Kratos Defense & Security Solutions (KTOS)
Total 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 |
| Total assets | US$ in thousands | 1,950,900 | 1,632,500 | 1,551,500 | 1,589,500 | 1,562,800 |
| Total asset turnover | 0.58 | 0.64 | 0.58 | 0.51 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,136,300K ÷ $1,950,900K
= 0.58
The total asset turnover ratio for Kratos Defense & Security Solutions demonstrates a generally increasing trend over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 0.48 in 2020 to 0.51 in 2021, indicating a modest improvement in the company's efficiency in generating sales from its asset base. The upward trajectory continued into 2022, with the ratio reaching 0.58, reflecting a notable enhancement in asset utilization. This positive momentum persisted into 2023, with the ratio reaching its peak at 0.64, signifying a period of increased efficiency and effective asset management in generating revenue.
However, in 2024, the ratio declined slightly to 0.58, suggesting a reduction in the efficiency of asset utilization compared to the previous year. Despite this dip, the ratio remains higher than all prior years initially observed, implying that the company continued to leverage its assets more effectively than in 2020 and 2021, albeit with some fluctuation.
Overall, the trend of increasing total asset turnover from 2020 through 2023 reflects improving operational efficiency and potentially more effective asset management strategies, while the slight decrease in 2024 warrants further investigation to understand the underlying factors impacting asset utilization during that period.
Peer comparison
Dec 31, 2024