World Kinect Corporation (WKC)
Total asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 42,168,000 | 44,410,500 | 46,164,900 | 46,180,400 | 47,710,600 | 49,585,300 | 53,001,300 | 59,142,700 | 59,043,100 | 55,108,200 | 47,797,800 | 37,761,200 | 31,337,100 | 26,096,400 | 22,228,200 | 18,301,000 | 20,358,300 | 25,014,300 | 29,854,300 | 36,155,400 |
| Total assets | US$ in thousands | 6,731,800 | 6,984,600 | 7,189,200 | 7,174,400 | 7,375,300 | 7,483,100 | 6,961,900 | 7,485,800 | 8,164,600 | 7,970,300 | 8,795,700 | 7,968,000 | 5,942,400 | 5,544,300 | 5,249,800 | 4,925,400 | 4,500,300 | 4,392,300 | 4,881,000 | 5,498,900 |
| Total asset turnover | 6.26 | 6.36 | 6.42 | 6.44 | 6.47 | 6.63 | 7.61 | 7.90 | 7.23 | 6.91 | 5.43 | 4.74 | 5.27 | 4.71 | 4.23 | 3.72 | 4.52 | 5.70 | 6.12 | 6.58 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $42,168,000K ÷ $6,731,800K
= 6.26
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales from its assets. A higher total asset turnover ratio indicates that the company is able to generate more revenue from its assets.
In the case of World Kinect Corporation, their total asset turnover has fluctuated over the years. The ratio was at its highest in March 2023 at 7.90 and at its lowest in March 2021 at 3.72. This suggests that the company has been able to effectively utilize its assets to generate sales, with a general increasing trend in the ratio from 2021 to 2024.
Overall, World Kinect Corporation has shown a consistent ability to generate sales from its assets, with a current ratio of 6.26 as of December 31, 2024. This indicates that the company is efficiently utilizing its assets to generate revenue, although there may be slight fluctuations in the ratio over time.