Mondelez International Inc (MDLZ)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 36,441,000 | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 |
| Property, plant and equipment | US$ in thousands | 9,189,000 | 9,369,000 | 8,733,000 | 8,425,000 | 8,774,000 |
| Fixed asset turnover | 3.97 | 3.84 | 3.61 | 3.41 | 3.03 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $36,441,000K ÷ $9,189,000K
= 3.97
Mondelez International Inc's fixed asset turnover ratio has shown a positive trend over the past five years. The ratio increased from 3.03 in December 31, 2020, to 3.97 in December 31, 2024. This indicates that the company generated $3.97 in sales for every dollar invested in fixed assets by the end of 2024.
The improvement in fixed asset turnover suggests that Mondelez has been utilizing its fixed assets more efficiently to generate revenue. A higher fixed asset turnover ratio is generally viewed positively as it signifies better asset utilization and efficiency in generating sales.
Overall, the increasing trend in Mondelez International Inc's fixed asset turnover reflects the company's ability to effectively leverage its fixed assets to drive sales growth and create value for shareholders.
Peer comparison
Dec 31, 2024