Kratos Defense & Security Solutions (KTOS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,136,300 | 1,037,100 | 898,300 | 811,500 | 747,700 |
| Property, plant and equipment | US$ in thousands | — | — | 260,500 | 206,800 | 186,700 |
| Fixed asset turnover | — | — | 3.45 | 3.92 | 4.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,136,300K ÷ $—K
= —
The fixed asset turnover ratio for Kratos Defense & Security Solutions measures how efficiently the company utilizes its fixed assets to generate revenue over time. Analyzing the provided data reveals a declining trend across the specified periods. As of December 31, 2020, the ratio was 4.00, indicating that the company generated four dollars of revenue for every dollar invested in fixed assets. By December 31, 2021, this ratio slightly declined to 3.92, reflecting a marginal decrease in asset utilization efficiency. The decline continued more noticeably by December 31, 2022, with the ratio falling to 3.45, which suggests a reduction in revenue generated per dollar of fixed assets. The absence of data for December 31, 2023, and 2024 precludes further analysis for those periods. Overall, the downward trajectory in the fixed asset turnover ratio indicates that Kratos has become less efficient in leveraging its fixed assets to produce revenue over the observed timeframe, which could stem from factors such as investments in assets not immediately contributing to revenue or structural changes in operations.
Peer comparison
Dec 31, 2024