Louisiana-Pacific Corporation (LPX)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,581,000 | 3,854,000 | 3,915,000 | 2,399,000 | 2,310,000 |
| Total assets | US$ in thousands | 2,437,000 | 2,350,000 | 2,194,000 | 2,086,000 | 1,835,000 |
| Total asset turnover | 1.06 | 1.64 | 1.78 | 1.15 | 1.26 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,581,000K ÷ $2,437,000K
= 1.06
Louisiana-Pacific Corp.'s total asset turnover has experienced fluctuations over the past five years. The ratio measures the efficiency of the company in generating sales revenue from its total assets.
In 2023, the total asset turnover decreased to 1.06 from 1.64 in 2022, indicating a decline in efficiency in utilizing its assets to generate sales revenue. This could suggest potential issues with asset management or a decrease in sales relative to its asset base.
The ratio was highest in 2021 at 2.07, indicating that the company generated more sales revenue relative to its assets that year. This suggests better asset utilization or higher sales levels compared to the asset base.
In 2020 and 2019, the total asset turnover was 1.34 and 1.26, respectively, showing relatively consistent performance in utilizing assets to generate sales revenue in those years.
Overall, the trend in total asset turnover for Louisiana-Pacific Corp. highlights variability in its efficiency in generating sales revenue from its total asset base over the past five years, which may require further analysis to understand the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023