Keurig Dr Pepper Inc (KDP)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 14,271,000 | 13,190,000 | 12,701,000 | 11,130,000 | 10,500,000 |
| Total assets | US$ in thousands | 52,130,000 | 51,837,000 | 50,598,000 | 49,779,000 | 49,518,000 |
| Total asset turnover | 0.27 | 0.25 | 0.25 | 0.22 | 0.21 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $14,271,000K ÷ $52,130,000K
= 0.27
Keurig Dr Pepper Inc's total asset turnover has shown a consistent upward trend over the past five years, increasing from 0.22 in 2019 to 0.28 in 2023. This indicates that the company is generating more revenue from its assets each year. A higher total asset turnover ratio signifies that the company is operating efficiently and effectively utilizing its assets to generate sales. It suggests that management is effectively managing the company's assets to generate revenue, which is favorable for investors and creditors. Overall, the increasing trend in total asset turnover ratio reflects positively on Keurig Dr Pepper Inc's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2023