Boise Cascad Llc (BCC)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,812,980 | 6,797,160 | 7,116,260 | 7,578,370 | 8,360,740 | 8,514,380 | 8,240,730 | 8,406,320 | 7,901,650 | 7,597,790 | 7,293,450 | 6,093,030 | 5,440,690 | 5,070,190 | 4,771,050 | 4,764,580 | 4,643,400 | 4,607,500 | 4,676,500 | 4,854,500 |
| Total assets | US$ in thousands | 3,458,650 | 3,642,430 | 3,476,390 | 3,362,190 | 3,240,510 | 3,348,530 | 3,135,170 | 3,105,930 | 2,572,640 | 2,588,360 | 2,647,440 | 2,278,740 | 1,965,720 | 2,059,840 | 1,841,080 | 1,755,370 | 1,693,350 | 1,785,920 | 1,732,810 | 1,687,050 |
| Total asset turnover | 1.97 | 1.87 | 2.05 | 2.25 | 2.58 | 2.54 | 2.63 | 2.71 | 3.07 | 2.94 | 2.75 | 2.67 | 2.77 | 2.46 | 2.59 | 2.71 | 2.74 | 2.58 | 2.70 | 2.88 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,812,980K ÷ $3,458,650K
= 1.97
Boise Cascade Co's total asset turnover indicates the efficiency with which the company generates revenue relative to the total assets in its possession. A higher total asset turnover suggests that the company is effectively utilizing its assets to generate sales.
Looking at the data provided, there appears to be a general declining trend in total asset turnover over the past few quarters, starting from a peak of 2.71 in Q1 2022 to a low of 1.87 in Q3 2023. This decline may suggest potential inefficiencies in asset utilization or changes in the company's business operations.
It is worth noting that the total asset turnover has fluctuated within a relatively narrow range, indicating some stability in the company's asset management strategies. The most recent ratio of 1.98 in Q4 2023 shows a slight improvement compared to the previous quarter but remains below the levels seen in earlier periods.
Further analysis is needed to determine the specific factors contributing to these fluctuations in total asset turnover and to assess whether they are indicative of underlying operational challenges or strategic shifts within Boise Cascade Co.
Peer comparison
Dec 31, 2023