Knife River Corporation (KNF)
Working capital 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 current assets | US$ in thousands | 987,668 | 913,543 | 813,693 | 542,630 | — |
| Total current liabilities | US$ in thousands | 370,037 | 347,271 | 286,006 | 357,201 | — |
| Working capital turnover | 4.69 | 5.00 | 4.80 | 12.02 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,899,000K ÷ ($987,668K – $370,037K)
= 4.69
The working capital turnover for Knife River Corporation has shown some fluctuations over the years. In 2021, the company achieved a working capital turnover ratio of 12.02, reflecting its ability to efficiently utilize its working capital to generate revenue. However, this ratio decreased significantly in 2022 to 4.80, indicating a less efficient management of working capital.
In the following years, the company improved its working capital turnover slightly to 5.00 in 2023 and 4.69 in 2024. Despite the improvements in the later years, the working capital turnover still remains lower than the exceptional performance seen in 2021.
Overall, Knife River Corporation should continue monitoring and managing its working capital effectively to optimize its operations and enhance financial performance.
Peer comparison
Dec 31, 2024