Kraft Heinz Co (KHC)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,793,000 | 25,128,000 | 25,349,000 | 25,547,000 | 25,670,000 | 26,151,000 | 26,178,000 | 26,150,000 | 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 |
| Total assets | US$ in thousands | 88,287,000 | 88,566,000 | 88,797,000 | 90,309,000 | 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 |
| Total asset turnover | 0.29 | 0.28 | 0.29 | 0.28 | 0.28 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,793,000K ÷ $88,287,000K
= 0.29
The total asset turnover ratio for Kraft Heinz Co has shown a relatively stable trend over the analyzed period, ranging between 0.23 and 0.29. This ratio measures the efficiency of the company in generating sales revenue from its total assets. An increasing ratio indicates that the company is utilizing its assets more effectively to generate sales, while a decreasing ratio may suggest inefficiencies in asset utilization.
The gradual increase in total asset turnover from 0.23 in March 2020 to 0.29 in June 2024 indicates an improvement in the company's asset management efficiency. This could be attributed to effective operational strategies, better inventory management, or increased sales volume relative to total assets. However, the slight fluctuation around the 0.29 level in the later periods, with a dip to 0.28 in September 2024, suggests that further monitoring of asset utilization may be needed to maintain or improve efficiency.
Overall, the trend in Kraft Heinz Co's total asset turnover ratio signals a positive trend towards better utilization of assets to generate sales revenue, reflecting potential improvements in operational performance and efficiency in managing resources.
Peer comparison
Dec 31, 2024