Koppers Holdings Inc (KOP)
Fixed 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 | 2,083,200 | 2,057,800 | 2,051,100 | 1,985,600 | 1,935,700 | 1,860,900 | 1,750,800 | 1,690,300 | 1,638,100 | 1,625,600 | 1,636,700 | 1,629,600 | 1,620,200 | 1,630,600 | 1,664,300 | 1,694,300 | 1,724,600 | 1,756,800 | 1,725,000 | 1,692,700 |
| Property, plant and equipment | US$ in thousands | 631,700 | 607,800 | 594,900 | 576,000 | 557,300 | 527,200 | 518,800 | 509,700 | 489,100 | 460,900 | 443,000 | 416,600 | 409,100 | 380,100 | 369,300 | 355,400 | 358,800 | 409,400 | 414,400 | 417,300 |
| Fixed asset turnover | 3.30 | 3.39 | 3.45 | 3.45 | 3.47 | 3.53 | 3.37 | 3.32 | 3.35 | 3.53 | 3.69 | 3.91 | 3.96 | 4.29 | 4.51 | 4.77 | 4.81 | 4.29 | 4.16 | 4.06 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,083,200K ÷ $631,700K
= 3.30
The fixed asset turnover of Koppers Holdings Inc has been relatively stable over the past eight quarters, ranging between 3.39 and 3.61. This ratio indicates that, on average, the company generated between $3.39 and $3.61 in sales for every dollar invested in fixed assets during the respective quarters.
With a consistent range of values around the 3.5 mark, it suggests that Koppers Holdings Inc is efficiently utilizing its fixed assets to generate revenue. The slight fluctuations in the ratio from quarter to quarter are not significant enough to suggest any major shifts in the company's asset utilization efficiency.
Overall, the fixed asset turnover ratio of Koppers Holdings Inc reflects a healthy level of asset efficiency in generating revenue over the analyzed period.
Peer comparison
Dec 31, 2023