Louisiana-Pacific Corporation (LPX)
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 | 2,581,000 | 2,628,000 | 2,752,000 | 3,271,000 | 3,854,000 | 3,984,000 | 4,150,000 | 4,188,000 | 4,038,000 | 3,674,000 | 3,451,000 | 2,831,000 | 2,399,000 | 2,465,000 | 2,273,000 | 2,313,000 | 2,310,000 | 2,362,000 | 2,496,000 | 2,719,000 |
| Total assets | US$ in thousands | 2,437,000 | 2,380,000 | 2,302,000 | 2,259,000 | 2,350,000 | 2,383,000 | 2,547,000 | 2,670,000 | 2,194,000 | 2,400,000 | 2,367,000 | 2,343,000 | 2,086,000 | 1,973,000 | 1,807,000 | 2,132,000 | 1,835,000 | 2,043,000 | 2,090,000 | 2,094,300 |
| Total asset turnover | 1.06 | 1.10 | 1.20 | 1.45 | 1.64 | 1.67 | 1.63 | 1.57 | 1.84 | 1.53 | 1.46 | 1.21 | 1.15 | 1.25 | 1.26 | 1.08 | 1.26 | 1.16 | 1.19 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,581,000K ÷ $2,437,000K
= 1.06
Louisiana-Pacific Corp.'s total asset turnover has shown fluctuations over the past eight quarters. The ratio decreased from 1.83 in Q1 2022 to 1.06 in Q4 2023, indicating a decline in the company's ability to generate revenue from its assets during this period. This downward trend suggests that Louisiana-Pacific Corp. may be facing challenges in efficiently utilizing its assets to generate sales. However, it is worth noting that there was a notable peak in Q4 2022 at 1.64, which may indicate a temporary improvement in asset efficiency during that quarter. Overall, the trend in total asset turnover for Louisiana-Pacific Corp. warrants further investigation to understand the underlying reasons for the fluctuations and to identify potential areas for improvement in asset utilization.
Peer comparison
Dec 31, 2023