue for every dollar of assets it possessed during these periods.

The ratios in the range of 0.79 to 0.83 suggest that Kennametal is effectively utilizing its assets to generate sales. However, a slight decline in the ratio in some quarters, such as in the last two quarters of 2022 and the first quarter of 2021, may indicate a potential decrease in efficiency in asset utilization during those periods.

Overall, the trend in total asset turnover for Kennametal Inc indicates fair efficiency in utilizing its assets to generate revenue, but there may be room for further improvement to optimize asset management and productivity. This could potentially lead to increased profitability and performance for the company in the future.