Knight Transportation Inc (KNX)
Total 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 |
| Total assets | US$ in thousands | 12,698,500 | 12,870,800 | 10,951,700 | 10,655,500 | 8,468,000 |
| Total asset turnover | 0.58 | 0.55 | 0.68 | 0.56 | 0.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $7,410,080K ÷ $12,698,500K
= 0.58
Total asset turnover is a financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. Knight Transportation Inc's total asset turnover has shown fluctuations over the past five years.
At December 31, 2020, the total asset turnover was 0.55, indicating that for every dollar of assets, Knight Transportation Inc generated $0.55 in revenue. The ratio increased slightly to 0.56 by December 31, 2021, suggesting a minor improvement in asset utilization.
By December 31, 2022, the total asset turnover ratio notably increased to 0.68, indicating that Knight Transportation Inc was more efficient in generating revenue from its assets. However, the ratio decreased to 0.55 by December 31, 2023, showing a decline in asset efficiency.
Finally, as of December 31, 2024, the total asset turnover ratio improved to 0.58, suggesting a slight increase in revenue generated per dollar of assets. Overall, the trend in total asset turnover for Knight Transportation Inc has been somewhat fluctuating, with periods of improvement and decline in asset utilization efficiency.
Peer comparison
Dec 31, 2024