Keurig Dr Pepper Inc (KDP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,181,000 | 1,436,000 | 2,146,000 | 1,325,000 | 1,254,000 |
| Total assets | US$ in thousands | 52,130,000 | 51,837,000 | 50,598,000 | 49,779,000 | 49,518,000 |
| ROA | 4.18% | 2.77% | 4.24% | 2.66% | 2.53% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,181,000K ÷ $52,130,000K
= 4.18%
Keurig Dr Pepper Inc's return on assets (ROA) has shown a positive trend over the past five years. ROA increased from 2.53% in 2019 to 4.18% in 2023, indicating a consistent improvement in the company's ability to generate profit from its assets. The ROA for 2023 is the highest in the five-year period, reaching 4.18%, reflecting efficient asset utilization and effective management of the company's resources. This improvement suggests that Keurig Dr Pepper Inc has been operating more efficiently and effectively over the years, translating into better returns for the company's investors. The increasing trend in ROA is a positive sign of the company's financial performance and overall operational effectiveness.
Peer comparison
Dec 31, 2023