Graphic Packaging Holding Company (GPK)
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 | 9,428,000 | 9,565,000 | 9,667,000 | 9,633,000 | 9,440,000 | 9,042,000 | 8,373,000 | 7,752,000 | 7,156,000 | 6,820,100 | 6,736,100 | 6,610,100 | 6,560,100 | 6,427,800 | 6,311,400 | 6,253,200 | 6,160,100 | 6,149,600 | 6,099,800 | 6,057,900 |
| Property, plant and equipment | US$ in thousands | 4,992,000 | 4,799,000 | 4,753,000 | 4,678,000 | 4,579,000 | 4,509,000 | 4,601,000 | 4,675,000 | 4,677,000 | 4,020,000 | 3,753,000 | 3,631,000 | 3,560,000 | 3,437,400 | 3,379,400 | 3,288,100 | 3,253,800 | 3,208,000 | 3,199,400 | 3,204,800 |
| Fixed asset turnover | 1.89 | 1.99 | 2.03 | 2.06 | 2.06 | 2.01 | 1.82 | 1.66 | 1.53 | 1.70 | 1.79 | 1.82 | 1.84 | 1.87 | 1.87 | 1.90 | 1.89 | 1.92 | 1.91 | 1.89 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,428,000K ÷ $4,992,000K
= 1.89
The fixed asset turnover ratio of Graphic Packaging Holding Co over the past eight quarters has shown a trend of fluctuation. The ratio measures the company's efficiency in generating net sales revenue with its fixed assets.
In Q4 2023, the fixed asset turnover was 1.89, slightly lower compared to the previous quarter at 1.99. However, this ratio has generally been above 1.8 over the past year, indicating that the company is effectively utilizing its fixed assets to generate sales.
The highest fixed asset turnover ratio of 2.06 was observed in Q1 2023 and Q4 2022. This suggests that Graphic Packaging Holding Co was able to generate more sales relative to its investment in fixed assets during these periods.
Overall, the fluctuation in the fixed asset turnover ratio may be a result of changes in sales performance or adjustments in the company's fixed asset base. Monitoring the trend of this ratio can provide insights into the company's operational efficiency and asset utilization over time.
Peer comparison
Dec 31, 2023