PepsiCo Inc (PEP)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	9,074,000	8,910,000	7,618,000	7,120,000	7,314,000
Total assets	US$ in thousands	100,495,000	92,187,000	92,377,000	92,918,000	78,547,000
ROA		9.03%	9.67%	8.25%	7.66%	9.31%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $9,074,000K ÷ $100,495,000K
= 9.03%

PepsiCo Inc's return on assets (ROA) has shown some variability over the past five years. The ROA for the year ending December 31, 2023, was 9.03%, lower than the previous year's 9.67%. Despite the slight decline, the 2023 ROA remains relatively strong, indicating that the company generated $0.0903 in net income for every dollar of assets held during the year.

Comparing to previous years, PepsiCo's ROA has generally been stable and above 8%, reflecting the efficient utilization of the company's assets to generate profits. The lowest ROA in the past five years was 7.66% in 2020, while the highest was 9.67% in 2022.

Overall, PepsiCo Inc's ROA indicates that the company has been effectively generating profits relative to its asset base, with 2023 showing a minor decrease but still at a commendable level compared to historical performance. Additional analysis and context would be beneficial to gain deeper insights into the factors driving these ROA fluctuations.