Knight Transportation Inc (KNX)
Working capital 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 current assets | US$ in thousands | 1,448,740 | 1,709,020 | 1,493,570 | 1,414,280 | 923,363 |
| Total current liabilities | US$ in thousands | 1,706,750 | 1,825,290 | 894,007 | 1,074,820 | 839,708 |
| Working capital turnover | — | — | 12.39 | 17.67 | 55.87 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $7,410,080K ÷ ($1,448,740K – $1,706,750K)
= —
Based on the data provided, the working capital turnover ratio for Knight Transportation Inc has shown a significant decline over the years.
In December 2020, the working capital turnover ratio was 55.87, indicating that Knight Transportation was able to generate $55.87 in revenue for every dollar of working capital invested.
However, by December 2021, the ratio dropped to 17.67, signaling a decrease in efficiency in utilizing its working capital to generate revenue.
By December 2022, the ratio further declined to 12.39, suggesting a continued challenge in effectively converting working capital into sales.
The absence of data for December 2023 and 2024 represents a limitation in the analysis, as the trend cannot be fully evaluated for those years.
Overall, the decreasing trend in Knight Transportation's working capital turnover ratio indicates potential inefficiencies in managing its working capital resources to drive revenue generation. This may require further investigation and strategic improvements to enhance operational efficiency and financial performance.
Peer comparison
Dec 31, 2024