Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
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 Foods Group Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio demonstrates a relatively stable trend over the observed quarterly periods. Beginning at 4.36, it experienced a slight increase up to 4.57, followed by a gradual decrease to 4.34. The variations are marginal, suggesting consistent efficiency in utilizing fixed assets to generate sales.
- Total Asset Turnover
- The total asset turnover ratio remains consistently close to 0.79 throughout the timeframe. Minor fluctuations are observed, with values oscillating slightly between 0.77 and 0.79, indicating a steady ability to generate revenue from total assets without significant change in asset utilization effectiveness.
- Equity Turnover
- The equity turnover ratio exhibits a declining trend initially, starting at 5.13 and decreasing steadily to 3.24 over several quarters. This downward movement indicates a reduction in the rate at which equity is used to generate sales. However, in the final two observed quarters, there is an uptick to 4.17 and 4.03, showing a partial recovery but still below earlier levels. This suggests fluctuations in the company's efficiency in deploying equity for sales generation, with a notable mid-period decrease and slight rebound at the end.
Net Fixed Asset Turnover
Kraft Foods Group Inc., net fixed asset turnover calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Net revenues | 4,352) | 4,696) | 4,400) | 4,747) | 4,362) | 4,595) | 4,394) | 4,716) | 4,513) | 4,494) | 4,606) | 4,786) | 4,453) | |||||
| Property, plant and equipment, net | 4,194) | 4,192) | 4,169) | 4,130) | 4,106) | 4,115) | 4,103) | 4,028) | 4,026) | 4,204) | 4,211) | 4,222) | 4,260) | |||||
| Long-term Activity Ratio | ||||||||||||||||||
| Net fixed asset turnover1 | 4.34 | 4.34 | 4.34 | 4.38 | 4.40 | 4.43 | 4.42 | 4.55 | 4.57 | 4.36 | — | — | — | |||||
| Benchmarks | ||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Net fixed asset turnover
= (Net revenuesQ1 2015
+ Net revenuesQ4 2014
+ Net revenuesQ3 2014
+ Net revenuesQ2 2014)
÷ Property, plant and equipment, net
= (4,352 + 4,696 + 4,400 + 4,747)
÷ 4,194 = 4.34
2 Click competitor name to see calculations.
- Net Revenues
- Net revenues show fluctuations over the observed periods without a clear upward or downward long-term trend. Beginning at 4453 million US dollars in the first quarter of 2012, revenues increased to a peak of 4786 million in the second quarter of 2012, followed by periodic declines and recoveries. Notably, each year's first quarter demonstrates a decrease compared to the preceding fourth quarter, with values dipping from 4595 million in December 2013 to 4362 million in March 2014 and from 4696 million in December 2014 to 4352 million in March 2015. The overall pattern indicates seasonal or cyclical influences impacting revenues across quarters.
- Property, Plant, and Equipment, Net
- The net value of property, plant, and equipment exhibits a gradual decrease from 4260 million US dollars at the beginning of 2012 to 4026 million by March 2013. After this decline, the asset base stabilizes and slightly increases over subsequent quarters, reaching 4194 million by March 2015. This suggests a period of asset reduction or depreciation in early 2012 through early 2013, followed by reinvestment or slower depreciation in later periods.
- Net Fixed Asset Turnover
- Net fixed asset turnover, which measures revenue generated per unit of fixed assets, remains relatively stable in the periods with available data, ranging narrowly between 4.34 and 4.57. Starting at 4.36 in March 2012, it peaks at 4.57 in June 2013 and slightly decreases thereafter but maintains a consistent level around 4.34 by March 2015. This stability suggests a consistent efficiency in utilizing fixed assets to generate revenues throughout the reported time frame.
- Overall Analysis
- The financial data reveals a company experiencing typical seasonal revenue variations and modest fluctuations in asset levels. The decline and subsequent stabilization in property, plant, and equipment value align with a consistent asset utilization indicated by the steady net fixed asset turnover ratios. Despite revenue variability, asset management appears stable, reflecting steady operational capacity and efficiency over the analyzed quarters.
