Analysis of Geographic Areas
PepsiCo Inc. operates in 9 regions: United States; Mexico; Canada; Russia; China; United Kingdom; Brazil; South Africa; and All other countries.
Area Asset Turnover
PepsiCo Inc., asset turnover by geographic area
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 1.27 | 1.29 | 1.23 | 1.11 | 1.26 |
| Mexico | 2.79 | 2.83 | 2.66 | 2.30 | 2.52 |
| Canada | 1.32 | 1.32 | 1.20 | 1.07 | 1.05 |
| Russia | 1.80 | 1.62 | 0.91 | 0.83 | 0.76 |
| China | 1.79 | 1.81 | 1.54 | 1.05 | 1.84 |
| United Kingdom | 2.24 | 2.18 | 2.32 | 2.15 | 2.08 |
| Brazil | 3.10 | 3.63 | — | — | — |
| South Africa | 1.31 | 1.38 | 1.45 | 0.86 | 2.96 |
| All other countries | 1.50 | 1.27 | 1.25 | 1.10 | 1.18 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Mexico | Mexico area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Canada | Canada area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Russia | Russia area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| China | China area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Brazil | Brazil area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| South Africa | South Africa area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| All other countries | All other countries area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
PepsiCo Inc.; United States; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 52,165) | 49,390) | 44,545) | 40,800) | 38,644) |
| Long-lived assets | 41,234) | 38,240) | 36,324) | 36,657) | 30,601) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.27 | 1.29 | 1.23 | 1.11 | 1.26 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 52,165 ÷ 41,234 = 1.27
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Mexico
PepsiCo Inc.; Mexico; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 7,011) | 5,472) | 4,580) | 3,924) | 4,190) |
| Long-lived assets | 2,509) | 1,933) | 1,720) | 1,708) | 1,666) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.79 | 2.83 | 2.66 | 2.30 | 2.52 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 7,011 ÷ 2,509 = 2.79
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico | Mexico area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Canada
PepsiCo Inc.; Canada; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 3,722) | 3,536) | 3,405) | 2,989) | 2,831) |
| Long-lived assets | 2,815) | 2,678) | 2,846) | 2,794) | 2,695) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.32 | 1.32 | 1.20 | 1.07 | 1.05 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 3,722 ÷ 2,815 = 1.32
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Russia
PepsiCo Inc.; Russia; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 3,566) | 4,118) | 3,426) | 3,009) | 3,263) |
| Long-lived assets | 1,986) | 2,538) | 3,751) | 3,644) | 4,314) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.80 | 1.62 | 0.91 | 0.83 | 0.76 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 3,566 ÷ 1,986 = 1.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Russia | Russia area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: China
PepsiCo Inc.; China; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 2,703) | 2,752) | 2,679) | 1,732) | 1,300) |
| Long-lived assets | 1,510) | 1,517) | 1,745) | 1,649) | 705) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.79 | 1.81 | 1.54 | 1.05 | 1.84 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,703 ÷ 1,510 = 1.79
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: United Kingdom
PepsiCo Inc.; United Kingdom; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 1,946) | 1,844) | 2,102) | 1,882) | 1,723) |
| Long-lived assets | 868) | 847) | 906) | 874) | 827) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.24 | 2.18 | 2.32 | 2.15 | 2.08 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,946 ÷ 868 = 2.24
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Brazil
PepsiCo Inc.; Brazil; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 1,779) | 1,617) | —) | —) | —) |
| Long-lived assets | 573) | 446) | —) | —) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.10 | 3.63 | — | — | — |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,779 ÷ 573 = 3.10
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Brazil | Brazil area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: South Africa
PepsiCo Inc.; South Africa; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 1,707) | 1,837) | 2,008) | 1,282) | 405) |
| Long-lived assets | 1,305) | 1,327) | 1,389) | 1,484) | 137) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.31 | 1.38 | 1.45 | 0.86 | 2.96 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,707 ÷ 1,305 = 1.31
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | South Africa | South Africa area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: All other countries
PepsiCo Inc.; All other countries; area asset turnover calculation
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 16,872) | 15,826) | 16,729) | 14,754) | 14,805) |
| Long-lived assets | 11,226) | 12,439) | 13,399) | 13,423) | 12,587) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.50 | 1.27 | 1.25 | 1.10 | 1.18 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
1 2023 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 16,872 ÷ 11,226 = 1.50
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | All other countries | All other countries area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net revenue
PepsiCo Inc., net revenue by geographic area
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 52,165) | 49,390) | 44,545) | 40,800) | 38,644) |
| Mexico | 7,011) | 5,472) | 4,580) | 3,924) | 4,190) |
| Canada | 3,722) | 3,536) | 3,405) | 2,989) | 2,831) |
| Russia | 3,566) | 4,118) | 3,426) | 3,009) | 3,263) |
| China | 2,703) | 2,752) | 2,679) | 1,732) | 1,300) |
| United Kingdom | 1,946) | 1,844) | 2,102) | 1,882) | 1,723) |
| Brazil | 1,779) | 1,617) | —) | —) | —) |
| South Africa | 1,707) | 1,837) | 2,008) | 1,282) | 405) |
| All other countries | 16,872) | 15,826) | 16,729) | 14,754) | 14,805) |
| Total | 91,471) | 86,392) | 79,474) | 70,372) | 67,161) |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
Long-lived assets
PepsiCo Inc., long-lived assets by geographic area
US$ in millions
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | |
|---|---|---|---|---|---|
| United States | 41,234) | 38,240) | 36,324) | 36,657) | 30,601) |
| Mexico | 2,509) | 1,933) | 1,720) | 1,708) | 1,666) |
| Canada | 2,815) | 2,678) | 2,846) | 2,794) | 2,695) |
| Russia | 1,986) | 2,538) | 3,751) | 3,644) | 4,314) |
| China | 1,510) | 1,517) | 1,745) | 1,649) | 705) |
| United Kingdom | 868) | 847) | 906) | 874) | 827) |
| Brazil | 573) | 446) | —) | —) | —) |
| South Africa | 1,305) | 1,327) | 1,389) | 1,484) | 137) |
| All other countries | 11,226) | 12,439) | 13,399) | 13,423) | 12,587) |
| Total | 64,026) | 61,965) | 62,080) | 62,233) | 53,532) |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).