Analysis of Geographic Areas
Kraft Heinz Co. operates in 2 regions: United States and Other.
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Area Asset Turnover
Kraft Heinz Co., asset turnover by geographic area
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| United States | |||||
| Other |
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).
The annual geographic area asset turnover data reveals specific trends over the reported periods ending in 2019 for two regions: the United States and Other regions. The data begins with missing values for both regions from 2015 through 2017 and becomes available only for 2018 and 2019.
- United States
- The asset turnover ratio for the United States is recorded at 3.57 for both 2018 and 2019. This indicates a stable level of asset efficiency in this region during the two years, with no improvement or decline observable across this short timeframe.
- Other
- For regions classified as Other, the asset turnover ratio is 4.08 in 2018 and decreases to 3.48 in 2019. This decline suggests a reduction in asset efficiency, implying that in 2019 the company generated fewer sales per unit of assets relative to the previous year in these regions.
Overall, while the United States exhibits a consistent asset turnover performance, the Other regions show a notable downward trend in asset utilization efficiency as of the last year reported. The absence of data before 2018 limits the ability to evaluate longer-term trends or cyclical patterns for these geographic areas.
Area Asset Turnover: United States
Kraft Heinz Co.; United States; area asset turnover calculation
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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
Area asset turnover = Net sales ÷ Long-lived assets
= ÷ =
- Net Sales
- The net sales figures are only available for the two most recent years, showing a slight decline from $18,218 million in 2018 to $17,844 million in 2019. This indicates a minor decrease in revenue from the United States geographic area during this period.
- Long-lived Assets
- Long-lived assets decreased marginally from $5,103 million in 2018 to $5,004 million in 2019. This suggests a small reduction in the asset base used in this geographic segment, which could be due to asset disposals, depreciation, or lower capital expenditures.
- Area Asset Turnover
- The area asset turnover ratio remained constant at 3.57 for both years available. This stability indicates that the company maintained consistent efficiency in using its assets to generate sales in the United States market over this period.
Area Asset Turnover: Other
Kraft Heinz Co.; Other; area asset turnover calculation
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales | |||||
| Long-lived assets | |||||
| Area Activity Ratio | |||||
| Area asset turnover1 | |||||
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
Area asset turnover = Net sales ÷ Long-lived assets
= ÷ =
- Net Sales
- Net sales in the "Other" geographic area demonstrate a declining trend between the last two recorded years. In 2019, net sales were reported at 8,050 million USD, which decreased to 7,133 million USD in 2020, indicating a reduction in revenue generation from this segment.
- Long-lived Assets
- The value of long-lived assets in the region shows a moderate increase. The figures rose from 1,975 million USD in 2019 to 2,051 million USD in 2020. This suggests ongoing investment or retention of fixed assets within this geographic area despite declining sales.
- Area Asset Turnover
- The asset turnover ratio, which measures net sales generated per unit of asset, indicates a decline from 4.08 in 2019 to 3.48 in 2020. This decline suggests decreased efficiency in utilizing the long-lived assets to generate sales during this period.
Net sales
Kraft Heinz Co., net sales by geographic area
US$ in millions
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| United States | |||||
| Other | |||||
| Total |
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).
- United States Net Sales
- The net sales in the United States show a slight decreasing trend over the two years reported. In 2018, the net sales were 18,218 million US dollars, which declined to 17,844 million US dollars in 2019, representing a reduction of approximately 2.05%.
- Other Geographic Areas Net Sales
- Net sales in other geographic areas also decreased within the same period. Sales dropped from 8,050 million US dollars in 2018 to 7,133 million US dollars in 2019, amounting to a reduction of about 11.39%.
- Total Net Sales
- Total net sales reflect a declining pattern consistent with the regional data. The combined net sales decreased from 26,268 million US dollars in 2018 to 24,977 million US dollars in 2019, indicating an overall decline of approximately 4.92%.
- Summary of Trends
- Analysis of the available data across the two years indicates a downward trend in net sales both in the United States and other geographic areas. The decrease in net sales is more pronounced in the other areas compared to the United States. Consequently, the total net sales of the company experienced a notable decline, influenced by decreasing sales in all reported regions.
Long-lived assets
Kraft Heinz Co., long-lived assets by geographic area
US$ in millions
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
|---|---|---|---|---|---|
| United States | |||||
| Other | |||||
| Total |
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).
- United States Long-Lived Assets
- The long-lived assets in the United States showed a slight decline between the last two recorded periods, decreasing from 5,103 million US dollars to 5,004 million US dollars. This represents a marginal reduction, suggesting relatively stable asset levels in this geographic area with minor asset disposals or depreciation outpacing additions.
- Other Geographic Areas Long-Lived Assets
- Assets categorized under 'Other' geographic areas displayed a modest increase from 1,975 million US dollars to 2,051 million US dollars between the same periods. This upward trend indicates some growth or investment in long-lived assets outside of the United States.
- Total Long-Lived Assets
- The total long-lived assets showed a slight overall decrease, from 7,078 million US dollars to 7,055 million US dollars. The relatively small change in total assets suggests a stable asset base with minor fluctuations driven primarily by changes within the United States category, partially offset by growth in other geographic areas.