Analysis of Geographic Areas
Mondelēz International Inc. operates in 2 regions: United States and Other.
Area Asset Turnover
Mondelēz International Inc., asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 4.04 | 4.30 | 3.03 | 3.86 | 3.65 |
| Other | 2.68 | 2.62 | 2.36 | 2.45 | 2.24 |
Based on: 10-K (reporting date: 2024-12-31), 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).
The asset turnover ratios for the United States and Other geographic areas display distinct patterns over the five-year period analyzed.
- United States
- The asset turnover ratio starts at 3.65 in 2020 and increases slightly to 3.86 in 2021. It then experiences a decline to 3.03 in 2022, indicating a reduction in the efficiency of asset usage during that year. However, this trend reverses in 2023 with a notable increase to 4.3, representing the highest value within the period. In 2024, there is a slight decrease to 4.04, yet the turnover remains significantly higher than the initial years. Overall, the United States shows a recovery and improvement in asset utilization after a dip in 2022.
- Other
- The asset turnover for the Other regions begins at 2.24 in 2020 and demonstrates a gradual upward trend over the analyzed period. There is a moderate increase to 2.45 in 2021, followed by a small decline to 2.36 in 2022, mirroring the dip seen in the United States region. However, the ratio rebounds, rising to 2.62 in 2023 and continuing to a higher level of 2.68 in 2024. This progression indicates steady improvement in asset efficiency across these regions, albeit at lower levels compared to the United States.
In summary, both geographic areas show a temporary decrease in asset turnover in 2022, with a subsequent recovery and growth through 2024. The United States maintains consistently higher asset turnover ratios compared to the Other regions, suggesting relatively greater efficiency in asset utilization in that market.
Area Asset Turnover: United States
Mondelēz International Inc.; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 9,469) | 9,581) | 8,315) | 7,146) | 7,130) |
| Long-lived assets | 2,346) | 2,226) | 2,740) | 1,851) | 1,956) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.04 | 4.30 | 3.03 | 3.86 | 3.65 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 9,469 ÷ 2,346 = 4.04
- Net Revenues
- Net revenues in the United States geographic area exhibited a generally upward trend from 2020 through 2023, increasing from $7,130 million in 2020 to a peak of $9,581 million in 2023. However, there was a slight decline in 2024, with revenues decreasing to $9,469 million. This suggests robust growth over the initial four-year period followed by a minor downturn in the most recent year.
- Long-lived Assets
- Long-lived assets show a more volatile pattern during the period. After a slight decline from $1,956 million in 2020 to $1,851 million in 2021, there was a significant increase to $2,740 million in 2022. This peak was followed by a reduction to $2,226 million in 2023, with a modest rise again in 2024 to $2,346 million. The data indicates fluctuations likely tied to investment or asset utilization changes in the geographic area.
- Area Asset Turnover Ratio
- The asset turnover ratio, which measures the efficiency of asset utilization to generate revenues, reflected variable performance. It decreased from 3.65 in 2020 to 3.03 in 2022, suggesting reduced efficiency during that interval. This was followed by a sharp improvement in 2023, reaching 4.3, indicating a significant increase in the rate at which assets generated revenues. The ratio slightly decreased to 4.04 in 2024 but remained at a relatively high level compared to earlier years.
- Overall Insights
- The data indicates that net revenues generally improved over the period, with a slight setback in the final year. Long-lived assets investment showed irregular changes, implying periods of asset expansion and possible divestiture or depreciation. The fluctuations in asset turnover imply that operational efficiency was challenged in the early years but improved markedly after 2022, culminating in a stronger asset revenue generation in 2023 and 2024. The slight declines in revenue and asset turnover in 2024 suggest a need for monitoring to determine if these trends persist.
Area Asset Turnover: Other
Mondelēz International Inc.; Other; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenues | 26,972) | 26,435) | 23,181) | 21,574) | 19,451) |
| Long-lived assets | 10,076) | 10,080) | 9,818) | 8,800) | 8,672) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.68 | 2.62 | 2.36 | 2.45 | 2.24 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Net revenues ÷ Long-lived assets
= 26,972 ÷ 10,076 = 2.68
- Net Revenues
- Net revenues exhibit a consistent upward trend over the five-year period. Starting at 19,451 million US dollars at the end of 2020, revenues increased each year, reaching 26,972 million US dollars by the end of 2024. This reflects a total growth of approximately 38.7% over the timeframe, indicating steady expansion in the "Other" geographic area.
