Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Kraft Heinz Co. (NASDAQ:KHC)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Beginner level

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)

Kraft Heinz Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Turnover Ratios
Inventory turnover 6.06 6.07 6.19 5.41 5.61 5.53 6.50 5.22 5.33 5.25 5.87 5.16 5.39 5.32 6.30 5.54 6.13 5.23 4.80 — — —
Receivables turnover 12.43 10.85 12.66 12.93 12.51 12.90 12.34 12.92 13.43 25.07 28.48 27.94 28.66 29.66 34.44 31.29 23.88 23.89 21.05 — — —
Payables turnover 4.40 4.34 4.20 4.11 4.15 4.12 4.18 3.98 3.90 3.89 3.72 4.17 4.25 4.26 4.23 4.98 5.97 5.46 4.42 — — —
Working capital turnover 35.01 6.67 112.51 1,948.62 18.70 30.04 16.71 2,917.11 63.87 — — — — — — — — 7.28 6.44 — — —
Average No. Days
Average inventory processing period 60 60 59 68 65 66 56 70 68 70 62 71 68 69 58 66 60 70 76 — — —
Add: Average receivable collection period 29 34 29 28 29 28 30 28 27 15 13 13 13 12 11 12 15 15 17 — — —
Operating cycle 89 94 88 96 94 94 86 98 95 85 75 84 81 81 69 78 75 85 93 — — —
Less: Average payables payment period 83 84 87 89 88 89 87 92 94 94 98 88 86 86 86 73 61 67 83 — — —
Cash conversion cycle 6 10 1 7 6 5 -1 6 1 -9 -23 -4 -5 -5 -17 5 14 18 10 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Kraft Heinz Co.’s inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Kraft Heinz Co.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Kraft Heinz Co.’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Kraft Heinz Co.’s working capital turnover ratio deteriorated from Q4 2019 to Q1 2020 but then slightly improved from Q1 2020 to Q2 2020.
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.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Kraft Heinz Co.’s operating cycle deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
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. Kraft Heinz Co.’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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. Kraft Heinz Co.’s cash conversion cycle deteriorated from Q4 2019 to Q1 2020 but then slightly improved from Q1 2020 to Q2 2020.

Inventory Turnover

Kraft Heinz Co., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Cost of products sold 4,196  4,299  4,429  4,129  4,324  3,948  4,675  4,289  4,343  4,040  4,470  4,000  3,996  4,063  4,398  4,049  4,262  4,192  4,720  4,492  1,734  1,631 
Inventories 2,815  2,831  2,721  3,158  3,074  3,118  2,667  3,287  3,161  3,144  2,815  3,188  3,065  3,151  2,684  3,108  2,881  2,892  2,618  2,981  1,162  1,232 
Short-term Activity Ratio
Inventory turnover1 6.06 6.07 6.19 5.41 5.61 5.53 6.50 5.22 5.33 5.25 5.87 5.16 5.39 5.32 6.30 5.54 6.13 5.23 4.80 — — —
Benchmarks
Inventory Turnover, Competitors2
Mondelēz International Inc. 5.84 6.49 6.10 5.69 5.73 5.96 6.01 5.51 5.88 6.05 6.19 5.65 5.77 6.06 6.40 5.82 6.05 6.25 6.95 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Inventory turnover = (Cost of products soldQ2 2020 + Cost of products soldQ1 2020 + Cost of products soldQ4 2019 + Cost of products soldQ3 2019) ÷ Inventories
= (4,196 + 4,299 + 4,429 + 4,129) ÷ 2,815 = 6.06

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. Kraft Heinz Co.’s inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Receivables Turnover

