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

Company name
Symbol
Total asset turnover
Graphic Packaging Holding Company
GPK
0.84
Packaging Corp of America
PKG
0.89
Smurfit WestRock plc
SW
796,003.33
Sonoco Products Company
SON
0.95