Coca-Cola Consolidated Inc. (COKE)
Total 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 |
| Total assets | US$ in thousands | 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 | 3,126,930 | 3,118,720 | 3,132,150 | 3,075,690 |
| Total asset turnover | 1.55 | 1.59 | 1.62 | 1.67 | 1.66 | 1.67 | 1.63 | 1.65 | 1.60 | 1.58 | 1.61 | 1.54 | 1.54 | 1.47 | 1.51 | 1.52 | 1.53 | 1.52 | 1.50 | 1.51 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,651,060K ÷ $4,288,940K
= 1.55
Total asset turnover measures how efficiently a company generates revenue from its total assets. Coca-Cola Consolidated Inc's total asset turnover has been fluctuating between 1.55 and 1.68 over the past eight quarters. The downward trend from Q1 2023 to Q4 2023 indicates a decrease in the company's ability to generate revenue from its assets during this period. However, the ratio remains relatively stable within a narrow range, suggesting consistent performance in converting assets into sales. Further analysis of the company's operational efficiency and asset management practices is recommended to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023