Kratos Defense & Security Solutions (KTOS)
Total asset turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,161,700 | 1,136,300 | 1,127,000 | 1,125,700 | 1,082,500 | 1,037,100 | 1,012,600 | 966,600 | 933,900 | 898,300 | 860,600 | 832,600 | 813,500 | 811,500 | 806,300 | 807,700 | 773,000 | 747,700 | 726,400 | 708,500 |
| Total assets | US$ in thousands | 2,004,900 | 1,950,900 | 1,912,400 | 1,914,200 | 1,914,600 | 1,632,500 | 1,590,800 | 1,562,800 | 1,557,100 | 1,551,500 | 1,568,100 | 1,583,300 | 1,565,500 | 1,589,500 | 1,577,800 | 1,562,300 | 1,565,200 | 1,562,800 | 1,473,200 | 1,419,200 |
| Total asset turnover | 0.58 | 0.58 | 0.59 | 0.59 | 0.57 | 0.64 | 0.64 | 0.62 | 0.60 | 0.58 | 0.55 | 0.53 | 0.52 | 0.51 | 0.51 | 0.52 | 0.49 | 0.48 | 0.49 | 0.50 |
March 31, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,161,700K ÷ $2,004,900K
= 0.58
The total asset turnover ratio for Kratos Defense & Security Solutions demonstrates a general upward trend over the period analyzed, indicating an increasing efficiency in utilizing assets to generate revenue. Starting from approximately 0.50 on June 30, 2020, the ratio experienced slight fluctuations but exhibited a consistent increase through subsequent periods, reaching a peak of 0.64 by September 30, 2023. This suggests improvements in operational efficiency and asset utilization over time.
From this peak, the ratio shows a modest decline to 0.57 as of March 31, 2024, likely attributable to seasonal variations or short-term operational factors. However, it remains relatively stable, maintaining levels around 0.58 to 0.59 into the most recent periods observed through September 30, 2024, and into March 2025.
Overall, the trend indicates that Kratos has progressively enhanced its ability to generate sales relative to its asset base, reflecting positively on management’s effectiveness in leveraging its assets for revenue growth. Nonetheless, the slight recent decline warrants ongoing monitoring to assess whether the upward trajectory can be sustained or if external factors may influence future performance.
Peer comparison
Mar 31, 2025