Keurig Dr Pepper Inc (KDP)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	2,181,000	1,941,000	1,603,000	1,318,000	1,436,000	1,826,000	2,176,000	2,406,000	2,146,000	1,731,000	1,644,000	1,494,000	1,325,000	1,303,000	1,164,000	1,180,000	1,254,000	1,114,000	959,000	728,000
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
ROA		4.18%	3.75%	3.09%	2.55%	2.77%	3.55%	4.23%	4.70%	4.24%	3.44%	3.27%	2.96%	2.66%	2.64%	2.37%	2.42%	2.53%	2.26%	1.94%	1.48%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,181,000K ÷ $52,130,000K
= 4.18%

Over the past eight quarters, Keurig Dr Pepper Inc's return on assets (ROA) has exhibited some fluctuations. The ROA has generally been above 3%, indicating that the company is efficiently utilizing its assets to generate profits. However, there was a noticeable decline in ROA from Q4 2022 to Q1 2023, suggesting a potential decrease in asset efficiency during that period. Subsequently, the ROA showed improvement in Q2 and Q3 2023, reaching its peak at 4.18% in Q4 2023. This upward trend in ROA indicates a positive trajectory for the company in terms of asset profitability. Overall, Keurig Dr Pepper Inc's ROA performance demonstrates a mix of stability and improvement over the analyzed period.