Quaker Chemical Corporation (KWR)

Total 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
Total assets US$ in thousands 2,714,210 2,732,510 2,790,240 2,858,460 2,821,620 2,831,500 2,970,760 2,996,720 2,955,760 2,941,830 2,944,820 2,912,950 2,891,830 2,753,190 2,871,530 2,920,550 2,850,320 2,724,500 724,530 708,523
Total asset turnover 0.69 0.69 0.68 0.66 0.67 0.66 0.62 0.59 0.59 0.57 0.54 0.50 0.48 0.51 0.47 0.44 0.39 0.35 1.17 1.22

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,882,612K ÷ $2,714,210K
= 0.69

Quaker Houghton's total asset turnover has shown a consistent upward trend over the past eight quarters, increasing from 0.60 in Q1 2022 to 0.72 in Q4 2023. This indicates that the company has been more efficient in generating sales revenue relative to its total assets.

A total asset turnover ratio of 0.72 in Q4 2023 means that for every dollar of assets the company holds, it generates $0.72 in sales revenue. This implies that the company is effectively utilizing its assets to generate sales.

The stability and gradual increase in the total asset turnover ratio suggest that Quaker Houghton has been improving its operational efficiency and asset management strategies. It indicates that the company has been able to streamline its operations, reduce excess asset holding, and improve overall productivity.

Overall, the increasing trend in the total asset turnover ratio reflects positively on Quaker Houghton's ability to efficiently utilize its assets to drive sales growth and maximize profitability.


Peer comparison

Dec 31, 2023

Company name
Symbol
Total asset turnover
Quaker Chemical Corporation
KWR
0.69
Valvoline Inc
VVV
0.55