Kraft Heinz Co (KHC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,795,000 | 25,669,000 | 25,743,000 | 23,232,000 | 24,638,000 |
| Total assets | US$ in thousands | 88,287,000 | 90,339,000 | 90,513,000 | 93,394,000 | 99,830,000 |
| Total asset turnover | 0.29 | 0.28 | 0.28 | 0.25 | 0.25 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,795,000K ÷ $88,287,000K
= 0.29
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. In the case of Kraft Heinz Co, the total asset turnover has remained relatively stable over the past few years. From December 31, 2020, to December 31, 2021, the total asset turnover was 0.25, indicating that the company generated $0.25 in revenue for every dollar of assets. This ratio remained the same in 2021.
In the following years, there was a slight improvement in the total asset turnover ratio. By December 31, 2022, and December 31, 2023, the total asset turnover had increased to 0.28, showing that the company was able to generate slightly more revenue from its assets. This trend continued into December 31, 2024, with a total asset turnover of 0.29, suggesting that Kraft Heinz Co was becoming more efficient in utilizing its assets to generate revenue.
Overall, the trend in total asset turnover for Kraft Heinz Co indicates a slight improvement in the company's ability to generate revenue relative to its asset base over the years, which may reflect more efficient operations or strategic changes within the company.
Peer comparison
Dec 31, 2024