Kontoor Brands Inc (KTB)

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	2,610,986	2,571,058	2,544,950	2,544,398	2,579,338	2,637,077	2,590,654	2,589,646	2,604,516	2,540,463	2,588,165	2,465,948	2,434,204	2,469,159	2,394,349	2,247,901	2,097,839	2,049,753	2,117,336	2,390,409
Total assets	US$ in thousands	1,650,540	1,653,120	1,612,440	1,661,440	1,645,440	1,625,930	1,608,320	1,643,570	1,582,260	1,653,010	1,543,150	1,589,050	1,533,020	1,613,180	1,517,840	1,519,680	1,545,820	1,668,720	1,572,770	1,901,800
Total asset turnover		1.58	1.56	1.58	1.53	1.57	1.62	1.61	1.58	1.65	1.54	1.68	1.55	1.59	1.53	1.58	1.48	1.36	1.23	1.35	1.26

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,610,986K ÷ $1,650,540K
= 1.58

Based on the data provided, Kontoor Brands Inc's total asset turnover has shown a relatively stable trend over the past few years. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue.

The ratio has exhibited an increasing trend from March 2020 to December 2024, with values ranging from 1.26 to 1.58. This indicates that the company has been able to generate more revenue for each dollar of assets employed during this period.

In particular, the total asset turnover ratio reached its peak at 1.68 in June 30, 2022, suggesting a high level of asset efficiency at that point in time. Although there have been fluctuations in the ratio, the overall trend shows an improvement in asset utilization efficiency.

It is important to note that a higher total asset turnover ratio reflects better efficiency in asset management, indicating that Kontoor Brands Inc has been effectively utilizing its assets to generate revenue over the analyzed period.