Kontoor Brands Inc (KTB)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	2,589,611	2,647,350	2,600,927	2,599,919	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	1,645,440	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	1,517,160	1,585,760	1,588,200
Total asset turnover		1.57	1.63	1.62	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, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,589,611K ÷ $1,645,440K
= 1.57

Total asset turnover for Kontoor Brands Inc has been fluctuating over the past few quarters, ranging from a low of 1.23 in September 2020 to a high of 1.68 in June 2022. This ratio indicates the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio implies that the company is utilizing its assets effectively to generate sales.

Overall, Kontoor Brands Inc's total asset turnover has shown a general trend of stability with some fluctuations. It peaked in June 2022 at 1.68 but has since declined slightly to 1.57 as of December 2023. This suggests that the company may have experienced some challenges in generating sales revenue relative to its total assets in the most recent quarter.

Investors and analysts may continue to monitor Kontoor Brands Inc's total asset turnover ratio to assess the company's operational efficiency and asset utilization in the future.