Kraft Heinz Co (KHC)

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	25,904,000	26,385,000	26,412,000	26,384,000	25,729,000	23,928,000	23,469,000	23,040,000	23,202,000	24,866,000	25,001,000	25,170,000	25,036,000	24,643,000	24,255,000	24,180,000	24,202,000	24,222,000	24,591,000	24,854,000
Total assets	US$ in thousands	90,339,000	89,656,000	90,956,000	90,943,000	90,513,000	89,992,000	91,676,000	93,864,000	93,394,000	94,897,000	97,038,000	98,664,000	99,830,000	98,122,000	98,306,000	104,073,000	101,450,000	102,822,000	103,201,000	103,562,000
Total asset turnover		0.29	0.29	0.29	0.29	0.28	0.27	0.26	0.25	0.25	0.26	0.26	0.26	0.25	0.25	0.25	0.23	0.24	0.24	0.24	0.24

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,904,000K ÷ $90,339,000K
= 0.29

The total asset turnover for Kraft Heinz Co has been relatively stable over the past few quarters, ranging between 0.23 and 0.29. This ratio indicates that for every dollar of total assets, the company is generating between $0.23 and $0.29 in sales. A higher total asset turnover ratio is generally preferable as it suggests that the company is more efficient in utilizing its assets to generate revenue.

Kraft Heinz's total asset turnover has shown a slight improvement over the quarters, moving from 0.23 in the first quarter of 2020 to 0.29 in the fourth quarter of 2023. This suggests that the company may have become more efficient in managing its assets to generate sales. It is important for the company to continue monitoring and improving this ratio to ensure optimal utilization of its assets and maximize profitability.