Packaging Corp of America (PKG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,383,300 | 7,802,400 | 8,478,000 | 7,730,300 | 6,658,200 |
| Property, plant and equipment | US$ in thousands | — | — | 4,198,300 | 3,529,000 | 3,193,400 |
| Fixed asset turnover | — | — | 2.02 | 2.19 | 2.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $8,383,300K ÷ $—K
= —
Packaging Corp of America's fixed asset turnover has shown fluctuations over the years based on the provided data. In 2020, the fixed asset turnover ratio was 2.08, indicating that the company generated $2.08 in revenue for every dollar invested in fixed assets. This ratio slightly increased to 2.19 in 2021, suggesting improved efficiency in utilizing fixed assets to generate revenue.
However, there was a slight decline in the fixed asset turnover ratio to 2.02 in 2022, indicating a decrease in the efficiency of using fixed assets to generate sales. The data for 2023 and 2024 is not available, which limits a complete assessment of the trend.
Overall, Packaging Corp of America's fixed asset turnover has shown some variability, with an initial increase followed by a slight decline. Further analysis and additional data would be necessary to understand the underlying reasons for these fluctuations and determine the effectiveness of the company's asset utilization strategy.
Peer comparison
Dec 31, 2024