Quaker Chemical Corporation (KWR)

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 1,882,612 1,892,565 1,899,214 1,897,711 1,880,954 1,865,850 1,827,228 1,779,037 1,740,473 1,678,776 1,593,852 1,442,077 1,384,720 1,398,527 1,359,589 1,286,904 1,125,665 945,852 846,586 862,335
Property, plant and equipment US$ in thousands 207,811 196,440 204,732 203,088 198,595 188,374 192,497 197,115 197,520 190,833 194,441 195,790 203,883 187,880 188,413 202,092 213,469 204,109 82,623 82,316
Fixed asset turnover 9.06 9.63 9.28 9.34 9.47 9.91 9.49 9.03 8.81 8.80 8.20 7.37 6.79 7.44 7.22 6.37 5.27 4.63 10.25 10.48

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,882,612K ÷ $207,811K
= 9.06

Quaker Houghton's fixed asset turnover has shown consistency over the past eight quarters, ranging from 9.16 to 10.12. This measure indicates the company's ability to generate revenue from its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is efficient in utilizing its fixed assets to generate sales.

The slight fluctuations in the fixed asset turnover ratio over the period indicate that the company's efficiency in generating revenue from its fixed assets has not significantly varied. Overall, Quaker Houghton has maintained a healthy level of fixed asset turnover, reflecting effective management of its fixed asset base to generate revenue.


Peer comparison

Dec 31, 2023

Company name
Symbol
Fixed asset turnover
Quaker Chemical Corporation
KWR
9.06
Valvoline Inc
VVV
1.76