Keurig Dr Pepper Inc (KDP)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,233,000 | 14,271,000 | 13,190,000 | 12,701,000 | 11,130,000 |
| Property, plant and equipment | US$ in thousands | 2,964,000 | 2,699,000 | 2,491,000 | 2,494,000 | 2,212,000 |
| Fixed asset turnover | 5.14 | 5.29 | 5.30 | 5.09 | 5.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $15,233,000K ÷ $2,964,000K
= 5.14
The fixed asset turnover ratio for Keurig Dr Pepper Inc has shown a consistent and healthy trend over the past five years. It increased from 5.03 in December 2020 to 5.14 in December 2024, with some fluctuations in between. This indicates that the company is generating $5.14 in sales revenue for every dollar invested in fixed assets in 2024, slightly higher than the previous years.
The slight fluctuations in the ratio suggest that Keurig Dr Pepper Inc has been effectively utilizing its fixed assets to generate sales, with a slight dip in 2021 followed by a gradual increase. Overall, the consistent and relatively high fixed asset turnover ratio reflects operational efficiency and effective management of fixed assets to drive revenue growth.
Peer comparison
Dec 31, 2024