PepsiCo Inc (PEP)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 91,471,000 | 86,392,000 | 79,474,000 | 70,372,000 | 67,161,000 |
| Property, plant and equipment | US$ in thousands | 27,039,000 | 24,291,000 | 22,407,000 | 21,369,000 | 19,305,000 |
| Fixed asset turnover | 3.38 | 3.56 | 3.55 | 3.29 | 3.48 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $91,471,000K ÷ $27,039,000K
= 3.38
PepsiCo Inc's fixed asset turnover ratio has exhibited some variations in recent years. The ratio decreased from 3.48 in 2019 to 3.29 in 2020, indicating a temporary decline in the efficiency of generating sales from fixed assets. However, from 2020 to 2023, there was a subsequent improvement, with the ratio increasing to 3.38. This upward trend suggests that PepsiCo has been utilizing its fixed assets more efficiently to generate revenue. Overall, the company has maintained a relatively high fixed asset turnover ratio, indicating effective management of its fixed assets to drive sales.
Peer comparison
Dec 31, 2023