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

Mondelēz International Inc. (NASDAQ:MDLZ)

Analysis of Long-term (Investment) Activity Ratios

Beginner level

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)

Mondelēz International Inc., long-term (investment) activity ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Net fixed asset turnover 2.94 2.96 3.06 2.98 3.15
Net fixed asset turnover (including operating lease, right-of-use asset) 2.75 2.78 3.06 2.98 3.15
Total asset turnover 0.39 0.40 0.41 0.41 0.42
Equity turnover 0.96 0.95 1.01 0.99 1.03

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Mondelēz International Inc.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Mondelēz International Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Mondelēz International Inc.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Mondelēz International Inc.’s equity turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.

Net Fixed Asset Turnover

Mondelēz International Inc., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net revenues 26,581  25,868  25,938  25,896  25,923 
Property, plant and equipment, net 9,026  8,733  8,482  8,677  8,229 
Long-term Activity Ratio
Net fixed asset turnover1 2.94 2.96 3.06 2.98 3.15
Benchmarks
Net Fixed Asset Turnover, Industry
Consumer Goods 3.86 3.99 4.10 4.14 4.50

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 2020 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 26,581 ÷ 9,026 = 2.94

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Mondelēz International Inc.’s net fixed asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Mondelēz International Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net revenues 26,581  25,868  25,938  25,896  25,923 
 
Property, plant and equipment, net 9,026  8,733  8,482  8,677  8,229 
Operating lease right of use assets 638  568  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 9,664  9,301  8,482  8,677  8,229 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 2.75 2.78 3.06 2.98 3.15
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Goods 3.49 3.77 4.10 4.14 4.50

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 26,581 ÷ 9,664 = 2.75

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Mondelēz International Inc.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2018 to 2019 and from 2019 to 2020.

Total Asset Turnover

Mondelēz International Inc., total asset turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net revenues 26,581  25,868  25,938  25,896  25,923 
Total assets 67,810  64,549  62,729  63,109  61,538 
Long-term Activity Ratio
Total asset turnover1 0.39 0.40 0.41 0.41 0.42
Benchmarks
Total Asset Turnover, Industry
Consumer Goods 0.63 0.69 0.70 0.69 0.72

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 2020 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 26,581 ÷ 67,810 = 0.39

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Mondelēz International Inc.’s total asset turnover ratio deteriorated from 2018 to 2019 and from 2019 to 2020.

Equity Turnover

Mondelēz International Inc., equity turnover calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net revenues 26,581  25,868  25,938  25,896  25,923 
Total Mondelēz International shareholders’ equity 27,578  27,275  25,637  26,111  25,161 
Long-term Activity Ratio
Equity turnover1 0.96 0.95 1.01 0.99 1.03
Benchmarks
Equity Turnover, Industry
Consumer Goods 2.79 3.06 2.99 2.94 2.86

Based on: 10-K (filing date: 2021-02-05), 10-K (filing date: 2020-02-07), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-24).

1 2020 Calculation
Equity turnover = Net revenues ÷ Total Mondelēz International shareholders’ equity
= 26,581 ÷ 27,578 = 0.96

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Mondelēz International Inc.’s equity turnover ratio deteriorated from 2018 to 2019 but then slightly improved from 2019 to 2020.