PepsiCo Inc (PEP)

Total asset turnover

		Dec 31, 2023	Sep 9, 2023	Jun 17, 2023	Mar 31, 2023	Dec 31, 2022	Sep 3, 2022	Jun 11, 2022	Mar 19, 2022	Dec 31, 2021	Sep 4, 2021	Jun 12, 2021	Mar 20, 2021	Dec 31, 2020	Sep 5, 2020	Jun 13, 2020	Mar 21, 2020	Dec 31, 2019	Sep 7, 2019	Mar 23, 2019	Dec 31, 2018
Revenue (ttm)	US$ in thousands	91,471,000	91,617,000	90,135,000	88,038,000	86,392,000	83,644,000	81,862,000	80,854,000	79,474,000	76,681,000	74,583,000	71,311,000	70,372,000	68,557,000	67,654,000	64,593,000	70,236,000	66,081,000	64,983,000	64,661,000
Total assets	US$ in thousands	100,495,000	99,953,000	95,906,000	93,042,000	92,187,000	94,461,000	93,103,000	92,962,000	92,377,000	93,254,000	92,385,000	91,224,000	92,918,000	92,041,000	89,525,000	85,062,000	78,547,000	77,444,000	75,466,000	77,648,000
Total asset turnover		0.91	0.92	0.94	0.95	0.94	0.89	0.88	0.87	0.86	0.82	0.81	0.78	0.76	0.74	0.76	0.76	0.89	0.85	0.86	0.83

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $91,471,000K ÷ $100,495,000K
= 0.91

Total asset turnover measures how efficiently a company generates sales from its total assets. A higher total asset turnover indicates better asset utilization. PepsiCo Inc's total asset turnover has fluctuated over the past few periods, ranging from 0.74 to 0.95. It peaked at 0.95 in March 2023, suggesting a more efficient use of assets to generate revenue. The company saw a slight decrease to 0.91 by the end of December 2023, which still indicates a relatively effective asset utilization. Overall, PepsiCo has shown a generally stable performance in terms of total asset turnover, with some fluctuations within the range over the analyzed periods.