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.
Peer comparison
Dec 31, 2024