Knowles Cor (KN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 553,500 | 456,800 | 764,700 | 868,100 | 764,300 |
| Total assets | US$ in thousands | 1,118,200 | 1,462,800 | 1,183,900 | 1,731,600 | 1,654,900 |
| Total asset turnover | 0.49 | 0.31 | 0.65 | 0.50 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $553,500K ÷ $1,118,200K
= 0.49
Knowles Cor's total asset turnover has shown fluctuating trends over the past five years. The ratio increased from 0.46 in December 2020 to 0.50 in December 2021, indicating a slight improvement in the company's efficiency in generating sales relative to its total assets.
In December 2022, there was a significant jump in total asset turnover to 0.65, suggesting that Knowles Cor managed to generate more revenue for each dollar of assets invested during that period. However, this trend reversed sharply in December 2023 with a drop to 0.31, indicating a decrease in the company's ability to utilize its assets efficiently to drive sales.
The total asset turnover ratio recovered to 0.49 in December 2024, showing some improvement from the previous year but still below the peak observed in 2022. Overall, Knowles Cor's total asset turnover has displayed variability over the years, signaling potential fluctuations in how effectively the company is using its assets to generate revenue.
Peer comparison
Dec 31, 2024