Mondelez International Inc (MDLZ)
Fixed 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 | 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 | 25,728,000 | 25,661,000 | 25,711,000 |
| Property, plant and equipment | US$ in thousands | 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 | 8,316,000 | 8,550,000 | 8,520,000 |
| Fixed asset turnover | 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 | 3.09 | 3.00 | 3.02 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $36,016,000K ÷ $9,369,000K
= 3.84
Mondelez International Inc.'s fixed asset turnover ratio has displayed consistency and a positive trend over the past eight quarters. The ratio ranged from 3.24 to 3.87 during this period, indicating that the company generated between $3.24 and $3.87 in sales revenue for every dollar invested in fixed assets.
The company's ability to generate higher sales relative to its investment in fixed assets suggests efficiency in managing and utilizing these assets to generate revenue. The increasing trend in the fixed asset turnover ratio implies that Mondelez International has been improving its asset utilization and efficiency over time.
Overall, the consistently high fixed asset turnover ratio reflects Mondelez International's effectiveness in leveraging its fixed assets to drive revenue growth and maximize profitability. Further analysis and comparison with industry benchmarks can provide a more comprehensive understanding of the company's operational performance and efficiency in asset management.
Peer comparison
Dec 31, 2023
See also:
Mondelez International Inc Net Fixed Asset Turnover (Quarterly Data)