Graphic Packaging Holding Company (GPK)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 723,000 | 683,000 | 706,000 | 622,000 | 522,000 | 405,000 | 285,000 | 257,000 | 204,000 | 229,200 | 220,200 | 234,200 | 167,200 | 136,000 | 124,100 | 135,900 | 206,800 | 221,300 | 263,500 | 249,100 |
| 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 |
| ROA | 6.47% | 6.26% | 6.57% | 5.87% | 5.05% | 3.98% | 2.74% | 2.44% | 1.95% | 2.77% | 2.81% | 3.02% | 2.14% | 1.77% | 1.62% | 1.83% | 2.84% | 3.08% | 3.62% | 3.42% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $723,000K ÷ $11,175,000K
= 6.47%
Graphic Packaging Holding Co's return on assets (ROA) has been showing a positive trend over the past eight quarters, increasing steadily from 2.44% in Q1 2022 to 6.47% in Q4 2023. This indicates the company's ability to generate profits relative to its total assets has been improving consistently.
The ROA is a key measure of management efficiency in utilizing assets to generate earnings, and Graphic Packaging Holding Co's performance in this area reflects positively on its operational effectiveness. The increasing trend in ROA suggests that the company is becoming more efficient in generating profits from its asset base over time.
Overall, the upward trajectory of Graphic Packaging Holding Co's ROA indicates a favorable performance in terms of asset utilization and profitability, which could be an encouraging sign for investors and stakeholders.
Peer comparison
Dec 31, 2023