Graphic Packaging Holding Company (GPK)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,807,000 | 9,428,000 | 9,440,000 | 7,156,000 | 6,560,000 |
| Total assets | US$ in thousands | 11,144,000 | 11,175,000 | 10,328,000 | 10,457,000 | 7,805,000 |
| Total asset turnover | 0.79 | 0.84 | 0.91 | 0.68 | 0.84 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,807,000K ÷ $11,144,000K
= 0.79
The total asset turnover ratio for Graphic Packaging Holding Company has fluctuated over the past five years. In 2020, the ratio was 0.84, indicating that the company generated $0.84 in sales for every $1 of total assets. However, this ratio decreased to 0.68 in 2021, suggesting a decline in efficiency in utilizing assets to generate revenue.
The following year, in 2022, the total asset turnover ratio improved to 0.91, reflecting a more efficient use of assets to generate sales. This improvement was maintained in 2023, with the ratio remaining at 0.84. However, in 2024, there was a slight decrease to 0.79, indicating a potential decrease in asset efficiency compared to the previous year.
Overall, while the total asset turnover ratio has shown some variability, it is essential for Graphic Packaging Holding Company to continue monitoring and optimizing its asset utilization to enhance operational efficiency and financial performance.
Peer comparison
Dec 31, 2024