Keurig Dr Pepper Inc (KDP)

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	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
Total assets	US$ in thousands	52,130,000	51,763,000	51,801,000	51,660,000	51,837,000	51,440,000	51,428,000	51,244,000	50,598,000	50,330,000	50,344,000	50,403,000	49,779,000	49,381,000	49,026,000	48,843,000	49,518,000	49,400,000	49,547,000	49,291,000
Total asset turnover		0.27	0.27	0.27	0.26	0.26	0.26	0.26	0.25	0.25	0.23	0.23	0.22	0.22	0.22	0.22	0.22	0.21	0.21	0.21	0.19

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $14,303,000K ÷ $52,130,000K
= 0.27

The total asset turnover ratio of Keurig Dr Pepper Inc has been consistently stable around 0.28 for the past few quarters, indicating that the company is generating $0.28 of revenue for every dollar of total assets it holds. This suggests that the company efficiently utilizes its assets to generate sales. However, it is important to note that the ratio has not shown significant improvement or deterioration over the quarters, signaling a consistent performance in asset utilization. Further analysis of other financial variables may be necessary to gain a comprehensive understanding of the company's overall efficiency and operational effectiveness.