Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Mondelēz International Inc. inventory turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Mondelēz International Inc. receivables turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Mondelēz International Inc. payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023. |
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Mondelēz International Inc. number of days of receivables outstanding deteriorated from 2021 to 2022 and from 2022 to 2023. |
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Mondelēz International Inc. operating cycle deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Mondelēz International Inc. number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023. |
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. |
Inventory Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Cost of sales | 22,252) | 20,184) | 17,466) | 16,135) | 15,531) | |
Inventories, net | 3,615) | 3,381) | 2,708) | 2,647) | 2,546) | |
Short-term Activity Ratio | ||||||
Inventory turnover1 | 6.16 | 5.97 | 6.45 | 6.10 | 6.10 | |
Benchmarks | ||||||
Inventory Turnover, Competitors2 | ||||||
Altria Group Inc. | 5.12 | 5.46 | 5.96 | 3.98 | 3.09 | |
Coca-Cola Co. | 4.19 | 4.25 | 4.50 | 4.11 | 4.33 | |
PepsiCo Inc. | 7.85 | 7.77 | 8.53 | 7.62 | 9.03 | |
Inventory Turnover, Sector | ||||||
Food, Beverage & Tobacco | 6.09 | 6.08 | 6.60 | 5.74 | 5.83 | |
Inventory Turnover, Industry | ||||||
Consumer Staples | 8.21 | 7.60 | 8.82 | 8.40 | 8.24 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Inventory turnover = Cost of sales ÷ Inventories, net
= 22,252 ÷ 3,615 = 6.16
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | Mondelēz International Inc. inventory turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Receivables Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Net revenues | 36,016) | 31,496) | 28,720) | 26,581) | 25,868) | |
Trade receivables, net of allowances | 3,634) | 3,088) | 2,337) | 2,297) | 2,212) | |
Short-term Activity Ratio | ||||||
Receivables turnover1 | 9.91 | 10.20 | 12.29 | 11.57 | 11.69 | |
Benchmarks | ||||||
Receivables Turnover, Competitors2 | ||||||
Altria Group Inc. | 344.83 | 522.83 | 553.47 | 190.90 | 165.20 | |
Coca-Cola Co. | 13.42 | 12.33 | 11.01 | 10.50 | 9.38 | |
PepsiCo Inc. | 8.46 | 8.50 | 9.16 | 8.37 | 8.59 | |
Receivables Turnover, Sector | ||||||
Food, Beverage & Tobacco | 11.03 | 11.08 | 11.86 | 11.17 | 10.98 | |
Receivables Turnover, Industry | ||||||
Consumer Staples | 35.38 | 34.89 | 38.54 | 37.27 | 34.73 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Receivables turnover = Net revenues ÷ Trade receivables, net of allowances
= 36,016 ÷ 3,634 = 9.91
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Receivables turnover | An activity ratio equal to revenue divided by receivables. | Mondelēz International Inc. receivables turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Payables Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Cost of sales | 22,252) | 20,184) | 17,466) | 16,135) | 15,531) | |
Accounts payable | 8,321) | 7,562) | 6,730) | 6,209) | 5,853) | |
Short-term Activity Ratio | ||||||
Payables turnover1 | 2.67 | 2.67 | 2.60 | 2.60 | 2.65 | |
Benchmarks | ||||||
Payables Turnover, Competitors2 | ||||||
Altria Group Inc. | 10.68 | 11.67 | 15.86 | 20.57 | 21.80 | |
Coca-Cola Co. | 3.31 | 3.39 | 3.34 | 3.82 | 3.84 | |
PepsiCo Inc. | 3.60 | 3.78 | 3.77 | 3.59 | 3.76 | |
Payables Turnover, Sector | ||||||
Food, Beverage & Tobacco | 3.40 | 3.53 | 3.56 | 3.65 | 3.74 | |
Payables Turnover, Industry | ||||||
Consumer Staples | 7.10 | 6.51 | 6.79 | 6.85 | 6.89 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Payables turnover = Cost of sales ÷ Accounts payable
= 22,252 ÷ 8,321 = 2.67
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | Mondelēz International Inc. payables turnover ratio increased from 2021 to 2022 and from 2022 to 2023. |
Working Capital Turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Current assets | 11,703) | 10,091) | 10,342) | 9,979) | 7,630) | |
Less: Current liabilities | 19,013) | 16,731) | 14,008) | 15,159) | 15,322) | |
Working capital | (7,310) | (6,640) | (3,666) | (5,180) | (7,692) | |
Net revenues | 36,016) | 31,496) | 28,720) | 26,581) | 25,868) | |
Short-term Activity Ratio | ||||||
Working capital turnover1 | — | — | — | — | — | |
Benchmarks | ||||||
Working Capital Turnover, Competitors2 | ||||||
Altria Group Inc. | — | — | — | — | — | |
Coca-Cola Co. | 14.47 | 15.00 | 14.90 | 7.12 | — | |
PepsiCo Inc. | — | — | — | — | — | |
Working Capital Turnover, Sector | ||||||
Food, Beverage & Tobacco | — | — | — | — | — | |
Working Capital Turnover, Industry | ||||||
Consumer Staples | — | — | — | — | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Working capital turnover = Net revenues ÷ Working capital
