Quaker Chemical Corporation (KWR)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,838,723 | 1,807,300 | 1,831,773 | 1,857,826 | 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 |
| Property, plant and equipment | US$ in thousands | 229,532 | 215,555 | 200,823 | 202,230 | 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 |
| Fixed asset turnover | 8.01 | 8.38 | 9.12 | 9.19 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,838,723K ÷ $229,532K
= 8.01
Quaker Chemical Corporation's fixed asset turnover has shown a generally increasing trend from March 31, 2020, to December 31, 2024. The company's ability to generate sales from its investment in fixed assets has improved over this period. The ratio increased from 6.37 on March 31, 2020, to a peak of 9.91 on September 30, 2022, before declining slightly to 8.01 on December 31, 2024.
A higher fixed asset turnover indicates that Quaker Chemical Corporation is effectively utilizing its fixed assets to generate revenue. This improvement may be attributed to various factors such as operational efficiency, increased sales volume, or better asset management practices.
However, the slight decline towards the end of the period may warrant further investigation to determine if it is a temporary fluctuation or indicative of underlying issues affecting the company's asset utilization efficiency. Overall, the trend in fixed asset turnover reflects positively on Quaker Chemical Corporation's operational performance and efficiency in generating revenue from its fixed asset base.
Peer comparison
Dec 31, 2024