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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Keurig Dr Pepper's annualized Net Income for the quarter that ended in Mar. 2024 was $1,816 Mil. Keurig Dr Pepper's average total tangible assets for the quarter that ended in Mar. 2024 was $8,757 Mil. Therefore, Keurig Dr Pepper's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 was 20.74%.
The historical rank and industry rank for Keurig Dr Pepper's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, Keurig Dr Pepper's highest Return-on-Tangible-Asset was 35.22%. The lowest was 15.38%. And the median was 25.00%.
The historical data trend for Keurig Dr Pepper's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Keurig Dr Pepper Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 24.66 | 24.41 | 35.22 | 18.97 | 25.33 |
Keurig Dr Pepper Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 22.17 | 24.34 | 24.84 | 32.50 | 20.74 |
For the Beverages - Non-Alcoholic subindustry, Keurig Dr Pepper's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Keurig Dr Pepper's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Keurig Dr Pepper's Return-on-Tangible-Asset falls into.
Keurig Dr Pepper's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 2181 | / | ( (8582 | + | 8641) | / 2 ) | |
= | 2181 | / | 8611.5 | ||||
= | 25.33 % |
Keurig Dr Pepper's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2024 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Mar. 2024 ) | (Q: Dec. 2023 ) | (Q: Mar. 2024 ) | |||||
= | 1816 | / | ( (8641 | + | 8872) | / 2 ) | |
= | 1816 | / | 8756.5 | ||||
= | 20.74 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2024) net income data.
Keurig Dr Pepper (NAS:KDP) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of Keurig Dr Pepper's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Andrew Archambault | officer: President, Commercial | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Timothy P. Cofer | officer: Chief Operating Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Karin Rotem-wildeman | officer: Chief R&D Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Robert S Singer | director | 6301 FITCH PATH, NEW ALBANY OH 43054 |
Anthony Shoemaker | officer: Chief Legal Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Maria A. Sceppaguercio-gever | officer: Chief Corp. Affairs Officer | 53 SOUTH AVENUE, BURLINGTON MA 01803 |
Roger Frederick Johnson | officer: Chief Supply Chain Officer | 53 SOUTH AVENUE, BURLINGTON MA 01803 |
Sudhanshu Shekhar Priyadarshi | officer: Chief Financial Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Mondelez International, Inc. | director | 905 WEST FULTON MARKET, SUITE 200, CHICAGO IL 60607 |
Robert James Gamgort | director, officer: CEO & President | KEURIG DR PEPPER INC., 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Larry D Young | director, officer: President & CEO | 5301 LEGACY DRIVE, PLANO TX 75024 |
Oray Boston | director | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Maurice Anthony Milikin | officer: Chief Supply Chain Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Georgios Lagoudakis | officer: Interim CFO | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
Justin Whitmore | officer: Chief Strategy Officer | 6425 HALL OF FAME LANE, FRISCO TX 75034 |
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