Knowles Cor (KN)
Fixed asset turnover
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 686,100 | 758,800 | 724,400 | 692,700 | 640,600 | 622,500 | 692,600 | 707,600 | 764,700 | 801,900 | 856,700 | 868,500 | 868,100 | 877,000 | 849,800 | 802,200 | 764,300 | 755,000 | 785,100 | 838,100 |
| Property, plant and equipment | US$ in thousands | 130,100 | 134,400 | 159,400 | 166,300 | 143,000 | 144,600 | 149,900 | 158,500 | 161,800 | 164,400 | 182,200 | 191,700 | 200,800 | 190,600 | 190,200 | 183,600 | 191,500 | 188,600 | 192,800 | 198,400 |
| Fixed asset turnover | 5.27 | 5.65 | 4.54 | 4.17 | 4.48 | 4.30 | 4.62 | 4.46 | 4.73 | 4.88 | 4.70 | 4.53 | 4.32 | 4.60 | 4.47 | 4.37 | 3.99 | 4.00 | 4.07 | 4.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $686,100K ÷ $130,100K
= 5.27
The fixed asset turnover ratio for Knowles Cor has fluctuated over the years based on the data provided. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio indicates that the company is generating more sales revenue per dollar of fixed assets.
The trend analysis shows that the fixed asset turnover ratio ranged from 3.99 to 5.65 over the last few years. There was an increasing trend from March 2020 to September 2022, peaking at 5.65 on September 30, 2024. This indicates that Knowles Cor was effectively utilizing its fixed assets during this period to generate sales.
However, there was a slight dip in the ratio in December 2024 to 5.27. This could suggest a decrease in sales generated per dollar of fixed assets. The company might want to investigate the reasons behind this decline and take necessary steps to improve the efficiency of its fixed asset utilization.
Overall, the fluctuations in the fixed asset turnover ratio for Knowles Cor indicate variations in how efficiently the company was utilizing its fixed assets to generate sales revenue during the period analyzed.
Peer comparison
Dec 31, 2024