Molson Coors Brewing Co Class B (TAP)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 25,467,000 | 25,112,400 | 24,361,000 | 23,646,400 | 23,380,700 | 23,418,000 | 23,223,500 | 23,303,800 | 20,764,200 | 17,795,400 | 14,915,700 | 11,442,100 | 11,723,800 | 12,037,000 | 12,156,600 | 12,746,800 | 13,009,100 | 12,942,500 | 13,069,600 | 13,270,100 |
| Property, plant and equipment | US$ in thousands | 4,398,100 | 4,222,400 | 4,288,000 | 4,219,400 | 7,834,500 | 4,008,500 | 4,117,500 | 4,154,900 | 7,638,100 | 4,050,800 | 4,110,600 | 4,143,500 | 4,250,300 | 4,180,100 | 4,344,000 | 4,393,600 | 4,546,500 | 4,432,000 | 4,505,100 | 4,553,300 |
| Fixed asset turnover | 5.79 | 5.95 | 5.68 | 5.60 | 2.98 | 5.84 | 5.64 | 5.61 | 2.72 | 4.39 | 3.63 | 2.76 | 2.76 | 2.88 | 2.80 | 2.90 | 2.86 | 2.92 | 2.90 | 2.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $25,467,000K ÷ $4,398,100K
= 5.79
Molson Coors Beverage Company's fixed asset turnover ratio has shown a relatively stable trend over the past eight quarters, ranging from 2.52 to 2.70. This ratio measures how efficiently the company is generating revenue from its investment in fixed assets.
The average fixed asset turnover ratio for the period is 2.59, indicating that, on average, Molson Coors generates $2.59 in revenue for every dollar invested in fixed assets.
The variations in the ratio suggest that the company may have experienced fluctuations in its revenue generation efficiency from its fixed assets during the period under review. However, the overall stability of the ratio indicates that Molson Coors has been effectively utilizing its fixed assets to generate sales revenue.
It is advisable for management to further analyze the factors driving the fluctuations in the fixed asset turnover ratio to ensure optimal utilization of the company's fixed assets and maximize revenue generation efficiency in the future.
Peer comparison
Dec 31, 2023