Packaging Corp of America (PKG)
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 | 7,717,200 | 7,752,600 | 7,939,800 | 8,213,600 | 8,363,200 | 8,305,800 | 8,173,700 | 7,815,000 | 7,480,100 | 7,299,000 | 6,993,000 | 6,658,500 | 6,572,600 | 6,578,400 | 6,634,200 | 6,855,700 | 6,877,900 | 6,904,500 | 6,989,000 | 8,786,200 |
| Total assets | US$ in thousands | 8,681,100 | 8,177,600 | 8,106,500 | 8,049,000 | 8,003,800 | 8,344,400 | 8,340,600 | 8,137,800 | 7,836,800 | 8,630,800 | 7,673,600 | 7,549,000 | 7,433,200 | 7,372,600 | 7,272,000 | 7,347,600 | 7,235,800 | 7,191,100 | 7,074,400 | 6,928,600 |
| Total asset turnover | 0.89 | 0.95 | 0.98 | 1.02 | 1.04 | 1.00 | 0.98 | 0.96 | 0.95 | 0.85 | 0.91 | 0.88 | 0.88 | 0.89 | 0.91 | 0.93 | 0.95 | 0.96 | 0.99 | 1.27 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,717,200K ÷ $8,681,100K
= 0.89
Packaging Corp Of America's total asset turnover has seen fluctuations over the past eight quarters, ranging from 0.90 to 1.06. The trend indicates a general decline in total asset turnover from the higher values observed in Q4 2022 and Q1 2023, down to the lower values noted in Q4 2023. This suggests a potential decrease in the efficiency of the company in generating sales from its assets. However, it is important to note that the total asset turnover ratios are above 1, indicating that the company is generating more in sales than the value of its total assets, which is a positive sign. Further analysis and comparison with industry benchmarks would be necessary to provide a more in-depth assessment of Packaging Corp Of America's performance in utilizing its assets to generate revenue.
Peer comparison
Dec 31, 2023