Kenvue Inc. (KVUE)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 15,291,000 | |||
| Total assets | US$ in thousands | 27,851,000 | 27,077,000 | 27,542,000 | 35,595,000 |
| Total asset turnover | 0.55 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,291,000K ÷ $27,851,000K
= 0.55
The total asset turnover ratio for Kenvue Inc. as of December 31, 2023, is 0.55. This ratio indicates that for every dollar of total assets held by the company, it generated $0.55 in revenue during the period. A lower total asset turnover ratio may suggest inefficiency in asset utilization, as the company is not generating sufficient sales from its assets. It is important for Kenvue Inc. to assess and potentially improve its asset management strategies to enhance overall efficiency and profitability. More historical data or industry benchmarks would be useful to provide further context for evaluating the company's performance in this aspect.
Peer comparison
Dec 31, 2023