Total Asset Turnover
Kraft Foods Group Inc., total asset turnover calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Net revenues | 4,352) | 4,696) | 4,400) | 4,747) | 4,362) | 4,595) | 4,394) | 4,716) | 4,513) | 4,494) | 4,606) | 4,786) | 4,453) | |||||
| Total assets | 23,134) | 22,947) | 22,803) | 23,345) | 23,361) | 23,148) | 23,126) | 23,064) | 23,267) | 23,329) | 22,284) | 21,889) | 22,095) | |||||
| Long-term Activity Ratio | ||||||||||||||||||
| Total asset turnover1 | 0.79 | 0.79 | 0.79 | 0.78 | 0.77 | 0.79 | 0.78 | 0.79 | 0.79 | 0.79 | — | — | — | |||||
| Benchmarks | ||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Total asset turnover
= (Net revenuesQ1 2015
+ Net revenuesQ4 2014
+ Net revenuesQ3 2014
+ Net revenuesQ2 2014)
÷ Total assets
= (4,352 + 4,696 + 4,400 + 4,747)
÷ 23,134 = 0.79
2 Click competitor name to see calculations.
- Net Revenues
- Net revenues exhibit a pattern of moderate fluctuation throughout the reported periods. Starting at 4453 million US dollars in the first quarter of 2012, revenues peaked at 4786 million in the second quarter of the same year, followed by a decline to 4606 million in the third quarter. This cyclical behavior continues, with revenues dipping below 4400 million in the first quarter of 2014 and again in the first quarter of 2015, suggesting a seasonal or cyclical component to sales. Although there are periods of recovery, the overall trend does not indicate significant long-term growth within the observed timeframe.
- Total Assets
- Total assets have shown a relative stability with slight increases over time. Beginning at 22095 million US dollars in the first quarter of 2012, assets peak around 23329 million by the end of 2012. From early 2013 onwards, asset levels stabilize in the range of approximately 23000 to 23300 million, reaching 23134 million in the first quarter of 2015. The fluctuations are minimal, suggesting consistent asset management without aggressive expansion or divestitures during this period.
- Total Asset Turnover Ratio
- The total asset turnover ratio is consistently around 0.79 from the first quarter of 2013 through the first quarter of 2015. Slight dips to 0.77 and 0.78 occur intermittently but are marginal. This steadiness implies a consistent efficiency in using assets to generate revenues over the observed quarters, with no marked improvements or deteriorations in operational efficiency.
Equity Turnover
Kraft Foods Group Inc., equity turnover calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Net revenues | 4,352) | 4,696) | 4,400) | 4,747) | 4,362) | 4,595) | 4,394) | 4,716) | 4,513) | 4,494) | 4,606) | 4,786) | 4,453) | |||||
| Equity | 4,517) | 4,365) | 5,585) | 5,463) | 5,307) | 5,187) | 4,853) | 4,300) | 3,742) | 3,572) | 7,458) | 10,958) | 17,275) | |||||
| Long-term Activity Ratio | ||||||||||||||||||
| Equity turnover1 | 4.03 | 4.17 | 3.24 | 3.31 | 3.40 | 3.51 | 3.73 | 4.26 | 4.92 | 5.13 | — | — | — | |||||
| Benchmarks | ||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Equity turnover
= (Net revenuesQ1 2015
+ Net revenuesQ4 2014
+ Net revenuesQ3 2014
+ Net revenuesQ2 2014)
÷ Equity
= (4,352 + 4,696 + 4,400 + 4,747)
÷ 4,517 = 4.03
2 Click competitor name to see calculations.
The financial data reveals several observable trends over the analyzed periods.
- Net Revenues
- Net revenues exhibit fluctuations throughout the quarters, ranging approximately between 4,300 million and 4,800 million US dollars. There is no consistent upward or downward trajectory, indicating variability in revenue generation. Notably, some quarters show incremental increases followed by declines, suggesting potential seasonal effects or market variations affecting sales performance.
- Equity
- Equity follows a generally decreasing trend from the beginning of the observation period through to the end, starting at around 17,275 million US dollars and declining sharply to approximately 3,572 million within the first four quarters. After this significant drop, equity starts to recover gradually, stabilizing around the 5,000 million mark in later periods, though it slightly decreases again in the last recorded quarter. This substantial initial decrease may reflect significant company activities such as buybacks, restructuring, or losses impacting shareholder equity.
- Equity Turnover Ratio
- The equity turnover ratio data is available from the quarter ending March 30, 2013, and shows a declining trend from 5.13 to around 3.24 over subsequent quarters before rising again towards the final periods, reaching values above 4. The ratio's fluctuations suggest changes in how effectively the company is generating revenue relative to its equity base. The initial decline could indicate increasing equity or decreasing revenue efficiency, while the later increase suggests improvement in revenue generation relative to equity.
In summary, while net revenues display variability without a clear trend, equity exhibits a significant reduction followed by partial recovery. The equity turnover ratio mirrors these movements, initially decreasing but later showing signs of improvement. These dynamics point to transitional phases in the company's financial structure and operational effectiveness during the reported quarters.