Knife River Corporation (KNF)
Total 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 |
| Total assets | US$ in thousands | 2,851,200 | 2,884,120 | 2,682,860 | 2,513,640 | 2,599,800 | 2,680,880 | 2,642,900 | 2,326,770 | 2,505,750 |
| Total asset turnover | 1.02 | 1.00 | 1.07 | 1.13 | 1.09 | 1.01 | 0.99 | 1.09 | 1.01 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,899,002K ÷ $2,851,200K
= 1.02
Based on the provided data, Knife River Corporation's total asset turnover ratio has exhibited some fluctuations over the analyzed period. The total asset turnover ratio measures the efficiency of the company in generating sales revenue relative to its total assets.
In December 2022, the total asset turnover ratio stood at 1.01, indicating that Knife River Corporation generated $1.01 in sales for every $1 of total assets. Subsequently, the ratio increased to 1.09 by March 2023, signaling improved asset utilization efficiency.
However, there was a slight dip in asset turnover to 0.99 by June 2023, suggesting a temporary decrease in sales generated per dollar of assets. The ratio rebounded to 1.01 by September 2023, indicating a recovery in asset efficiency.
Between December 2023 and June 2024, the total asset turnover ratio showed a generally increasing trend, reaching its peak at 1.13 in March 2024. This peak suggests that the company was highly effective in utilizing its assets to drive sales during that period.
Subsequently, there was a slight decrease in the ratio to 1.07 by June 2024, followed by a further decline to 1.00 by September 2024. These reductions may indicate potential challenges in asset management or a decrease in sales relative to total assets.
By December 2024, the total asset turnover ratio had slightly improved to 1.02. Overall, Knife River Corporation's total asset turnover ratio displayed variability throughout the analyzed period, emphasizing the importance of consistently monitoring and improving asset efficiency to enhance overall financial performance.
Peer comparison
Dec 31, 2024