PepsiCo Inc (PEP)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 11,986,000 | 11,118,000 | 10,456,000 | 8,874,000 | 11,512,000 | 13,259,000 | 13,065,000 | 14,117,000 | 11,162,000 | 11,426,000 | 11,278,000 | 10,468,000 | 10,080,000 | 9,953,000 | 9,797,000 | 9,486,000 | 9,993,000 | 10,138,000 | 10,311,000 | 10,110,000 |
| 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 |
| Operating ROA | 11.93% | 11.12% | 10.90% | 9.54% | 12.49% | 14.04% | 14.03% | 15.19% | 12.08% | 12.25% | 12.21% | 11.48% | 10.85% | 10.81% | 10.94% | 11.15% | 12.72% | 13.09% | 13.66% | 13.02% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $11,986,000K ÷ $100,495,000K
= 11.93%
Operating return on assets (ROA) is a key indicator of how efficiently PepsiCo Inc is utilizing its assets to generate operating profits. Analyzing the trend of PepsiCo's operating ROA over the past few quarters, we observe fluctuations in the performance of the company.
The operating ROA for PepsiCo has been relatively stable, ranging between 9.54% to 15.19% over the past two years. In the most recent quarter, Dec 31, 2023, PepsiCo's operating ROA stands at 11.93%, indicating that the company generated approximately $0.1193 in operating income for every dollar of assets employed in its operations.
Comparing the current quarter's operating ROA to the historical trend, we note a slight decrease from the peak of 15.19% seen in Mar 19, 2022. However, it is essential to consider the seasonal nature of the beverage and snack industry, which may influence quarterly fluctuations in operating ROA.
Overall, PepsiCo has maintained a relatively healthy operating ROA, reflecting efficient asset utilization and profitability in its core operations. Investors and stakeholders may monitor future performance to ensure the company continues to generate satisfactory returns on its assets.
Peer comparison
Dec 31, 2023