Molson Coors Brewing Co Class B (TAP)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,627,000 | 11,702,100 | 10,701,000 | 10,279,700 | 9,654,000 |
| Total assets | US$ in thousands | 26,064,300 | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 |
| Total asset turnover | 0.45 | 0.44 | 0.41 | 0.37 | 0.35 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,627,000K ÷ $26,064,300K
= 0.45
Molson Coors Brewing Co Class B has shown a gradual improvement in its total asset turnover over the years, indicating its ability to generate sales relative to its total assets invested. The total asset turnover ratio has increased from 0.35 in December 2020 to 0.45 in December 2024. This suggests that the company has been more efficient in utilizing its assets to generate revenue. A higher total asset turnover ratio is generally favorable as it signifies that the company is generating more sales with fewer assets, indicating efficient asset utilization. The increasing trend indicates that Molson Coors Brewing Co Class B has been effectively managing its assets to drive revenue growth over the period under review.
Peer comparison
Dec 31, 2024