Quaker Chemical Corporation (KWR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,838,720 | 1,882,550 | 1,894,680 | 1,740,470 | 1,384,720 |
| Total assets | US$ in thousands | 2,610,650 | 2,714,210 | 2,821,620 | 2,955,760 | 2,891,830 |
| Total asset turnover | 0.70 | 0.69 | 0.67 | 0.59 | 0.48 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,838,720K ÷ $2,610,650K
= 0.70
Over the past five years, Quaker Chemical Corporation's total asset turnover has shown a consistent upward trend, increasing from 0.48 in December 2020 to 0.70 in December 2024. This indicates that the company has been able to generate more revenue relative to its total assets over the years, reflecting increased efficiency in asset utilization.
The improvement in total asset turnover suggests that Quaker Chemical has been successful in maximizing the productivity of its assets to generate sales. A higher total asset turnover ratio typically indicates that the company is effectively managing its assets to generate revenue.
It is important to note that a rising total asset turnover can also be a result of various factors such as increased sales volume, better inventory management, or improved operational efficiency. Hence, the increasing trend in Quaker Chemical's total asset turnover ratio is a positive indicator of the company's operational performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2024