Knight Transportation Inc (KNX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,375,290 | 5,887,860 | 5,654,020 | 4,585,480 | 3,704,740 |
| Inventory | US$ in thousands | — | 297,805 | 341,650 | 191,780 | 149,734 |
| Inventory turnover | — | 19.77 | 16.55 | 23.91 | 24.74 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,375,290K ÷ $—K
= —
The inventory turnover ratio for Knight Transportation Inc has shown a declining trend over the years, dropping from 24.74 in December 31, 2020, to 19.77 in December 31, 2023. This indicates that the company is taking longer to sell its inventory within a given period. However, it is important to note that the data for December 31, 2024 is not available at this time, making it difficult to draw a conclusive analysis for the most recent period. It may be beneficial for Knight Transportation Inc to assess and potentially improve its inventory management practices to increase the efficiency of inventory turnover in order to optimize its working capital and overall operational performance.
Peer comparison
Dec 31, 2024