Knife River Corporation (KNF)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,830,347 | |||
| Total current assets | US$ in thousands | 913,543 | 1,011,380 | 958,326 | 639,158 |
| Total current liabilities | US$ in thousands | 347,271 | 424,967 | 384,356 | 473,155 |
| Working capital turnover | 5.00 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,830,347K ÷ ($913,543K – $347,271K)
= 5.00
The working capital turnover ratio of Knife River Corporation for the year 2023 is 5.00. This ratio indicates that Knife River Corporation generated $5.00 in revenue for every $1.00 of working capital available throughout the year. A higher working capital turnover ratio implies that the company efficiently utilizes its working capital to generate sales. In this case, a ratio of 5.00 suggests that Knife River Corporation is effectively managing its working capital to support its operations and drive revenue growth.
Peer comparison
Dec 31, 2023
Company name
Symbol
Working capital turnover
Knife River Corporation
KNF
5.00
Martin Marietta Materials Inc
MLM
2.41
MDU Resources Group Inc
MDU
17.24
Vulcan Materials Company
VMC
4.51