Coca-Cola Consolidated Inc. (COKE)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,899,720 | 6,653,860 | 6,200,960 | 5,562,710 | 5,007,360 |
| Property, plant and equipment | US$ in thousands | — | — | 1,183,730 | 1,234,780 | 1,022,720 |
| Fixed asset turnover | — | — | 5.24 | 4.51 | 4.90 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,899,720K ÷ $—K
= —
The fixed asset turnover ratio for Coca-Cola Consolidated Inc. has shown a fluctuating trend over the past few years. In 2020, the ratio was 4.90, indicating that the company generated $4.90 in sales for every dollar invested in fixed assets. The ratio decreased slightly to 4.51 in 2021, suggesting a decrease in efficiency in utilizing fixed assets to generate revenue. However, there was a significant improvement in 2022 with a ratio of 5.24, indicating that the company was able to generate more revenue per dollar invested in fixed assets.
It is notable that there is no data available for 2023 and 2024, which makes it challenging to assess the current trend in fixed asset turnover for the company. Overall, the varying levels of fixed asset turnover suggest fluctuations in operational efficiency and management of fixed assets within the company. It would be important for stakeholders to monitor future updates and assess the company's strategies to optimize the utilization of fixed assets for revenue generation.
Peer comparison
Dec 31, 2024