Molson Coors Brewing Co Class B (TAP)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 25,352,700 | 23,257,900 | 22,469,300 | 11,723,800 | 13,009,100 |
| Property, plant and equipment | US$ in thousands | 4,398,100 | 7,834,500 | 7,638,100 | 4,250,300 | 4,546,500 |
| Fixed asset turnover | 5.76 | 2.97 | 2.94 | 2.76 | 2.86 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $25,352,700K ÷ $4,398,100K
= 5.76
The fixed asset turnover ratio for Molson Coors Beverage Company has shown a generally increasing trend over the past five years, indicating the company's efficiency in generating sales revenue from its investment in fixed assets. The ratio increased from 2.33 in 2019 to 2.63 in 2023, suggesting improved utilization of fixed assets to drive sales growth.
A fixed asset turnover ratio of 2.63 in 2023 means that for each dollar invested in fixed assets, the company generated $2.63 in sales revenue. This indicates that Molson Coors Beverage Company is effectively utilizing its fixed assets to drive revenue generation.
The trend of increasing fixed asset turnover ratio is a positive sign, indicating that the company is enhancing its operational efficiency and asset utilization. It signifies that Molson Coors Beverage Company is effectively managing and leveraging its fixed assets to generate sales, which is essential for sustainable growth and profitability in the long term.
Peer comparison
Dec 31, 2023