Clearwater Paper Corporation (CLW)
Total 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 |
| Total assets | US$ in thousands | 1,671,800 | 1,703,500 | 1,690,100 | 1,800,400 | 1,877,700 |
| Total asset turnover | 1.25 | 1.22 | 1.05 | 1.04 | 0.94 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,082,800K ÷ $1,671,800K
= 1.25
The total asset turnover of Clearwater Paper Corp has shown a positive trend over the past five years, increasing from 0.94 in 2019 to 1.25 in 2023. This indicates that the company is generating more revenue relative to its total assets, reflecting improved efficiency in asset utilization. A total asset turnover ratio above 1 suggests that Clearwater Paper Corp is effectively utilizing its assets to generate sales. Overall, the increasing trend in total asset turnover ratio signifies improved operational efficiency and effectiveness in generating revenue from the company's asset base.