Coca-Cola Consolidated Inc. (COKE)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,651,060 | 6,579,910 | 6,488,480 | 6,339,070 | 6,170,570 | 5,996,950 | 5,823,780 | 5,660,430 | 5,522,980 | 5,411,440 | 5,281,550 | 5,074,860 | 4,975,920 | 4,876,230 | 4,816,840 | 4,860,470 | 4,788,840 | 4,746,460 | 4,685,230 | 4,643,570 |
| Property, plant and equipment | US$ in thousands | 1,320,560 | 1,204,840 | 1,176,340 | 1,170,000 | 1,183,730 | 1,082,940 | 1,081,600 | 1,071,730 | 1,030,690 | 1,009,320 | 1,020,290 | 1,021,200 | 1,022,720 | 979,210 | 985,178 | 984,769 | 997,403 | 957,197 | 962,402 | 970,499 |
| Fixed asset turnover | 5.04 | 5.46 | 5.52 | 5.42 | 5.21 | 5.54 | 5.38 | 5.28 | 5.36 | 5.36 | 5.18 | 4.97 | 4.87 | 4.98 | 4.89 | 4.94 | 4.80 | 4.96 | 4.87 | 4.78 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,651,060K ÷ $1,320,560K
= 5.04
Coca-Cola Consolidated Inc's fixed asset turnover has shown a relatively stable performance over the past eight quarters, ranging from 5.02 to 5.53. The general trend indicates that the company has been efficient in generating revenue relative to its investment in fixed assets. The highest fixed asset turnover was observed in Q3 2022 at 5.53, while the lowest was recorded in Q4 2023 at 5.02. Overall, the average fixed asset turnover for the period analyzed stands at approximately 5.33, indicating that for every dollar invested in fixed assets, the company is generating around $5.33 in revenue. This suggests that Coca-Cola Consolidated Inc has been effectively utilizing its fixed assets to drive sales and generate revenue.
Peer comparison
Dec 31, 2023