Westlake Chemical Corporation (WLK)
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 | 12,548,000 | 13,021,000 | 13,862,000 | 15,094,000 | 15,794,000 | 16,002,000 | 15,101,000 | 13,477,000 | 11,778,000 | 10,236,000 | 9,079,000 | 7,929,000 | 7,504,000 | 7,422,000 | 7,590,000 | 8,025,000 | 8,118,000 | 8,230,000 | 8,419,000 | 8,510,000 |
| Total assets | US$ in thousands | 21,035,000 | 21,396,000 | 20,981,000 | 20,806,000 | 20,550,000 | 20,425,000 | 20,372,000 | 19,741,000 | 18,459,000 | 17,108,000 | 14,719,000 | 14,050,000 | 13,835,000 | 13,694,000 | 13,555,000 | 14,163,000 | 13,261,000 | 13,107,000 | 12,216,000 | 12,104,000 |
| Total asset turnover | 0.60 | 0.61 | 0.66 | 0.73 | 0.77 | 0.78 | 0.74 | 0.68 | 0.64 | 0.60 | 0.62 | 0.56 | 0.54 | 0.54 | 0.56 | 0.57 | 0.61 | 0.63 | 0.69 | 0.70 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,548,000K ÷ $21,035,000K
= 0.60
Westlake Corporation's total asset turnover has exhibited fluctuations over the past eight quarters. The metric ranged from 0.60 to 0.78 during this period, with the highest turnover ratio recorded in Q4 2022. The decreasing trend in total asset turnover from Q4 2022 to Q1 2023 suggests a potential decline in the company's efficiency in generating sales revenue relative to its total assets. However, the ratio slightly improved in Q2 and Q3 2023 before declining again in Q4 2023. Overall, Westlake Corporation may benefit from further assessing and enhancing its asset utilization efficiency to optimize its operational performance and financial health.
Peer comparison
Dec 31, 2023