Mondelez International Inc (MDLZ)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,959,000 | 2,717,000 | 4,300,000 | 3,555,000 | 3,929,000 |
| Total assets | US$ in thousands | 71,391,000 | 71,161,000 | 67,092,000 | 67,810,000 | 64,515,000 |
| ROA | 6.95% | 3.82% | 6.41% | 5.24% | 6.09% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $4,959,000K ÷ $71,391,000K
= 6.95%
Mondelez International Inc.'s return on assets (ROA) has seen fluctuations over the past five years. In 2023, the ROA stands at 6.95%, reflecting an improvement compared to 2022 when it was 3.82%. This suggests that the company has been more effective in generating profits from its assets in 2023.
Comparing the current ROA to earlier years, it is higher than in 2021 when it was 6.41% but lower than in 2020 when it stood at 5.24%. The ROA in 2019 was similar to the current year, at 6.00%.
Overall, Mondelez International Inc. has shown variability in its ROA performance in recent years, indicating fluctuations in how efficiently it has been able to generate profit from its assets. The upward trend observed in 2023 compared to the previous year suggests that the company may have improved its asset utilization to enhance profitability.
Peer comparison
Dec 31, 2023