Coca-Cola Consolidated Inc. (COKE)
Total 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 |
| Total assets | US$ in thousands | 5,313,140 | 5,272,720 | 5,656,070 | 4,297,090 | 4,288,940 | 4,141,280 | 3,994,540 | 3,799,700 | 3,709,540 | 3,597,280 | 3,581,670 | 3,425,930 | 3,445,570 | 3,419,940 | 3,282,300 | 3,284,830 | 3,222,450 | 3,312,890 | 3,184,580 | 3,195,740 |
| Total asset turnover | 1.30 | 1.29 | 1.19 | 1.55 | 1.55 | 1.59 | 1.63 | 1.68 | 1.67 | 1.68 | 1.64 | 1.66 | 1.61 | 1.59 | 1.62 | 1.55 | 1.55 | 1.48 | 1.52 | 1.53 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,899,720K ÷ $5,313,140K
= 1.30
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. For Coca-Cola Consolidated Inc., the total asset turnover has shown fluctuations over the past few years. The ratio decreased from 1.53 in March 2020 to 1.48 in September 2020, indicating a slight decline in asset efficiency during that period. However, it improved to 1.68 by September 2022, showing an increasing trend in asset utilization efficiency.
There was a noticeable drop in the total asset turnover ratio to 1.19 in June 2024, suggesting a significant decrease in the company's ability to generate revenue relative to its asset base. This could be a cause for concern as it may indicate inefficiencies in utilizing assets to drive sales. It is important for stakeholders to monitor this ratio closely to ensure that the company is effectively managing and maximizing its asset utilization for sustainable growth and profitability.
Peer comparison
Dec 31, 2024