Clearwater Paper Corporation (CLW)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,082,800 | 2,080,100 | 1,772,600 | 1,868,600 | 1,761,500 |
| Property, plant and equipment | US$ in thousands | 990,100 | 1,017,100 | 1,081,800 | 1,191,500 | 1,257,700 |
| Fixed asset turnover | 2.10 | 2.05 | 1.64 | 1.57 | 1.40 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,082,800K ÷ $990,100K
= 2.10
The fixed asset turnover ratio for Clearwater Paper Corp has been steadily increasing over the past five years, indicating an improvement in the efficiency of utilizing its fixed assets to generate sales.
The ratio increased from 1.40 in 2019 to 2.10 in 2023, showing a consistent upward trend. This suggests that the company has been able to generate more revenue per dollar invested in fixed assets, reflecting better asset utilization and operational efficiency.
Overall, the increasing trend in the fixed asset turnover ratio for Clearwater Paper Corp is a positive indicator of effective asset management and operational performance over the years.