Mondelez International Inc (MDLZ)

Activity ratios

Short-term

Turnover ratios

	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
Inventory turnover	5.87	5.18	5.92	6.16	5.78	5.66	5.82	5.97	5.71	6.12	6.33	6.45	5.84	5.67	6.13	6.10	5.59	5.84	6.49	6.10
Receivables turnover	7.78	7.85	7.51	7.98	8.25	9.02	7.63	8.06	8.70	9.39	7.92	9.01	8.52	9.56	8.18	9.00	8.57	9.92	7.89	8.84
Payables turnover	2.38	2.43	2.45	2.67	2.88	2.80	2.68	2.67	2.88	2.74	2.48	2.60	2.63	2.60	2.53	2.60	2.83	2.90	2.85	2.65
Working capital turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Based on the data provided, let's analyze the activity ratios of Mondelez International Inc:

1. Inventory Turnover: The inventory turnover ratio measures how efficiently a company manages its inventory. Mondelez International Inc's inventory turnover ranged from 5.18 to 6.45 over the past few years. A higher turnover ratio indicates that the company is selling its products quickly and efficiently.

2. Receivables Turnover: The receivables turnover ratio shows how well a company collects cash from its customers. Mondelez's receivables turnover varied between 7.51 and 9.92 during the period under consideration. A higher turnover ratio signifies that the company is collecting its accounts receivable promptly.

3. Payables Turnover: The payables turnover ratio evaluates how quickly a company pays its suppliers. Mondelez's payables turnover was in the range of 2.38 to 2.90. A higher turnover ratio suggests that the company is managing its payables effectively.

4. Working Capital Turnover: Unfortunately, the data for working capital turnover is not provided (marked as "\u2014" for all periods), making it impossible to analyze Mondelez's efficiency in utilizing working capital to generate sales.

In summary, Mondelez International Inc has shown stability in its inventory turnover, receivables turnover, and payables turnover ratios over the years, indicating efficiency in managing its inventory, collecting receivables, and paying its suppliers. Further analysis of working capital turnover would provide insights into how effectively the company utilizes its working capital to generate revenue.

Average number of days

		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
Days of inventory on hand (DOH)	days	62.13	70.45	61.70	59.30	63.10	64.51	62.67	61.14	63.87	59.63	57.63	56.59	62.49	64.38	59.55	59.88	65.35	62.49	56.24	59.83
Days of sales outstanding (DSO)	days	46.94	46.48	48.62	45.73	44.25	40.48	47.84	45.28	41.98	38.87	46.08	40.52	42.85	38.19	44.63	40.56	42.58	36.80	46.23	41.30
Number of days of payables	days	153.15	150.30	149.28	136.49	126.89	130.53	136.25	136.75	126.62	133.21	147.04	140.64	138.67	140.33	144.00	140.46	128.78	126.04	127.96	137.55

Mondelez International Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the periods analyzed, ranging from a low of 56.24 days in March 2020 to a high of 70.45 days in September 2024. The company's DOH indicates the average number of days it takes to sell its inventory, with lower numbers suggesting efficient inventory management.

On the other hand, the Days of Sales Outstanding (DSO) metric, representing the average number of days it takes to collect revenue after a sale, has also varied. Mondelez International Inc's DSO ranged from 36.80 days in June 2020 to 48.62 days in March 2024. A lower DSO is typically preferable as it indicates faster cash conversion from sales.

The Number of Days of Payables measures the average number of days the company takes to pay its suppliers. Mondelez International Inc's payables days have displayed some fluctuations, from 126.04 days in June 2020 to 153.15 days in December 2024. A higher number of days of payables may indicate a more extended period to pay suppliers, potentially improving cash flow management.

Overall, a detailed analysis taking into account these activity ratios can provide insights into Mondelez International Inc's efficiency in managing its inventory, collecting receivables, and paying its suppliers.

Long-term

	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
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
Total asset turnover	0.55	0.51	0.47	0.50	0.50	0.47	0.45	0.44	0.45	0.45	0.43	0.43	0.42	0.42	0.41	0.39	0.40	0.40	0.41	0.40

The analysis of Mondelez International Inc's long-term activity ratios reveals the following trends:

1. Fixed Asset Turnover: This ratio measures how efficiently the company utilizes its fixed assets to generate revenues. From December 2019 to December 2024, Mondelez's fixed asset turnover ratio has shown a general increasing trend, indicating that the company has been able to generate more revenue per dollar of fixed assets over time. The ratio has increased from 3.00 in December 2019 to 4.07 in December 2024, with some fluctuations along the way.

2. Total Asset Turnover: This ratio evaluates the company's ability to generate sales relative to its total assets. Mondelez's total asset turnover ratio has shown a fluctuating but overall increasing trend over the same period. The ratio has increased from 0.40 in December 2019 to 0.55 in December 2024, indicating that the company has become more efficient in utilizing its total assets to generate revenues.

Overall, the upward trends in both fixed asset turnover and total asset turnover ratios suggest that Mondelez International Inc has been improving its asset utilization efficiency over the years, which could potentially lead to increased profitability and shareholder value in the long term.