Knight Transportation Inc (KNX)

Fixed 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 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Revenue (ttm) US$ in thousands 7,410,080 7,477,720 7,620,980 7,327,310 7,141,770 6,953,470 6,830,370 7,238,520 7,428,580 7,501,820 7,247,420 6,601,990 5,998,010 5,459,110 5,027,080 4,772,080 4,673,870 4,592,720 4,582,830 4,764,210
Property, plant and equipment US$ in thousands 5,010,250 4,162,860 4,078,040 4,027,400 3,836,240 3,766,830 3,721,050 3,702,900 3,558,560 3,103,070 2,975,640 2,992,650 2,970,560 2,894,570 2,873,170
Fixed asset turnover 1.39 1.64 1.77 1.84 1.96 1.92 1.77 1.62 1.53 1.62 1.60 1.56 1.55 1.58 1.66

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,410,080K ÷ $—K
= —

The fixed asset turnover ratio measures the efficiency of a company in generating net sales revenue from its investment in fixed assets. Knight Transportation Inc's fixed asset turnover fluctuated over the period from March 31, 2020, to September 30, 2024.

The ratio decreased slightly from 1.66 on March 31, 2020, to 1.55 on September 30, 2020, indicating a lower level of sales generated per dollar of fixed assets invested during this period. However, the ratio improved and reached 1.96 on September 30, 2022. This significant increase suggests that Knight Transportation Inc became more effective in utilizing its fixed assets to generate sales revenue.

Subsequently, there was a decline in the fixed asset turnover ratio to 1.39 on September 30, 2023. This decrease implies that the company may have faced challenges in efficiently utilizing its fixed assets to generate sales during this period. Notably, from December 31, 2023, to December 31, 2024, the fixed asset turnover ratio was not provided, suggesting a lack of data for analysis during those periods.

Overall, fluctuations in Knight Transportation Inc's fixed asset turnover ratio reflect changes in the company's efficiency in leveraging its fixed assets to drive sales revenue. Further analysis would be required to determine the underlying causes of these fluctuations and their implications for the company's operational performance and financial health.