PepsiCo Inc (PEP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 91,854,000 | 91,471,000 | 86,392,000 | 79,474,000 | 70,372,000 |
| Total assets | US$ in thousands | 99,467,000 | 100,495,000 | 92,187,000 | 92,377,000 | 92,918,000 |
| Total asset turnover | 0.92 | 0.91 | 0.94 | 0.86 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $91,854,000K ÷ $99,467,000K
= 0.92
The total asset turnover ratio of PepsiCo Inc has shown an increasing trend from 0.76 in December 2020 to 0.92 in December 2024. This indicates that the company is generating more revenue relative to its total assets over the years. A higher total asset turnover ratio generally signifies better efficiency in asset utilization and management. However, it is important to monitor this ratio alongside other financial metrics to gain a comprehensive understanding of PepsiCo's overall financial performance and operational efficiency.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
PepsiCo Inc
PEP
0.92
Constellation Brands Inc Class A
STZ
0.80
Keurig Dr Pepper Inc
KDP
0.29
The Coca-Cola Company
KO
0.47