Mondelez International Inc (MDLZ)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 | 25,868,000 |
| Total assets | US$ in thousands | 71,391,000 | 71,161,000 | 67,092,000 | 67,810,000 | 64,515,000 |
| Total asset turnover | 0.50 | 0.44 | 0.43 | 0.39 | 0.40 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $36,016,000K ÷ $71,391,000K
= 0.50
Mondelez International Inc.'s total asset turnover has shown an upward trend over the past five years, increasing from 0.40 in 2019 to 0.50 in 2023. This indicates that the company has been able to generate more revenue from its assets in recent years. A higher total asset turnover ratio suggests that the company is efficiently utilizing its assets to generate sales.
The improvement in total asset turnover could be attributed to better operational efficiency, effective management of inventory, or strategic investments in growth opportunities. It indicates that Mondelez International Inc. has been more successful in converting its investments in assets into sales revenue. This trend is generally viewed positively by investors, as it indicates the company's ability to generate revenue without the need for significant additional investments in assets.
Overall, the increasing trend in total asset turnover for Mondelez International Inc. reflects positively on the company's operational efficiency and effective asset management practices.
Peer comparison
Dec 31, 2023