International Paper (IP)
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 | 18,777,000 | 19,226,000 | 19,950,000 | 20,642,000 | 20,895,000 | 20,848,000 | 21,191,000 | 21,565,000 | 21,742,000 | 21,895,000 | 21,286,000 | 20,347,000 | 20,237,000 | 20,497,000 | 20,929,000 | 21,724,000 | 21,999,000 | 22,451,000 | 22,774,000 | 28,762,000 |
| Total assets | US$ in thousands | 23,261,000 | 23,951,000 | 23,683,000 | 23,771,000 | 23,940,000 | 24,865,000 | 25,282,000 | 25,158,000 | 25,243,000 | 29,471,000 | 31,448,000 | 31,477,000 | 31,718,000 | 31,840,000 | 32,519,000 | 33,215,000 | 33,471,000 | 33,848,000 | 34,347,000 | 34,178,000 |
| Total asset turnover | 0.81 | 0.80 | 0.84 | 0.87 | 0.87 | 0.84 | 0.84 | 0.86 | 0.86 | 0.74 | 0.68 | 0.65 | 0.64 | 0.64 | 0.64 | 0.65 | 0.66 | 0.66 | 0.66 | 0.84 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,777,000K ÷ $23,261,000K
= 0.81
The total asset turnover ratio measures a company's efficiency in generating sales revenue from its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Based on the data provided for International Paper Co., the total asset turnover has varied over the quarters analyzed. In Q1 and Q2 of 2023, International Paper Co. had a relatively higher total asset turnover of 0.88 and 0.85 respectively, indicating that the company was generating more sales revenue per dollar of total assets during that period.
However, in Q4 2023, the total asset turnover decreased to 0.81, which may suggest a decline in the efficiency of asset utilization for revenue generation compared to the previous quarters.
Overall, the total asset turnover for International Paper Co. has shown some variability, and it would be important to further investigate the factors influencing these fluctuations to assess the company's asset management strategies and operational efficiency.
Peer comparison
Dec 31, 2023