Keurig Dr Pepper Inc (KDP)

Fixed 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	14,303,000	14,206,000	14,054,000	13,647,000	13,249,000	13,493,000	13,211,000	13,017,000	12,737,000	11,774,000	11,512,000	11,201,000	11,024,000	10,824,000	10,664,000	10,601,000	10,457,000	10,315,000	10,308,000	9,509,000
Property, plant and equipment	US$ in thousands	2,699,000	2,527,000	2,489,000	2,480,000	2,491,000	2,483,000	2,446,000	2,436,000	2,494,000	2,425,000	2,420,000	2,261,000	2,212,000	2,092,000	2,071,000	2,017,000	2,028,000	2,236,000	2,290,000	2,282,000
Fixed asset turnover		5.30	5.62	5.65	5.50	5.32	5.43	5.40	5.34	5.11	4.86	4.76	4.95	4.98	5.17	5.15	5.26	5.16	4.61	4.50	4.17

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $14,303,000K ÷ $2,699,000K
= 5.30

Keurig Dr Pepper Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 5.28 to 5.85. This ratio indicates the company's efficiency in generating sales revenue from its investment in fixed assets, such as property, plant, and equipment. A higher fixed asset turnover ratio typically suggests better asset utilization and operational efficiency.

In the most recent quarter, the fixed asset turnover ratio was 5.49, indicating that for every dollar invested in fixed assets, the company generated approximately $5.49 in revenue. This suggests that the company has been effective in utilizing its fixed assets to drive sales.

Overall, the consistent and relatively high fixed asset turnover ratios of Keurig Dr Pepper Inc reflect efficient management of its fixed assets to generate revenue, which can be a positive indicator of operational performance and financial health.