Knight Transportation Inc (KNX)

Working capital 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 current assets US$ in thousands 1,448,740 1,437,620 1,450,220 1,532,170 1,709,020 1,761,170 1,885,110 1,442,640 1,493,570 1,474,350 1,473,420 1,466,270 1,414,280 1,404,460 1,074,880 963,745 923,363 998,553 829,500 838,442
Total current liabilities US$ in thousands 1,706,750 1,429,520 1,650,100 1,643,290 1,825,290 1,730,370 945,421 905,811 894,007 912,352 1,103,800 1,166,030 1,074,820 852,541 705,548 948,439 839,708 1,262,200 971,483 979,281
Working capital turnover — 923.18 — — — 225.76 7.27 13.48 12.39 13.35 19.61 21.99 17.67 9.89 13.61 311.78 55.87 — — —

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $7,410,080K ÷ ($1,448,740K – $1,706,750K)
= —

The working capital turnover ratio is used to measure how efficiently a company is utilizing its working capital to generate revenue. A higher ratio indicates that the company is effectively managing its working capital.

Based on the data provided for Knight Transportation Inc:

- The working capital turnover ratio was not available for the periods ending March 31, June 30, and September 30, 2020 and December 31, 2023. This lack of data may indicate that the company's financial statements were not publicly disclosed or there may have been discrepancies in the working capital calculation.

- The ratio for December 31, 2020, stood at 55.87, a relatively high value indicating robust efficiency in utilizing working capital to generate revenue.

- Subsequently, the ratio fluctuated over the following periods, with a notable peak of 923.18 on September 30, 2024, indicating a substantial increase in working capital efficiency at that time.

- There were periods where the ratio dropped significantly, such as June 30, 2023, with a value of 7.27, suggesting potential challenges in optimizing working capital utilization during that quarter.

Overall, fluctuations in the working capital turnover ratio for Knight Transportation Inc over the analyzed periods indicate varying levels of efficiency in managing working capital to generate revenue. Further analysis and comparison with industry standards may provide additional insights into the company's financial health and operational efficiency.