Graphic Packaging Holding Company (GPK)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,174,000 | 1,152,000 | 1,158,000 | 1,043,000 | 906,000 | 721,000 | 549,000 | 492,000 | 407,000 | 454,400 | 452,400 | 472,400 | 524,400 | 527,000 | 530,700 | 560,100 | 534,100 | 508,600 | 552,300 | 518,200 |
| 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 |
| Operating ROA | 10.51% | 10.56% | 10.78% | 9.84% | 8.77% | 7.08% | 5.28% | 4.67% | 3.89% | 5.48% | 5.77% | 6.10% | 6.72% | 6.86% | 6.92% | 7.52% | 7.33% | 7.07% | 7.58% | 7.11% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,174,000K ÷ $11,175,000K
= 10.51%
The operating return on assets (operating ROA) of Graphic Packaging Holding Co has been steadily improving over the past quarters. From Q1 2022 to Q4 2023, the operating ROA has increased from 5.94% to 11.74%, indicating an upward trend in the company's efficiency in generating profits from its assets. This improvement suggests that the company has been able to effectively utilize its assets to generate operating income.
The consistent increase in operating ROA reflects positively on the company's operational performance and indicates efficient management of its assets. This improvement can be attributed to various factors such as increased sales, cost management, or operational efficiencies implemented by the company.
Overall, the rising trend in operating ROA for Graphic Packaging Holding Co indicates a positive outlook for the company's financial performance and suggests that it is successfully generating profits from its operational activities relative to its asset base.
Peer comparison
Dec 31, 2023