World Kinect Corporation (WKC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 42,168,000 | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 |
| Total assets | US$ in thousands | 6,731,800 | 7,375,300 | 8,164,600 | 5,942,400 | 4,500,300 |
| Total asset turnover | 6.26 | 6.47 | 7.23 | 5.27 | 4.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $42,168,000K ÷ $6,731,800K
= 6.26
The total asset turnover ratio of World Kinect Corporation has shown a positive trend over the past five years, increasing from 4.52 in December 31, 2020, to 6.26 in December 31, 2024. This indicates that the company is generating more revenue for each dollar of assets it holds. The peak value of 7.23 in December 31, 2022, suggests that the company efficiently utilizes its assets to generate sales. However, the decrease in 2023 to 6.47 followed by a further drop to 6.26 in 2024 may indicate a slight decline in asset efficiency during those years. Overall, the upward trend in total asset turnover reflects an improvement in the company's asset management and sales generation efficiency.