Knife River Corporation (KNF)
Fixed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,899,002 | 2,888,686 | 2,873,766 | 2,852,060 | 2,830,370 | 2,720,992 | 2,606,050 | 2,532,663 | 2,534,729 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,343,840 | 1,311,470 | 1,361,360 | 1,361,090 |
| Fixed asset turnover | — | — | — | — | — | 2.02 | 1.99 | 1.86 | 1.86 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,899,002K ÷ $—K
= —
The fixed asset turnover ratio for Knife River Corporation has been relatively stable and increasing gradually over the analyzed periods. It was 1.86 as of December 31, 2022, and maintained the same level for the subsequent quarter ending March 31, 2023. There was a slight improvement to 1.99 as of June 30, 2023, followed by a further increase to 2.02 by September 30, 2023. However, the data from December 31, 2023, through December 31, 2024, is not available.
This pattern indicates that Knife River Corporation has been using its fixed assets more efficiently to generate revenue in recent periods. A higher fixed asset turnover ratio suggests that the company is generating more revenue for each dollar invested in fixed assets, which is generally considered favorable. It demonstrates effective management of fixed assets and operational efficiency in utilizing these assets to drive sales.
As the fixed asset turnover ratio is increasing, it indicates that Knife River Corporation may be effectively managing its fixed assets and optimizing their utilization to generate revenue. It is essential for investors and stakeholders to continue monitoring this ratio in future reports to assess the company’s ongoing efficiency in managing its fixed assets for revenue generation.
Peer comparison
Dec 31, 2024