Knife River Corporation (KNF)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,830,347 | |||
| Total assets | US$ in thousands | 2,599,810 | 2,680,880 | 2,642,900 | 2,326,770 |
| Total asset turnover | 1.09 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,830,347K ÷ $2,599,810K
= 1.09
The total asset turnover ratio for Knife River Corporation was 1.09 as of December 31, 2023. This indicates that for every dollar of total assets the company had at the end of the year, it generated $1.09 in sales revenue. A total asset turnover ratio greater than 1 typically signifies efficient utilization of assets to generate sales. In this case, the ratio suggests that Knife River Corporation was effective in generating revenue relative to its asset base at the end of the period. It is worth noting that changes in the total asset turnover ratio over time can provide insights into the company's efficiency in managing its assets and generating sales.
Peer comparison
Dec 31, 2023