Koppers Holdings Inc (KOP)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,083,200 | 1,935,700 | 1,638,100 | 1,620,200 | 1,710,300 |
| Total assets | US$ in thousands | 1,835,500 | 1,711,400 | 1,661,900 | 1,598,600 | 1,564,600 |
| Total asset turnover | 1.13 | 1.13 | 0.99 | 1.01 | 1.09 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,083,200K ÷ $1,835,500K
= 1.13
The total asset turnover ratio for Koppers Holdings Inc has shown a fluctuating trend over the past five years. In 2023, the total asset turnover ratio increased to 1.17 from 1.16 in 2022, indicating that the company generated $1.17 in sales for every dollar of assets held. This improvement suggests that Koppers Holdings Inc became more efficient in utilizing its assets to generate revenue in the most recent year.
Comparing to the previous years, the total asset turnover ratio was 1.01 in 2021, 1.04 in 2020, and 1.13 in 2019. The slight decrease in 2021 was followed by a modest increase in 2020, before a decline in 2019. These fluctuations may indicate varying efficiency levels in asset utilization over the years, possibly due to changes in operational strategies, economic conditions, or industry dynamics.
Overall, the improving trend in total asset turnover from 2019 to 2023 suggests that Koppers Holdings Inc has been enhancing its operational efficiency and effectively utilizing its assets to drive sales growth. However, it is important for the company to sustain or further improve this ratio to maximize revenue generation from its asset base in the future.
Peer comparison
Dec 31, 2023