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.