Kennametal Inc (KMT)

Total 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
Total assets	US$ in thousands	2,545,410	2,490,500	2,435,800	2,521,930	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
Total asset turnover		0.77	0.80	0.83	0.81	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

June 30, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,966,846K ÷ $2,545,410K
= 0.77

The total asset turnover ratio of Kennametal Inc. exhibits a general upward trend over the analyzed period, indicating improved efficiency in utilizing its assets to generate sales. Beginning at 0.69 as of September 30, 2020, the ratio slightly declined to 0.65 by December 31, 2020 and March 31, 2021, reflecting a period of reduced asset efficiency. Subsequently, the ratio increased again, reaching 0.69 by June 30, 2021, and continued to demonstrate a steady upward trajectory through 2022 and into 2023, peaking at 0.83 as of September 30, 2023. This sustained increase suggests that the company has become more effective in generating revenue from its asset base during this period.

Following the peak, the ratio stabilized near 0.82 towards the end of 2023 and into early 2024, indicating a period of relative consistency in asset utilization. Later, slight fluctuations occurred, with the ratio declining to 0.77 by June 30, 2025. These changes imply a modest decrease in asset efficiency in the most recent data, though the ratio remains relatively high compared to earlier periods.

Overall, the trend in Kennametal Inc.'s total asset turnover reflects an improvement over time, with periods of stabilization and minor declines, indicating enhanced operational efficiency in leveraging its assets to generate sales across the analyzed timeframe.