Kontoor Brands Inc (KTB)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,620,280 | 2,579,340 | 2,604,520 | 2,434,200 | 2,097,840 |
| Property, plant and equipment | US$ in thousands | 103,300 | 112,045 | 104,465 | 105,155 | 118,897 |
| Fixed asset turnover | 25.37 | 23.02 | 24.93 | 23.15 | 17.64 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,620,280K ÷ $103,300K
= 25.37
The fixed asset turnover ratio of Kontoor Brands Inc has shown a consistent upward trend over the past five years. The ratio increased from 17.64 in December 2020 to 25.37 in December 2024, indicating an improvement in the company's ability to generate revenue relative to its investment in fixed assets. This suggests that the company has been more effective in utilizing its fixed assets to drive sales and increase operational efficiency over the years. Overall, the increasing trend in the fixed asset turnover ratio reflects a positive performance in terms of asset utilization and operational effectiveness for Kontoor Brands Inc.
Peer comparison
Dec 31, 2024