- Long-Lived Assets
- Long-lived assets also show growth, rising from 8,672 million US dollars in 2020 to a peak of 10,080 million in 2023, before experiencing a slight decrease to 10,076 million in 2024. Overall, the asset base increased by about 16.2% over the five years, with most growth occurring between 2021 and 2023, indicating investment in the asset base aligned with revenue increases.
- Area Asset Turnover Ratio
- The area asset turnover ratio demonstrates fluctuations but follows an overall positive trajectory. Starting at 2.24 in 2020, it increased to 2.45 in 2021, dipped slightly to 2.36 in 2022, then rose again to 2.62 in 2023 and 2.68 in 2024. This ratio indicates improving efficiency in generating revenue from assets, with a noticeable recovery and enhancement in asset utilization in the latter years.
- Summary of Trends
- The data reveals consistent growth in net revenues supported by incremental investments in long-lived assets. The slight dip in asset turnover ratio in 2022 suggests a temporary decrease in asset efficiency, but the subsequent recovery highlights improved operational performance. The stability in long-lived assets from 2023 to 2024, coupled with continued revenue growth and rising asset turnover, points to enhanced asset management and potentially stronger returns from existing investments.
Net revenues
Mondelēz International Inc., net revenues by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 9,469) | 9,581) | 8,315) | 7,146) | 7,130) |
| Other | 26,972) | 26,435) | 23,181) | 21,574) | 19,451) |
| Total | 36,441) | 36,016) | 31,496) | 28,720) | 26,581) |
Based on: 10-K (reporting date: 2024-12-31), 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).
- United States Net Revenues
- The net revenues in the United States demonstrated a steady increase from 7,130 million US dollars in 2020 to 9,581 million US dollars in 2023. However, there was a slight decline observed in 2024 with revenues decreasing to 9,469 million US dollars. Despite this minor downturn, the overall trend over the five-year period is positive, reflecting growth in this geographic segment.
- Other Geographic Areas Net Revenues
- Net revenues from other geographic areas showed a consistent and robust upward trend throughout the entire period. Starting at 19,451 million US dollars in 2020, these revenues increased every year to reach 26,972 million US dollars in 2024. This represents a cumulative increase of approximately 38.7%, indicating strong performance and expansion in these markets.
- Total Net Revenues
- The total net revenues, combining both the United States and other geographic areas, rose steadily from 26,581 million US dollars in 2020 to 36,441 million US dollars in 2024. The growth was consistent each year, with the most substantial increases observed between 2022 and 2023. The total revenue growth reflects overall positive momentum, driven primarily by the strong increase in revenues from regions outside the United States.
- Summary of Trends
- Overall, the data indicates that while the United States market showed steady growth initially with a slight decline in the final year, the other international markets consistently expanded, contributing significantly to the total net revenue growth. The consistent increase in revenues from other areas likely underscores successful strategies in international markets and diversification of revenue streams. The slight decrease in the United States segment in 2024 might merit further analysis to understand underlying factors.
Long-lived assets
Mondelēz International Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 2,346) | 2,226) | 2,740) | 1,851) | 1,956) |
| Other | 10,076) | 10,080) | 9,818) | 8,800) | 8,672) |
| Total | 12,422) | 12,306) | 12,558) | 10,651) | 10,628) |
Based on: 10-K (reporting date: 2024-12-31), 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).
- United States Long-Lived Assets
- The value of long-lived assets in the United States displayed a fluctuating trend over the five-year period. Beginning at 1,956 million US dollars in 2020, there was a slight decline to 1,851 million in 2021. This was followed by a notable increase to 2,740 million in 2022. However, the value then decreased to 2,226 million in 2023 before modestly increasing again to 2,346 million in 2024. Overall, the figures reveal variability but with a net increase from 2020 to 2024.
- Other Geographic Areas Long-Lived Assets
- The long-lived assets attributed to other regions showed a generally upward trend throughout the period. Starting at 8,672 million US dollars in 2020, the figures grew steadily each year with values of 8,800 million in 2021, 9,818 million in 2022, reaching 10,080 million in 2023, and slightly decreasing to 10,076 million in 2024. Despite the minor dip in the final year, the overall trend indicates growth in assets held outside the United States.
- Total Long-Lived Assets
- The total long-lived assets demonstrated a gradual increase from 10,628 million US dollars in 2020 to 12,422 million in 2024. There was a slight rise to 10,651 million in 2021, followed by a more marked increase to 12,558 million in 2022. A minor decrease occurred in 2023, with totals falling to 12,306 million, but this was followed by a small recovery in 2024. The total figures reflect the combined effect of the varying trends in the United States and other geographic areas, showing overall asset growth over the observed period.