Kraft Heinz Co., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Net sales 6,648  6,157  6,536  6,076  6,406  5,959  6,891  6,383  6,690  6,304  6,877  6,314  6,677  6,364  6,857  6,267  6,793  6,570  7,124  6,120  2,616  2,478 
Trade receivables, net of allowances 2,045  2,321  1,973  1,959  2,049  2,010  2,129  2,032  1,950  1,044  921  938  913  886  769  855  1,114  939  871  1,613  795  818 
Short-term Activity Ratio
Receivables turnover1 12.43 10.85 12.66 12.93 12.51 12.90 12.34 12.92 13.43 25.07 28.48 27.94 28.66 29.66 34.44 31.29 23.88 23.89 21.05 — — —
Benchmarks
Receivables Turnover, Competitors2
Mondelēz International Inc. 13.08 9.91 11.69 10.32 11.78 9.25 11.47 9.56 10.92 8.43 9.62 8.62 10.67 8.53 9.93 8.78 9.65 9.14 11.25 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Receivables turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Trade receivables, net of allowances
= (6,648 + 6,157 + 6,536 + 6,076) ÷ 2,045 = 12.43

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. Kraft Heinz Co.’s receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Payables Turnover

Kraft Heinz Co., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Cost of products sold 4,196  4,299  4,429  4,129  4,324  3,948  4,675  4,289  4,343  4,040  4,470  4,000  3,996  4,063  4,398  4,049  4,262  4,192  4,720  4,492  1,734  1,631 
Trade payables 3,880  3,956  4,003  4,156  4,153  4,184  4,153  4,312  4,326  4,241  4,449  3,947  3,888  3,936  3,996  3,456  2,960  2,773  2,844  2,719  1,509  1,499 
Short-term Activity Ratio
Payables turnover1 4.40 4.34 4.20 4.11 4.15 4.12 4.18 3.98 3.90 3.89 3.72 4.17 4.25 4.26 4.23 4.98 5.97 5.46 4.42 — — —
Benchmarks
Payables Turnover, Competitors2
Mondelēz International Inc. 2.90 2.85 2.65 2.93 2.94 2.81 2.69 2.91 3.00 2.77 2.77 3.06 3.12 3.22 2.97 3.31 3.60 3.60 3.71 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Payables turnover = (Cost of products soldQ2 2020 + Cost of products soldQ1 2020 + Cost of products soldQ4 2019 + Cost of products soldQ3 2019) ÷ Trade payables
= (4,196 + 4,299 + 4,429 + 4,129) ÷ 3,880 = 4.40

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. Kraft Heinz Co.’s payables turnover ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Working Capital Turnover

Kraft Heinz Co., working capital turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data (US$ in millions)
Current assets 8,776  11,708  8,097  9,125  9,168  8,835  9,075  7,590  9,501  7,437  7,266  7,228  7,108  8,875  8,753  8,943  9,347  9,812  9,780  10,411  4,589  4,477 
Less: Current liabilities 8,050  7,934  7,875  9,112  7,797  7,972  7,503  7,581  9,091  10,329  10,132  9,387  7,356  9,383  9,501  9,414  9,593  6,730  6,932  5,746  2,653  2,532 
Working capital 726  3,774  222  13  1,371  863  1,572  9  410  (2,892) (2,866) (2,159) (248) (508) (748) (471) (246) 3,082  2,848  4,665  1,936  1,945 
 
Net sales 6,648  6,157  6,536  6,076  6,406  5,959  6,891  6,383  6,690  6,304  6,877  6,314  6,677  6,364  6,857  6,267  6,793  6,570  7,124  6,120  2,616  2,478 
Short-term Activity Ratio
Working capital turnover1 35.01 6.67 112.51 1,948.62 18.70 30.04 16.71 2,917.11 63.87 — — — — — — — — 7.28 6.44 — — —
Benchmarks
Working Capital Turnover, Competitors2
Mondelēz International Inc. — — — — — — — — — — — — — — — — — — — — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Working capital turnover = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ Working capital
= (6,648 + 6,157 + 6,536 + 6,076) ÷ 726 = 35.01

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Kraft Heinz Co.’s working capital turnover ratio deteriorated from Q4 2019 to Q1 2020 but then slightly improved from Q1 2020 to Q2 2020.

