Packaging Corp of America (PKG)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,075,200 | 1,101,700 | 1,203,400 | 1,334,800 | 1,420,600 | 1,488,300 | 1,480,800 | 1,359,600 | 1,241,400 | 1,075,000 | 931,700 | 753,200 | 724,000 | 769,800 | 823,100 | 987,400 | 1,053,700 | 1,105,300 | 1,141,000 | 1,130,200 |
| 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 |
| Operating ROA | 12.39% | 13.47% | 14.84% | 16.58% | 17.75% | 17.84% | 17.75% | 16.71% | 15.84% | 12.46% | 12.14% | 9.98% | 9.74% | 10.44% | 11.32% | 13.44% | 14.56% | 15.37% | 16.13% | 16.31% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,075,200K ÷ $8,681,100K
= 12.39%
Packaging Corp Of America's operating return on assets (operating ROA) has shown a decreasing trend across the quarters in 2023, with values dropping from 17.31% in Q1 to 12.88% in Q4. This decline indicates a decrease in the company's ability to generate operating income relative to its total assets. Comparing to the same quarters in the previous year, the operating ROA has also decreased consistently. The most significant decline is observed from Q4 2022 to Q4 2023, with a decrease from 18.52% to 12.88%. This downward trajectory may suggest challenges in effectively utilizing assets to generate operating profits, prompting further analysis and investigation into the company's operational efficiency and strategies for improving profitability.
Peer comparison
Dec 31, 2023