Clearwater Paper Corporation (CLW)

Fixed 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	2,082,800	2,096,700	2,115,600	2,117,400	2,080,200	2,043,200	1,954,900	1,834,900	1,772,600	1,735,500	1,742,400	1,816,600	1,868,600	1,851,400	1,839,200	1,810,600	1,761,500	1,754,689	1,735,949	1,716,048
Property, plant and equipment	US$ in thousands	990,100	993,800	1,000,200	1,004,600	1,017,100	1,023,100	1,040,700	1,059,900	1,081,800	1,109,600	1,124,500	1,173,200	1,191,500	1,200,900	1,219,700	1,235,500	1,257,700	1,273,470	1,293,690	1,292,000
Fixed asset turnover		2.10	2.11	2.12	2.11	2.05	2.00	1.88	1.73	1.64	1.56	1.55	1.55	1.57	1.54	1.51	1.47	1.40	1.38	1.34	1.33

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,082,800K ÷ $990,100K
= 2.10

Clearwater Paper Corp's fixed asset turnover ratio has been relatively stable over the past eight quarters. The ratio ranges from 1.73 in Q1 2022 to 2.12 in Q2 2023, indicating that, on average, the company generates between $1.73 to $2.12 in sales for every $1 invested in fixed assets during the respective quarter.

Overall, the trend suggests that Clearwater Paper Corp is effectively utilizing its fixed assets to generate revenue, with a slight upward trend noticeable in the recent quarters. This indicates that the company is efficiently managing its fixed assets to generate sales, which is a positive sign for investors and stakeholders. A consistently high fixed asset turnover ratio reflects operational efficiency and effective asset utilization within the company.