Analysis of Geographic Areas
PepsiCo Inc. operates in 7 regions: United States; Mexico; Russia; Canada; China; United Kingdom; and South Africa.
Area Asset Turnover
PepsiCo Inc., asset turnover by geographic area
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| United States | 1.29 | 1.23 | 1.11 | 1.26 | 1.27 |
| Mexico | 2.83 | 2.66 | 2.30 | 2.52 | 2.76 |
| Russia | 1.62 | 0.91 | 0.83 | 0.76 | 0.81 |
| Canada | 1.32 | 1.20 | 1.07 | 1.05 | 1.07 |
| China | 1.81 | 1.54 | 1.05 | 1.84 | 2.29 |
| United Kingdom | 2.18 | 2.32 | 2.15 | 2.08 | 2.30 |
| South Africa | 1.38 | 1.45 | 0.86 | 2.96 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Mexico | Mexico area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Russia | Russia area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Canada | Canada area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| China | China area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| United Kingdom | United Kingdom area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. | |
| South Africa | South Africa area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Area Asset Turnover: United States
PepsiCo Inc.; United States; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 49,390) | 44,545) | 40,800) | 38,644) | 37,148) |
| Long-lived assets | 38,240) | 36,324) | 36,657) | 30,601) | 29,169) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.29 | 1.23 | 1.11 | 1.26 | 1.27 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 49,390 ÷ 38,240 = 1.29
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Mexico
PepsiCo Inc.; Mexico; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 5,472) | 4,580) | 3,924) | 4,190) | 3,878) |
| Long-lived assets | 1,933) | 1,720) | 1,708) | 1,666) | 1,404) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.83 | 2.66 | 2.30 | 2.52 | 2.76 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 5,472 ÷ 1,933 = 2.83
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico | Mexico area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Russia
PepsiCo Inc.; Russia; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 4,118) | 3,426) | 3,009) | 3,263) | 3,191) |
| Long-lived assets | 2,538) | 3,751) | 3,644) | 4,314) | 3,926) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.62 | 0.91 | 0.83 | 0.76 | 0.81 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 4,118 ÷ 2,538 = 1.62
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Russia | Russia area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Canada
PepsiCo Inc.; Canada; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 3,536) | 3,405) | 2,989) | 2,831) | 2,736) |
| Long-lived assets | 2,678) | 2,846) | 2,794) | 2,695) | 2,565) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.32 | 1.20 | 1.07 | 1.05 | 1.07 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 3,536 ÷ 2,678 = 1.32
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: China
PepsiCo Inc.; China; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 2,752) | 2,679) | 1,732) | 1,300) | 1,164) |
| Long-lived assets | 1,517) | 1,745) | 1,649) | 705) | 509) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.81 | 1.54 | 1.05 | 1.84 | 2.29 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 2,752 ÷ 1,517 = 1.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: United Kingdom
PepsiCo Inc.; United Kingdom; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 1,844) | 2,102) | 1,882) | 1,723) | 1,743) |
| Long-lived assets | 847) | 906) | 874) | 827) | 759) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.18 | 2.32 | 2.15 | 2.08 | 2.30 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,844 ÷ 847 = 2.18
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level. |
Area Asset Turnover: South Africa
PepsiCo Inc.; South Africa; area asset turnover calculation
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net revenue | 1,837) | 2,008) | 1,282) | 405) | —) |
| Long-lived assets | 1,327) | 1,389) | 1,484) | 137) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.38 | 1.45 | 0.86 | 2.96 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
1 2022 Calculation
Area asset turnover = Net revenue ÷ Long-lived assets
= 1,837 ÷ 1,327 = 1.38
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | South Africa | South Africa area asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
Net revenue
PepsiCo Inc., net revenue by geographic area
US$ in millions
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| United States | 49,390) | 44,545) | 40,800) | 38,644) | 37,148) |
| Mexico | 5,472) | 4,580) | 3,924) | 4,190) | 3,878) |
| Russia | 4,118) | 3,426) | 3,009) | 3,263) | 3,191) |
| Canada | 3,536) | 3,405) | 2,989) | 2,831) | 2,736) |
| China | 2,752) | 2,679) | 1,732) | 1,300) | 1,164) |
| United Kingdom | 1,844) | 2,102) | 1,882) | 1,723) | 1,743) |
| South Africa | 1,837) | 2,008) | 1,282) | 405) | —) |
| All other countries | 17,443) | 16,729) | 14,754) | 14,805) | 14,801) |
| Total | 86,392) | 79,474) | 70,372) | 67,161) | 64,661) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).
Long-lived assets
PepsiCo Inc., long-lived assets by geographic area
US$ in millions
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | Dec 29, 2018 | |
|---|---|---|---|---|---|
| United States | 38,240) | 36,324) | 36,657) | 30,601) | 29,169) |
| Mexico | 1,933) | 1,720) | 1,708) | 1,666) | 1,404) |
| Russia | 2,538) | 3,751) | 3,644) | 4,314) | 3,926) |
| Canada | 2,678) | 2,846) | 2,794) | 2,695) | 2,565) |
| China | 1,517) | 1,745) | 1,649) | 705) | 509) |
| United Kingdom | 847) | 906) | 874) | 827) | 759) |
| South Africa | 1,327) | 1,389) | 1,484) | 137) | —) |
| All other countries | 12,885) | 13,399) | 13,423) | 12,587) | 12,299) |
| Total | 61,965) | 62,080) | 62,233) | 53,532) | 50,631) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29).