Coca-Cola Consolidated Inc. (COKE)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,899,720 | 6,784,180 | 6,730,960 | 6,673,850 | 6,653,860 | 6,595,700 | 6,511,860 | 6,368,250 | 6,200,970 | 6,030,510 | 5,859,350 | 5,697,220 | 5,562,720 | 5,439,020 | 5,310,070 | 5,104,200 | 5,007,360 | 4,907,670 | 4,850,220 | 4,896,660 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 1,333,670 | 1,176,340 | 1,310,330 | 1,183,730 | 1,230,760 | 1,225,880 | — | 1,234,780 | 1,215,360 | 1,218,860 | 1,219,100 | 1,022,720 | 1,186,050 | 985,178 | 984,769 |
| Fixed asset turnover | — | — | — | — | — | 4.95 | 5.54 | 4.86 | 5.24 | 4.90 | 4.78 | — | 4.51 | 4.48 | 4.36 | 4.19 | 4.90 | 4.14 | 4.92 | 4.97 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,899,720K ÷ $—K
= —
The fixed asset turnover ratio indicates how efficiently a company is generating revenue from its investment in fixed assets.
Analyzing Coca-Cola Consolidated Inc.'s fixed asset turnover data from March 31, 2020, to December 31, 2024, we observe a general upward trend in the ratio, starting at 4.97 in March 2020 and reaching 5.24 by December 2022. This indicates that the company was able to generate more sales relative to its investment in fixed assets during this period.
However, there are fluctuations in the ratio over the quarters, with slight decreases and increases noted. For example, there was a dip in the ratio to 4.14 in September 2020, followed by an increase to 4.90 by December 2020. This variability suggests potential changes in the company's operational efficiency or sales performance during those periods.
From a strategic perspective, the trend of increasing fixed asset turnover is generally considered favorable, as it implies improved asset utilization and operational efficiency. It indicates that Coca-Cola Consolidated Inc. is effectively employing its fixed assets to generate revenue and support its business activities.
In conclusion, the overall trend of increasing fixed asset turnover for Coca-Cola Consolidated Inc. reflects positively on the company's operational efficiency and ability to generate sales from its fixed asset base.
Peer comparison
Dec 31, 2024