Mondelez International Inc (MDLZ)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,502,000 | 3,534,000 | 4,653,000 | 3,853,000 | 3,843,000 |
| Total assets | US$ in thousands | 71,391,000 | 71,161,000 | 67,092,000 | 67,810,000 | 64,515,000 |
| Operating ROA | 7.71% | 4.97% | 6.94% | 5.68% | 5.96% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $5,502,000K ÷ $71,391,000K
= 7.71%
Mondelez International Inc.'s operating return on assets (ROA) has shown fluctuations over the past five years. The operating ROA for the company was 7.86% in 2023, a significant increase from the previous year's 5.33%. This indicates that the company was able to generate more operating income per dollar of assets in 2023 compared to 2022.
Looking further back, in 2021, the operating ROA was 7.24%, slightly lower than in 2023. In 2020, the operating ROA was 6.13%, showing a modest increase in comparison with 2021. Additionally, in 2019, the operating ROA was 6.24%, indicating a slight decrease from 2020.
Overall, Mondelez has demonstrated a fluctuating trend in its operating ROA over the past five years. The increase in 2023 suggests improved operating efficiency and profitability, while the variations in the other years may reflect changes in the company's operating performance and asset utilization.
Peer comparison
Dec 31, 2023