= 36,016 ÷ -7,310 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
Mondelēz International Inc., average inventory processing period calculation, comparison to benchmarks
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Inventory turnover | 6.16 | 5.97 | 6.45 | 6.10 | 6.10 | |
Short-term Activity Ratio (no. days) | ||||||
Average inventory processing period1 | 59 | 61 | 57 | 60 | 60 | |
Benchmarks (no. days) | ||||||
Average Inventory Processing Period, Competitors2 | ||||||
Altria Group Inc. | 71 | 67 | 61 | 92 | 118 | |
Coca-Cola Co. | 87 | 86 | 81 | 89 | 84 | |
PepsiCo Inc. | 46 | 47 | 43 | 48 | 40 | |
Average Inventory Processing Period, Sector | ||||||
Food, Beverage & Tobacco | 60 | 60 | 55 | 64 | 63 | |
Average Inventory Processing Period, Industry | ||||||
Consumer Staples | 44 | 48 | 41 | 43 | 44 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.16 = 59
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
Mondelēz International Inc., average receivable collection period calculation, comparison to benchmarks
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Receivables turnover | 9.91 | 10.20 | 12.29 | 11.57 | 11.69 | |
Short-term Activity Ratio (no. days) | ||||||
Average receivable collection period1 | 37 | 36 | 30 | 32 | 31 | |
Benchmarks (no. days) | ||||||
Average Receivable Collection Period, Competitors2 | ||||||
Altria Group Inc. | 1 | 1 | 1 | 2 | 2 | |
Coca-Cola Co. | 27 | 30 | 33 | 35 | 39 | |
PepsiCo Inc. | 43 | 43 | 40 | 44 | 43 | |
Average Receivable Collection Period, Sector | ||||||
Food, Beverage & Tobacco | 33 | 33 | 31 | 33 | 33 | |
Average Receivable Collection Period, Industry | ||||||
Consumer Staples | 10 | 10 | 9 | 10 | 11 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 9.91 = 37
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | Mondelēz International Inc. number of days of receivables outstanding deteriorated from 2021 to 2022 and from 2022 to 2023. |
Operating Cycle
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Average inventory processing period | 59 | 61 | 57 | 60 | 60 | |
Average receivable collection period | 37 | 36 | 30 | 32 | 31 | |
Short-term Activity Ratio | ||||||
Operating cycle1 | 96 | 97 | 87 | 92 | 91 | |
Benchmarks | ||||||
Operating Cycle, Competitors2 | ||||||
Altria Group Inc. | 72 | 68 | 62 | 94 | 120 | |
Coca-Cola Co. | 114 | 116 | 114 | 124 | 123 | |
PepsiCo Inc. | 89 | 90 | 83 | 92 | 83 | |
Operating Cycle, Sector | ||||||
Food, Beverage & Tobacco | 93 | 93 | 86 | 97 | 96 | |
Operating Cycle, Industry | ||||||
Consumer Staples | 54 | 58 | 50 | 53 | 55 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 59 + 37 = 96
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Mondelēz International Inc. operating cycle deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Average Payables Payment Period
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Payables turnover | 2.67 | 2.67 | 2.60 | 2.60 | 2.65 | |
Short-term Activity Ratio (no. days) | ||||||
Average payables payment period1 | 136 | 137 | 141 | 140 | 138 | |
Benchmarks (no. days) | ||||||
Average Payables Payment Period, Competitors2 | ||||||
Altria Group Inc. | 34 | 31 | 23 | 18 | 17 | |
Coca-Cola Co. | 110 | 108 | 109 | 96 | 95 | |
PepsiCo Inc. | 101 | 97 | 97 | 102 | 97 | |
Average Payables Payment Period, Sector | ||||||
Food, Beverage & Tobacco | 107 | 103 | 102 | 100 | 97 | |
Average Payables Payment Period, Industry | ||||||
Consumer Staples | 51 | 56 | 54 | 53 | 53 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 2.67 = 136
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | Mondelēz International Inc. number of days of payables outstanding decreased from 2021 to 2022 and from 2022 to 2023. |
Cash Conversion Cycle
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Selected Financial Data | ||||||
Average inventory processing period | 59 | 61 | 57 | 60 | 60 | |
Average receivable collection period | 37 | 36 | 30 | 32 | 31 | |
Average payables payment period | 136 | 137 | 141 | 140 | 138 | |
Short-term Activity Ratio | ||||||
Cash conversion cycle1 | -40 | -40 | -54 | -48 | -47 | |
Benchmarks | ||||||
Cash Conversion Cycle, Competitors2 | ||||||
Altria Group Inc. | 38 | 37 | 39 | 76 | 103 | |
Coca-Cola Co. | 4 | 8 | 5 | 28 | 28 | |
PepsiCo Inc. | -12 | -7 | -14 | -10 | -14 | |
Cash Conversion Cycle, Sector | ||||||
Food, Beverage & Tobacco | -14 | -10 | -16 | -3 | -1 | |
Cash Conversion Cycle, Industry | ||||||
Consumer Staples | 3 | 2 | -4 | 0 | 2 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 59 + 37 – 136 = -40
2 Click competitor name to see calculations.
Short-term activity ratio | Description | The company |
---|---|---|
Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. |