Knowles Cor (KN)
Fixed asset turnover
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 707,600 | 689,500 | 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 | 854,800 | 844,700 | 845,000 | 828,200 |
| Property, plant and equipment | US$ in thousands | 175,400 | 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 | 206,500 | 207,500 | 211,900 | 216,100 |
| Fixed asset turnover | 4.03 | 4.77 | 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 | 4.14 | 4.07 | 3.99 | 3.83 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $707,600K ÷ $175,400K
= 4.03
The fixed asset turnover for Knowles Corp has been relatively stable over the past eight quarters, ranging from 4.03 to 4.88. This ratio measures the company's efficiency in generating sales revenue from its investment in fixed assets. A high fixed asset turnover indicates that the company is effectively utilizing its fixed assets to generate revenue.
Knowles Corp's fixed asset turnover has generally remained above 4, indicating that the company is efficiently using its fixed assets to generate sales. However, there has been a slight fluctuation in the ratio, with Q3 2022 showing the highest turnover of 4.88 and Q4 2023 showing the lowest turnover of 4.03.
Overall, the trend in fixed asset turnover suggests that Knowles Corp has been effectively managing and utilizing its fixed assets to generate revenue, although there may be some variability in efficiency over different quarters.
Peer comparison
Dec 31, 2023