Mondelez International Inc (MDLZ)

Total 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
Total assets	US$ in thousands	68,497,000	71,391,000	71,161,000	67,092,000	67,810,000
Total asset turnover		0.53	0.50	0.44	0.43	0.39

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $36,441,000K ÷ $68,497,000K
= 0.53

Mondelez International Inc's total asset turnover has shown a positive trend over the years, increasing from 0.39 in December 31, 2020, to 0.53 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets. A higher total asset turnover ratio suggests that the company is efficiently utilizing its assets to generate sales. Mondelez's improving total asset turnover ratio signifies a more effective management of its assets and potentially increased operational efficiency over the years.