Mondelez International Inc (MDLZ)
Fixed asset turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 37,412,000 | 36,837,000 | 36,140,000 | 36,016,000 | 35,397,000 | 34,131,000 | 32,898,000 | 31,496,000 | 30,459,000 | 29,878,000 | 29,246,000 | 28,720,000 | 28,360,000 | 27,843,000 | 27,112,000 | 26,581,000 | 26,196,000 | 25,886,000 | 26,037,000 | 25,868,000 |
| Property, plant and equipment | US$ in thousands | 9,189,000 | 9,696,000 | 9,574,000 | 9,369,000 | 9,142,000 | 9,308,000 | 9,131,000 | 8,733,000 | 8,632,000 | 8,753,000 | 9,015,000 | 8,425,000 | 8,668,000 | 8,857,000 | 8,766,000 | 8,774,000 | 8,533,000 | 8,365,000 | 8,644,000 | 8,611,000 |
| Fixed asset turnover | 4.07 | 3.80 | 3.77 | 3.84 | 3.87 | 3.67 | 3.60 | 3.61 | 3.53 | 3.41 | 3.24 | 3.41 | 3.27 | 3.14 | 3.09 | 3.03 | 3.07 | 3.09 | 3.01 | 3.00 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $37,412,000K ÷ $9,189,000K
= 4.07
Fixed asset turnover ratio is a financial metric used to evaluate the efficiency of a company in generating sales revenue from its investment in fixed assets. For Mondelez International Inc, the fixed asset turnover has shown a consistent upward trend from 3.00 on December 31, 2019, to 4.07 on December 31, 2024. This indicates that the company has been able to utilize its fixed assets more efficiently over the years, generating more sales with the same level of investment in fixed assets.
The increasing trend in fixed asset turnover signifies that Mondelez International has been improving its operational efficiency and productivity in utilizing its fixed assets to drive revenue growth. A higher fixed asset turnover ratio implies that the company is effectively managing its fixed assets to generate sales, which is a positive indicator of operational performance.
Overall, the steady improvement in Mondelez International's fixed asset turnover ratio reflects the company's ability to optimize its asset utilization and generate more revenue from its investments in fixed assets, indicating operational effectiveness and efficiency.
Peer comparison
Dec 31, 2024
See also:
Mondelez International Inc Net Fixed Asset Turnover (Quarterly Data)