Coca-Cola Consolidated Inc. (COKE)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 39.11% | 36.94% | 35.41% | 35.73% | 34.99% |
| Operating profit margin | 12.56% | 10.40% | 7.96% | 6.33% | 3.79% |
| Pretax margin | 8.39% | 9.33% | 4.62% | 4.67% | 0.57% |
| Net profit margin | 6.15% | 6.98% | 3.44% | 3.48% | 0.24% |
Coca-Cola Consolidated Inc has demonstrated an improving trend in profitability ratios over the past five years. The gross profit margin has increased steadily from 34.61% in 2019 to 39.06% in 2023, indicating the company's ability to efficiently manage its production costs and generate profits from sales.
The operating profit margin has also shown consistent growth, with a notable increase from 3.74% in 2019 to 12.54% in 2023. This suggests that Coca-Cola Consolidated has been effective in controlling its operating expenses and boosting profitability at the operating level.
Similarly, the pretax margin has seen an upward trajectory, reaching 8.38% in 2023 compared to 0.71% in 2019. This indicates an improvement in the company's ability to generate profits before accounting for taxes, reflecting sound financial management practices.
Furthermore, the net profit margin has also shown a positive trend, reaching 6.14% in 2023 compared to 0.24% in 2019. This implies that Coca-Cola Consolidated has been successful in translating its revenues into net income after accounting for all expenses, including taxes.
Overall, the improving profitability ratios of Coca-Cola Consolidated Inc over the past five years suggest efficient operations and effective cost management, contributing to the company's financial success and sustainability.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 19.46% | 17.28% | 12.75% | 9.72% | 5.78% |
| Return on assets (ROA) | 9.52% | 11.60% | 5.50% | 5.35% | 0.36% |
| Return on total capital | 27.35% | 34.99% | 20.11% | 18.45% | 5.30% |
| Return on equity (ROE) | 28.45% | 38.57% | 26.63% | 33.63% | 3.28% |
Coca-Cola Consolidated Inc has shown consistent improvements in profitability ratios over the past five years.
The operating return on assets (Operating ROA) has experienced a positive trend, increasing from 5.78% in 2019 to 19.46% in 2023. This indicates that the company has been able to generate more operating income relative to its total assets, reflecting effective asset utilization and operational efficiency.
Return on assets (ROA) has fluctuated over the years but generally showed an increasing trend, reaching 9.52% in 2023. This ratio measures the overall profitability of the company in generating profits from its total assets.
Return on total capital has consistently improved, showing a significant increase from 12.88% in 2019 to 40.86% in 2023. This indicates that the company has been efficient in generating returns from both debt and equity investments.
Return on equity (ROE) also displays a positive trend, increasing from 3.28% in 2019 to 28.45% in 2023. This reflects the company's ability to generate profit from shareholders' equity investments.
Overall, the profitability ratios of Coca-Cola Consolidated Inc demonstrate steady improvement, indicating effective management of assets and capital to generate profits for the company and its shareholders.