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