Coca-Cola Consolidated Inc. (COKE)
Total 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 |
| Total assets | US$ in thousands | 5,313,140 | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 |
| Total asset turnover | 1.30 | 1.55 | 1.67 | 1.61 | 1.55 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,899,720K ÷ $5,313,140K
= 1.30
Coca-Cola Consolidated Inc.'s total asset turnover has shown a fluctuating trend over the past five years. The ratio stood at 1.55 on December 31, 2020, increased to 1.61 by December 31, 2021, further improved to 1.67 by December 31, 2022, but then decreased to 1.55 by December 31, 2023, and notably dropped to 1.30 by December 31, 2024. The total asset turnover indicates how effectively the company is utilizing its assets to generate revenue. The varying levels of this ratio imply shifts in the efficiency of the company's asset utilization during the respective periods. Further analysis could reveal the reasons behind the fluctuations and help in assessing the overall operational efficiency and financial health of Coca-Cola Consolidated Inc.
Peer comparison
Dec 31, 2024