Knife River Corporation (KNF)
Total 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 |
| Total assets | US$ in thousands | 2,851,200 | 2,599,810 | 2,505,750 | 2,181,820 | — |
| Total asset turnover | 1.02 | 1.09 | 1.01 | 1.02 | — |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,899,000K ÷ $2,851,200K
= 1.02
The total asset turnover of Knife River Corporation has shown some variability over the past five years. In 2021, the total asset turnover was 1.02, indicating that the company generated $1.02 in revenue for every $1 in total assets. The turnover remained relatively stable in 2022 at 1.01 before experiencing an increase to 1.09 in 2023, suggesting an improvement in efficiency in generating revenue from its assets. However, the total asset turnover reverted back to 1.02 in 2024, possibly indicating some challenges in asset utilization during that period. Overall, Knife River Corporation's total asset turnover has fluctuated slightly over the years, reflecting variations in the company's ability to leverage its assets to generate revenue effectively.
Peer comparison
Dec 31, 2024