Mondelez International Inc (MDLZ)

Total 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
Total assets	US$ in thousands	71,391,000	70,860,000	72,025,000	72,786,000	71,161,000	68,036,000	66,014,000	67,994,000	67,092,000	67,317,000	66,477,000	66,349,000	67,810,000	66,249,000	64,194,000	63,598,000	64,515,000	63,895,000	63,573,000	64,162,000
Total asset turnover		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	0.40	0.40	0.40

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $36,016,000K ÷ $71,391,000K
= 0.50

Based on the data provided, Mondelez International Inc.'s total asset turnover has shown relatively stable performance over the past eight quarters. The total asset turnover ratio measures the company's efficiency in generating sales revenue from its total assets.

The ratio has been consistently around 0.45 to 0.50 for the most recent quarters, indicating that for every dollar of assets, Mondelez is generating approximately $0.45 to $0.50 in revenue. This suggests that the company is effectively utilizing its assets to generate sales.

Although there was a slight increase in Q2 2023 to 0.47, followed by another increase in Q3 and Q4 to 0.50, overall, the ratio has been relatively stable. This stability suggests that the company's asset utilization efficiency has been consistent over the quarters analyzed.

In conclusion, Mondelez International Inc.'s total asset turnover ratio indicates that the company is efficiently generating sales revenue from its assets, showcasing effective asset management and operational efficiency.