Keurig Dr Pepper Inc (KDP)
Total 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 |
| Total assets | US$ in thousands | 53,430,000 | 52,130,000 | 51,837,000 | 50,598,000 | 49,779,000 |
| Total asset turnover | 0.29 | 0.27 | 0.25 | 0.25 | 0.22 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,233,000K ÷ $53,430,000K
= 0.29
Total asset turnover is a crucial ratio that indicates how efficiently a company generates revenue from its total assets. In the case of Keurig Dr Pepper Inc, the total asset turnover has shown a positive trend over the past five years based on the provided data.
From December 31, 2020, where the total asset turnover was 0.22, it gradually increased to 0.29 by December 31, 2024. This improvement suggests that the company has been more efficient in utilizing its assets to generate sales over the years.
A higher total asset turnover ratio typically indicates that the company is effectively using its assets to generate revenue. Keurig Dr Pepper Inc's increasing trend in total asset turnover reflects positively on the company's operational efficiency and potentially its management's ability to optimize its asset utilization.
Overall, Keurig Dr Pepper Inc's total asset turnover ratio has exhibited a positive trend, signaling improved efficiency in generating sales relative to its total assets over the past five years.
Peer comparison
Dec 31, 2024