Molson Coors Brewing Co Class B (TAP)
Total 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 |
| Total assets | US$ in thousands | 26,375,100 | 26,568,400 | 26,789,600 | 25,852,500 | 25,868,300 | 26,708,500 | 27,387,900 | 27,721,500 | 27,619,000 | 27,643,500 | 28,519,900 | 27,163,600 | 27,331,100 | 28,675,300 | 28,638,800 | 28,461,100 | 28,859,800 | 28,751,600 | 30,061,600 | 29,823,600 |
| Total asset turnover | 0.97 | 0.95 | 0.91 | 0.91 | 0.90 | 0.88 | 0.85 | 0.84 | 0.75 | 0.64 | 0.52 | 0.42 | 0.43 | 0.42 | 0.42 | 0.45 | 0.45 | 0.45 | 0.43 | 0.44 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $25,467,000K ÷ $26,375,100K
= 0.97
The total asset turnover ratio measures the company's efficiency in generating sales revenue relative to its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Based on the data provided, Molson Coors Beverage Company's total asset turnover has been gradually improving over the past eight quarters, from 0.38 in Q1 2022 to 0.44 in Q4 2023. This trend suggests that the company has been more effective in utilizing its assets to generate sales revenue.
The average total asset turnover for the period is approximately 0.41, indicating that, on average, the company generates $0.41 of sales revenue for each dollar invested in total assets. This suggests that Molson Coors Beverage Company has been managing its assets efficiently to drive revenue growth.
Overall, the improving trend in the total asset turnover ratio for Molson Coors Beverage Company reflects positively on the company's operational efficiency and ability to generate sales from its asset base.
Peer comparison
Dec 31, 2023