Knowles Cor (KN)
Total 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 |
| Total assets | US$ in thousands | 1,118,200 | 1,171,300 | 1,178,100 | 1,483,400 | 1,462,800 | 1,182,200 | 1,176,000 | 1,195,500 | 1,183,900 | 1,436,700 | 1,458,400 | 1,718,700 | 1,731,600 | 1,723,200 | 1,681,900 | 1,675,300 | 1,654,900 | 1,667,700 | 1,687,700 | 1,696,800 |
| Total asset turnover | 0.61 | 0.65 | 0.61 | 0.47 | 0.44 | 0.53 | 0.59 | 0.59 | 0.65 | 0.56 | 0.59 | 0.51 | 0.50 | 0.51 | 0.51 | 0.48 | 0.46 | 0.45 | 0.47 | 0.49 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $686,100K ÷ $1,118,200K
= 0.61
The total asset turnover of Knowles Cor has shown some fluctuations over the reporting period, ranging from 0.45 to 0.65. This ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is more efficient in utilizing its assets to generate sales.
From March 2020 to December 2022, the total asset turnover was relatively stable, hovering around 0.45 to 0.51. However, there was a noticeable increase in the ratio from June 2022 to December 2024, peaking at 0.65 in September 2024, which suggests an improvement in the company's asset utilization efficiency during this period.
The sudden drop in the total asset turnover to 0.44 in December 2023 may raise concerns about the company's ability to generate sales from its assets efficiently during that period. Further analysis is needed to understand the reasons behind this decline and evaluate its potential impact on the company's overall performance.
Overall, the trend in Knowles Cor's total asset turnover indicates both stability and improvement in asset utilization efficiency, with some fluctuations observed throughout the reporting period.
Peer comparison
Dec 31, 2024