Knight Transportation Inc (KNX)

Total 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
Total assets	US$ in thousands	12,698,500	12,824,800	12,570,300	12,628,900	12,870,800	12,840,300	11,437,900	10,943,000	10,951,700	10,747,400	10,714,900	10,695,800	10,655,500	10,355,000	8,682,460	8,519,480	8,468,000	8,501,360	8,279,030	8,288,320
Total asset turnover		0.58	0.58	0.61	0.58	0.55	0.54	0.60	0.66	0.68	0.70	0.68	0.62	0.56	0.53	0.58	0.56	0.55	0.54	0.55	0.57

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,410,080K ÷ $12,698,500K
= 0.58

Knight Transportation Inc's total asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the efficiency with which the company generates revenue from its assets.

Initially, the total asset turnover was recorded at 0.57 on March 31, 2020, indicating that the company generated $0.57 in revenue for every dollar of total assets. The ratio slightly decreased to 0.55 by June 30, 2020, and remained relatively stable around 0.55-0.56 for the rest of 2020.

In the following years, there was a gradual increase in the total asset turnover ratio, reaching 0.70 by September 30, 2022, which was the highest point during the period under review. This indicates that Knight Transportation Inc became more efficient in utilizing its assets to generate revenue.

However, after reaching the peak, the total asset turnover ratio started to decline, dropping to 0.54 by September 30, 2023. The ratio experienced some variability in the subsequent quarters but generally remained around 0.58-0.61 by the end of December 31, 2024.

Overall, the trend suggests that Knight Transportation Inc has shown fluctuations in its ability to generate revenue from total assets, with periods of improvement followed by slight declines. Further analysis of the company's operations and asset management practices may be necessary to fully understand these fluctuations.