Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Keurig Dr Pepper Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Keurig Dr Pepper Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Keurig Dr Pepper Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 and from 2020 to 2021. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Keurig Dr Pepper Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Keurig Dr Pepper Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover
Keurig Dr Pepper Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,683) | 11,618) | 11,120) | 7,442) | |
| Property, plant and equipment, net | 2,494) | 2,212) | 2,028) | 2,310) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover1 | 5.09 | 5.25 | 5.48 | 3.22 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover, Competitors2 | |||||
| Altria Group Inc. | 16.75 | 13.00 | 12.56 | — | |
| Coca-Cola Co. | 3.90 | 3.06 | 3.44 | — | |
| PepsiCo Inc. | 3.55 | 3.29 | 3.48 | — | |
| Philip Morris International Inc. | 5.09 | 4.51 | 4.49 | — | |
| Net Fixed Asset Turnover, Sector | |||||
| Food, Beverage & Tobacco | 4.38 | 3.90 | 4.11 | — | |
| Net Fixed Asset Turnover, Industry | |||||
| Consumer Staples | 5.28 | 4.57 | 4.46 | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2021 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 12,683 ÷ 2,494 = 5.09
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Keurig Dr Pepper Inc. net fixed asset turnover ratio deteriorated from 2019 to 2020 and from 2020 to 2021. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Keurig Dr Pepper Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,683) | 11,618) | 11,120) | 7,442) | |
| Property, plant and equipment, net | 2,494) | 2,212) | 2,028) | 2,310) | |
| Operating lease right-of-use assets | 673) | 645) | 497) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 3,167) | 2,857) | 2,525) | 2,310) | |
| Long-term Activity Ratio | |||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 4.00 | 4.07 | 4.40 | 3.22 | |
| Benchmarks | |||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||
| Coca-Cola Co. | 3.41 | 2.68 | 3.05 | — | |
| PepsiCo Inc. | 3.25 | 3.05 | 3.22 | — | |
| Philip Morris International Inc. | 4.69 | 4.06 | 4.03 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||
| Food, Beverage & Tobacco | 3.99 | 3.56 | 3.75 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||
| Consumer Staples | 4.57 | 3.93 | 4.35 | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net sales ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 12,683 ÷ 3,167 = 4.00
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Keurig Dr Pepper Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 and from 2020 to 2021. |
Total Asset Turnover
Keurig Dr Pepper Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,683) | 11,618) | 11,120) | 7,442) | |
| Total assets | 50,598) | 49,779) | 49,518) | 48,918) | |
| Long-term Activity Ratio | |||||
| Total asset turnover1 | 0.25 | 0.23 | 0.22 | 0.15 | |
| Benchmarks | |||||
| Total Asset Turnover, Competitors2 | |||||
| Altria Group Inc. | 0.66 | 0.55 | 0.51 | — | |
| Coca-Cola Co. | 0.41 | 0.38 | 0.43 | — | |
| PepsiCo Inc. | 0.86 | 0.76 | 0.86 | — | |
| Philip Morris International Inc. | 0.76 | 0.64 | 0.70 | — | |
| Total Asset Turnover, Sector | |||||
| Food, Beverage & Tobacco | 0.66 | 0.58 | 0.62 | — | |
| Total Asset Turnover, Industry | |||||
| Consumer Staples | 1.45 | 1.35 | 1.43 | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2021 Calculation
Total asset turnover = Net sales ÷ Total assets
= 12,683 ÷ 50,598 = 0.25
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Keurig Dr Pepper Inc. total asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Equity Turnover
Keurig Dr Pepper Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | 12,683) | 11,618) | 11,120) | 7,442) | |
| Stockholders’ equity | 24,972) | 23,829) | 23,257) | 22,533) | |
| Long-term Activity Ratio | |||||
| Equity turnover1 | 0.51 | 0.49 | 0.48 | 0.33 | |
| Benchmarks | |||||
| Equity Turnover, Competitors2 | |||||
| Altria Group Inc. | — | 9.21 | 4.04 | — | |
| Coca-Cola Co. | 1.68 | 1.71 | 1.96 | — | |
| PepsiCo Inc. | 4.95 | 5.23 | 4.54 | — | |
| Philip Morris International Inc. | — | — | — | — | |
| Equity Turnover, Sector | |||||
| Food, Beverage & Tobacco | 6.42 | 6.87 | 5.61 | — | |
| Equity Turnover, Industry | |||||
| Consumer Staples | 5.82 | 5.62 | 5.45 | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2021 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 12,683 ÷ 24,972 = 0.51
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Keurig Dr Pepper Inc. equity turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |