Graphic Packaging Holding Company (GPK)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,819,000 | 9,073,000 | 9,249,000 | 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 |
| Total assets | US$ in thousands | 11,144,000 | 11,231,000 | 11,349,000 | 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 |
| Total asset turnover | 0.79 | 0.81 | 0.81 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,819,000K ÷ $11,144,000K
= 0.79
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets more effectively to generate sales.
Analyzing the data provided for Graphic Packaging Holding Company, we observe fluctuations in the total asset turnover ratio over the reporting periods. Initially starting at 0.85 in December 2019, the ratio slightly decreased to 0.84 in March 2020 and continued to fluctuate around this level over the subsequent quarters.
Notable fluctuations occurred in the later quarters, with the ratio dropping to 0.68 in December 2021 before gradually increasing to peak at 0.91 in March 2023. This improvement suggests that the company was able to generate more sales revenue relative to its total assets during this period.
However, the ratio experienced a slight decline towards the end of the data series, settling at 0.79 in December 2024. Overall, the total asset turnover ratio of Graphic Packaging Holding Company displayed some variability but generally remained within a relatively stable range, indicating varying levels of asset efficiency in generating sales revenue over the reporting periods.
Peer comparison
Dec 31, 2024