Knife River Corporation (KNF)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,899,000 | 2,830,350 | 2,534,730 | 2,228,930 | 2,178,000 |
| Property, plant and equipment | US$ in thousands | — | — | 1,361,090 | 1,300,440 | — |
| Fixed asset turnover | — | — | 1.86 | 1.71 | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,899,000K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company utilizes its fixed assets to generate sales revenue. In the case of Knife River Corporation, the fixed asset turnover has shown some variability over the years.
As of December 31, 2021, the fixed asset turnover was 1.71, indicating that Knife River generated $1.71 in sales for every dollar invested in fixed assets. This suggests a moderate level of efficiency in utilizing fixed assets to drive revenue.
By December 31, 2022, the fixed asset turnover improved to 1.86, showing an increase in efficiency in utilizing fixed assets to generate sales revenue compared to the previous year.
However, the data is not available for December 31, 2020, 2023, and 2024, which limits the ability to analyze the trend over a consistent period.
Overall, the increasing trend in fixed asset turnover from 2021 to 2022 indicates a positive development in Knife River Corporation's ability to generate sales from its fixed asset base.
Peer comparison
Dec 31, 2024