Packaging Corp of America (PKG)
Total 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 |
| Total assets | US$ in thousands | 8,833,200 | 8,753,800 | 8,982,100 | 8,857,000 | 8,881,400 | 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 |
| Total asset turnover | 0.95 | 0.93 | 0.88 | 0.88 | 0.88 | 0.96 | 0.99 | 1.03 | 1.06 | 1.02 | 1.01 | 0.99 | 0.99 | 0.86 | 0.92 | 0.90 | 0.90 | 0.90 | 0.92 | 0.94 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,383,300K ÷ $8,833,200K
= 0.95
The total asset turnover ratio for Packaging Corp of America has shown some fluctuations over the years, ranging from 0.86 to 1.06. This ratio measures the efficiency of the company in generating sales revenue relative to its total assets.
The trend indicates that the company's effectiveness in utilizing its assets to generate sales revenue improved from March 2022 to December 2022, reaching its peak at 1.06. However, there was a slight decline in the ratio in the subsequent periods, remaining above 0.88.
Overall, the total asset turnover ratio of Packaging Corp of America suggests that the company has been relatively efficient in generating sales revenue compared to its total assets, with some variability in performance over the analyzed periods. It is essential for the company to monitor and manage its asset utilization to maintain and potentially improve this efficiency in the future.
Peer comparison
Dec 31, 2024