Molson Coors Brewing Co Class B (TAP)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,627,000 | 11,682,200 | 11,937,900 | 11,952,200 | 11,702,100 | 11,540,800 | 11,177,600 | 10,832,700 | 10,701,000 | 10,690,700 | 10,578,200 | 10,595,900 | 10,279,700 | 9,954,800 | 9,885,600 | 9,449,600 | 9,654,000 | 9,845,900 | 9,934,000 | 10,378,900 |
| Total assets | US$ in thousands | 26,064,300 | 26,635,300 | 27,394,200 | 26,072,300 | 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 |
| Total asset turnover | 0.45 | 0.44 | 0.44 | 0.46 | 0.44 | 0.43 | 0.42 | 0.42 | 0.41 | 0.40 | 0.39 | 0.38 | 0.37 | 0.36 | 0.35 | 0.35 | 0.35 | 0.34 | 0.35 | 0.36 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,627,000K ÷ $26,064,300K
= 0.45
The total asset turnover of Molson Coors Brewing Co Class B shows an improving trend from March 31, 2020, to December 31, 2024. The ratio has increased steadily over the period, starting at 0.36 in March 2020 and reaching 0.45 by December 31, 2024. This indicates that the company is generating more revenue relative to its total assets, reflecting greater efficiency in asset utilization.
The gradual increase in total asset turnover suggests that Molson Coors Brewing Co Class B has been able to leverage its assets more effectively to generate sales. A higher total asset turnover ratio typically indicates better operational performance and productivity, as the company is generating more revenue for each dollar of assets employed.
Overall, the improving trend in total asset turnover for Molson Coors Brewing Co Class B demonstrates the company's ability to efficiently utilize its assets to drive revenue growth and potentially enhance profitability over the analyzed period.
Peer comparison
Dec 31, 2024