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)
Kraft Heinz Co., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Kraft Heinz Co. net fixed asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| 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). | Kraft Heinz Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Kraft Heinz Co. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Kraft Heinz Co. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Net Fixed Asset Turnover
Kraft Heinz Co., net fixed asset turnover calculation, comparison to benchmarks
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 24,977) | 26,268) | 26,232) | 26,487) | 18,338) | |
| Property, plant and equipment, net | 7,055) | 7,078) | 7,120) | 6,688) | 6,524) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 3.54 | 3.71 | 3.68 | 3.96 | 2.81 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Altria Group Inc. | 12.56 | — | — | — | — | |
| Coca-Cola Co. | 3.44 | — | — | — | — | |
| PepsiCo Inc. | 3.48 | — | — | — | — | |
| Philip Morris International Inc. | 4.49 | — | — | — | — | |
| Net Fixed Asset Turnover, Sector | ||||||
| Food, Beverage & Tobacco | 4.11 | — | — | — | — | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Staples | 4.46 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Net fixed asset turnover = Net sales ÷ Property, plant and equipment, net
= 24,977 ÷ 7,055 = 3.54
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. | Kraft Heinz Co. net fixed asset turnover ratio improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Kraft Heinz Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 24,977) | 26,268) | 26,232) | 26,487) | 18,338) | |
| Property, plant and equipment, net | 7,055) | 7,078) | 7,120) | 6,688) | 6,524) | |
| Right-of-use assets, operating leases | 542) | —) | —) | —) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 7,597) | 7,078) | 7,120) | 6,688) | 6,524) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.29 | 3.71 | 3.68 | 3.96 | 2.81 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Coca-Cola Co. | 3.05 | — | — | — | — | |
| PepsiCo Inc. | 3.22 | — | — | — | — | |
| Philip Morris International Inc. | 4.03 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Food, Beverage & Tobacco | 3.75 | — | — | — | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Staples | 4.35 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 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)
= 24,977 ÷ 7,597 = 3.29
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). | Kraft Heinz Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2017 to 2018 but then deteriorated significantly from 2018 to 2019. |
Total Asset Turnover
Kraft Heinz Co., total asset turnover calculation, comparison to benchmarks
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 24,977) | 26,268) | 26,232) | 26,487) | 18,338) | |
| Total assets | 101,450) | 103,461) | 120,232) | 120,480) | 122,973) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.25 | 0.25 | 0.22 | 0.22 | 0.15 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Altria Group Inc. | 0.51 | — | — | — | — | |
| Coca-Cola Co. | 0.43 | — | — | — | — | |
| PepsiCo Inc. | 0.86 | — | — | — | — | |
| Philip Morris International Inc. | 0.70 | — | — | — | — | |
| Total Asset Turnover, Sector | ||||||
| Food, Beverage & Tobacco | 0.62 | — | — | — | — | |
| Total Asset Turnover, Industry | ||||||
| Consumer Staples | 1.43 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 24,977 ÷ 101,450 = 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. | Kraft Heinz Co. total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |
Equity Turnover
Kraft Heinz Co., equity turnover calculation, comparison to benchmarks
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net sales | 24,977) | 26,268) | 26,232) | 26,487) | 18,338) | |
| Shareholders’ equity | 51,623) | 51,657) | 66,034) | 57,358) | 57,685) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 0.48 | 0.51 | 0.40 | 0.46 | 0.32 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Altria Group Inc. | 4.04 | — | — | — | — | |
| Coca-Cola Co. | 1.96 | — | — | — | — | |
| PepsiCo Inc. | 4.54 | — | — | — | — | |
| Philip Morris International Inc. | — | — | — | — | — | |
| Equity Turnover, Sector | ||||||
| Food, Beverage & Tobacco | 5.61 | — | — | — | — | |
| Equity Turnover, Industry | ||||||
| Consumer Staples | 5.45 | — | — | — | — | |
Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).
1 2019 Calculation
Equity turnover = Net sales ÷ Shareholders’ equity
= 24,977 ÷ 51,623 = 0.48
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. | Kraft Heinz Co. equity turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019. |