Molson Coors Brewing Co Class B (TAP)
Total 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 |
| Total assets | US$ in thousands | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 | 28,859,800 |
| Total asset turnover | 0.96 | 0.90 | 0.81 | 0.43 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $25,352,700K ÷ $26,375,100K
= 0.96
Molson Coors Beverage Company's total asset turnover has shown an increasing trend over the past five years, indicating an improvement in its efficiency in generating sales from its total assets. The ratio increased from 0.37 in 2019 to 0.44 in 2023, showcasing the company's ability to utilize its assets more effectively to drive revenue. This rise suggests that Molson Coors has been more successful in generating sales relative to the size of its asset base in recent years. It is essential for investors and stakeholders to monitor this metric to assess the company's operational efficiency and ability to maximize its asset utilization for revenue generation.
Peer comparison
Dec 31, 2023