Knowles Cor (KN)
Total 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 |
| Total assets | US$ in thousands | 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 | 1,654,600 | 1,607,500 | 1,585,800 | 1,575,000 |
| Total asset turnover | 0.48 | 0.58 | 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 | 0.52 | 0.53 | 0.53 | 0.53 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $707,600K ÷ $1,462,800K
= 0.48
Knowles Corp's total asset turnover has shown some fluctuations over the past eight quarters. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets. A higher ratio indicates better asset utilization.
In Q4 2023, the total asset turnover ratio was 0.48, lower than the previous quarter's ratio of 0.58. This suggests that Knowles Corp generated $0.48 in sales for every dollar of total assets during the quarter, indicating a decrease in asset efficiency.
Looking back over the past eight quarters, the total asset turnover ratio has ranged from 0.48 to 0.65. The highest ratio was observed in Q4 2022, indicating higher asset turnover efficiency at that time.
Overall, Knowles Corp's total asset turnover has experienced some variability, highlighting the importance of monitoring asset utilization trends to assess the company's operational efficiency and potential for revenue generation.
Peer comparison
Dec 31, 2023