Kontoor Brands Inc (KTB)

Total 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
Total assets	US$ in thousands	1,650,540	1,645,440	1,582,260	1,533,020	1,545,820
Total asset turnover		1.59	1.57	1.65	1.59	1.36

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,620,280K ÷ $1,650,540K
= 1.59

Kontoor Brands Inc's total asset turnover has shown a positive trend over the past five years. The ratio increased from 1.36 in 2020 to 1.59 in 2021 and further improved to 1.65 in 2022. However, there was a slight decline to 1.57 in 2023 before returning to 1.59 in 2024.

A total asset turnover ratio greater than 1 indicates that the company is generating more revenue per dollar of assets, which suggests efficient asset utilization. The increasing trend in the total asset turnover reflects potential improvements in the company's operational efficiency and sales generation over the years.

Overall, Kontoor Brands Inc's total asset turnover indicates a healthy level of efficiency in utilizing its assets to generate revenue, although fluctuations in the ratio in certain years may warrant further investigation to understand the underlying factors contributing to these changes.