Average Inventory Processing Period

Kraft Heinz Co., average inventory processing period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data
Inventory turnover 6.06 6.07 6.19 5.41 5.61 5.53 6.50 5.22 5.33 5.25 5.87 5.16 5.39 5.32 6.30 5.54 6.13 5.23 4.80 — — —
Short-term Activity Ratio (no. days)
Average inventory processing period1 60 60 59 68 65 66 56 70 68 70 62 71 68 69 58 66 60 70 76 — — —
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Mondelēz International Inc. 62 56 60 64 64 61 61 66 62 60 59 65 63 60 57 63 60 58 53 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.06 = 60

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

Kraft Heinz Co., average receivable collection period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data
Receivables turnover 12.43 10.85 12.66 12.93 12.51 12.90 12.34 12.92 13.43 25.07 28.48 27.94 28.66 29.66 34.44 31.29 23.88 23.89 21.05 — — —
Short-term Activity Ratio (no. days)
Average receivable collection period1 29 34 29 28 29 28 30 28 27 15 13 13 13 12 11 12 15 15 17 — — —
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Mondelēz International Inc. 28 37 31 35 31 39 32 38 33 43 38 42 34 43 37 42 38 40 32 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.43 = 29

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.

Operating Cycle

Kraft Heinz Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data
Average inventory processing period 60 60 59 68 65 66 56 70 68 70 62 71 68 69 58 66 60 70 76 — — —
Average receivable collection period 29 34 29 28 29 28 30 28 27 15 13 13 13 12 11 12 15 15 17 — — —
Short-term Activity Ratio
Operating cycle1 89 94 88 96 94 94 86 98 95 85 75 84 81 81 69 78 75 85 93 — — —
Benchmarks
Operating Cycle, Competitors2
Mondelēz International Inc. 90 93 91 99 95 100 93 104 95 103 97 107 97 103 94 105 98 98 85 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 60 + 29 = 89

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. Kraft Heinz Co.’s operating cycle deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Average Payables Payment Period

Kraft Heinz Co., average payables payment period calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data
Payables turnover 4.40 4.34 4.20 4.11 4.15 4.12 4.18 3.98 3.90 3.89 3.72 4.17 4.25 4.26 4.23 4.98 5.97 5.46 4.42 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 83 84 87 89 88 89 87 92 94 94 98 88 86 86 86 73 61 67 83 — — —
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Mondelēz International Inc. 126 128 138 125 124 130 136 125 121 132 132 119 117 113 123 110 101 101 98 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.40 = 83

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. Kraft Heinz Co.’s number of days of payables outstanding decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Cash Conversion Cycle

Kraft Heinz Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Selected Financial Data
Average inventory processing period 60 60 59 68 65 66 56 70 68 70 62 71 68 69 58 66 60 70 76 — — —
Average receivable collection period 29 34 29 28 29 28 30 28 27 15 13 13 13 12 11 12 15 15 17 — — —
Average payables payment period 83 84 87 89 88 89 87 92 94 94 98 88 86 86 86 73 61 67 83 — — —
Short-term Activity Ratio
Cash conversion cycle1 6 10 1 7 6 5 -1 6 1 -9 -23 -4 -5 -5 -17 5 14 18 10 — — —
Benchmarks
Cash Conversion Cycle, Competitors2
Mondelēz International Inc. -36 -35 -47 -26 -29 -30 -43 -21 -26 -29 -35 -12 -20 -10 -29 -5 -3 -3 -13 — — —

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-14), 10-Q (filing date: 2019-10-31), 10-Q (filing date: 2019-08-13), 10-Q (filing date: 2019-08-13), 10-K (filing date: 2019-06-07), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-03), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-16), 10-Q (filing date: 2017-11-07), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-05), 10-K (filing date: 2016-03-03), 10-Q (filing date: 2015-11-06), 10-Q (filing date: 2015-08-10), S-4/A (filing date: 2015-05-18).

1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 60 + 29 – 83 = 6

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. Kraft Heinz Co.’s cash conversion cycle deteriorated from Q4 2019 to Q1 2020 but then slightly improved from Q1 2020 to Q2 2020.