Knight Transportation Inc (KNX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,410,080 | 7,141,770 | 7,428,580 | 5,998,020 | 4,673,860 |
| Property, plant and equipment | US$ in thousands | — | — | 4,027,400 | 3,702,900 | 2,992,650 |
| Fixed asset turnover | — | — | 1.84 | 1.62 | 1.56 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $7,410,080K ÷ $—K
= —
The fixed asset turnover ratio for Knight Transportation Inc has shown a positive trend over the years, increasing from 1.56 in December 31, 2020, to 1.62 in December 31, 2021, and further to 1.84 in December 31, 2022. This indicates that the company is generating more revenue relative to its investments in fixed assets, reflecting improved efficiency in asset utilization.
However, it is noted that the data is missing for December 31, 2023 and December 31, 2024, which limits the ability to analyze the trend comprehensively. It is advisable for the company to ensure the availability of complete and accurate financial data to enable a more robust evaluation of its fixed asset turnover ratio and overall financial performance.
Peer comparison
Dec 31, 2024