Graphic Packaging Holding Company (GPK)
Working capital 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 current assets | US$ in thousands | 2,784,000 | 2,845,000 | 2,706,000 | 2,502,000 | 2,020,000 |
| Total current liabilities | US$ in thousands | 1,903,000 | 2,589,000 | 1,933,000 | 2,049,000 | 1,856,000 |
| Working capital turnover | 10.00 | 36.83 | 12.21 | 15.80 | 40.00 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,807,000K ÷ ($2,784,000K – $1,903,000K)
= 10.00
The working capital turnover for Graphic Packaging Holding Company has shown variability over the years. The ratio decreased from 40.00 in December 31, 2020, to 15.80 in December 31, 2021, indicating a decline in the efficiency of utilizing working capital to generate revenue. This trend continued as the ratio further dropped to 12.21 in December 31, 2022. However, there was a significant improvement in December 31, 2023, with a working capital turnover of 36.83, suggesting a positive uptrend in utilizing working capital effectively. Nevertheless, the ratio decreased again to 10.00 by the end of December 31, 2024, signifying a decline in efficiency. Overall, close monitoring and further analysis of working capital management practices are recommended to enhance operational efficiency and optimize financial performance.
Peer comparison
Dec 31, 2024