Clearwater Paper Corporation (CLW)
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 | 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 |
| Total assets | US$ in thousands | 1,671,800 | 1,737,000 | 1,705,000 | 1,690,500 | 1,703,500 | 1,703,600 | 1,712,700 | 1,683,100 | 1,690,100 | 1,718,100 | 1,750,900 | 1,803,900 | 1,800,400 | 1,826,900 | 1,841,500 | 1,896,800 | 1,877,700 | 1,881,080 | 1,955,850 | 1,928,280 |
| Total asset turnover | 1.25 | 1.21 | 1.24 | 1.25 | 1.22 | 1.20 | 1.14 | 1.09 | 1.05 | 1.01 | 1.00 | 1.01 | 1.04 | 1.01 | 1.00 | 0.95 | 0.94 | 0.93 | 0.89 | 0.89 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,082,800K ÷ $1,671,800K
= 1.25
Clearwater Paper Corp's total asset turnover has shown consistency in the recent quarters, averaging around 1.22 to 1.25. This indicates that, on average, the company generated $1.22 to $1.25 in sales for every $1 of total assets held during the period under review.
A total asset turnover of 1.25 in Q4 2023 suggests that the company efficiently utilized its assets to generate revenue. The slight increase from the previous quarter further demonstrates the company's ability to efficiently manage its assets to drive sales.
Overall, Clearwater Paper Corp's total asset turnover has been relatively stable and has shown incremental improvement, reflecting effective asset management and operational efficiency in converting assets into revenue.