Packaging Corp of America (PKG)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,383,300 | 8,175,100 | 7,928,700 | 7,805,500 | 7,802,300 | 7,842,800 | 8,032,700 | 8,317,900 | 8,478,000 | 8,542,700 | 8,416,900 | 8,059,500 | 7,730,300 | 7,401,400 | 7,095,000 | 6,756,700 | 6,658,200 | 6,664,000 | 6,721,000 | 6,939,300 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 4,142,400 | 4,172,900 | 3,896,600 | 4,198,300 | 3,813,200 | 3,762,900 | 3,670,700 | 3,529,000 | 3,360,800 | 3,473,500 | 3,212,500 | 3,193,400 | 3,130,900 | 3,114,700 | 3,138,600 |
| Fixed asset turnover | — | — | — | — | — | 1.89 | 1.92 | 2.13 | 2.02 | 2.24 | 2.24 | 2.20 | 2.19 | 2.20 | 2.04 | 2.10 | 2.08 | 2.13 | 2.16 | 2.21 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,383,300K ÷ $—K
= —
Packaging Corp of America's fixed asset turnover ratio has fluctuated over the years, starting at 2.21 in March 2020, gradually decreasing to 1.89 by September 30, 2023. This indicates that the company's ability to generate revenue from its fixed assets declined during this period. It then remained stable for a few quarters before experiencing a sharp drop to 1.92 by June 30, 2023.
The company saw a slight improvement in its fixed asset turnover ratio by March 31, 2024, but the data is not available for the subsequent quarters. It is essential for the company to closely monitor and manage its fixed asset turnover ratio to ensure optimal utilization of its fixed assets and maximize revenue generation.
Peer comparison
Dec 31, 2024