Graphic Packaging Holding Company (GPK)
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 | 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 |
| Total assets | US$ in thousands | 11,175,000 | 10,905,000 | 10,739,000 | 10,599,000 | 10,328,000 | 10,182,000 | 10,397,000 | 10,543,000 | 10,457,000 | 8,288,000 | 7,842,000 | 7,747,000 | 7,805,000 | 7,682,000 | 7,666,400 | 7,446,200 | 7,290,000 | 7,194,100 | 7,285,100 | 7,291,200 |
| Total asset turnover | 0.84 | 0.88 | 0.90 | 0.91 | 0.91 | 0.89 | 0.81 | 0.74 | 0.68 | 0.82 | 0.86 | 0.85 | 0.84 | 0.84 | 0.82 | 0.84 | 0.85 | 0.85 | 0.84 | 0.83 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,428,000K ÷ $11,175,000K
= 0.84
The total asset turnover of Graphic Packaging Holding Co has shown variability over the past eight quarters, ranging from 0.74 to 0.91. The ratio indicates how efficiently the company is generating revenue from its total assets. A higher turnover ratio generally suggests that the company is utilizing its assets effectively to generate sales.
In the latest quarter, Q4 2023, the total asset turnover ratio was 0.84, which was lower than the ratios for the previous two quarters but higher compared to the beginning of the year. This decline may indicate that the company's asset utilization efficiency decreased slightly during this period.
On an annual basis, the company's total asset turnover has been relatively stable, with fluctuations within a narrow range. The average total asset turnover over the past eight quarters is approximately 0.86, indicating that, on average, the company generates $0.86 in revenues for every dollar of total assets.
Overall, the total asset turnover of Graphic Packaging Holding Co reflects decent efficiency in utilizing its assets to generate sales, although there have been some fluctuations in this metric over the past two years. Further analysis and comparison with industry peers would provide additional insights into the company's asset management and operational efficiency.
Peer comparison
Dec 31, 2023