Coca-Cola Consolidated Inc. (COKE)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,598,711 | 2,555,845 | 2,515,402 | 2,394,484 | 2,277,954 | 2,172,174 | 2,068,779 | 2,013,060 | 1,954,187 | 1,923,230 | 1,877,956 | 1,812,317 | 1,768,909 | 1,720,225 | 1,680,011 | 1,686,489 | 1,670,502 | 1,637,958 | 1,618,450 | 1,587,379 |
| 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 |
| Gross profit margin | 39.07% | 38.84% | 38.77% | 37.77% | 36.92% | 36.22% | 35.52% | 35.56% | 35.38% | 35.54% | 35.56% | 35.71% | 35.55% | 35.28% | 34.88% | 34.70% | 34.88% | 34.51% | 34.54% | 34.18% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,598,711K ÷ $6,651,060K
= 39.07%
Coca-Cola Consolidated Inc's gross profit margin has shown a consistent upward trend over the past eight quarters, reflecting improved efficiency in generating profits from its sales. The company's gross profit margin increased from 35.33% in Q1 2022 to 39.06% in Q4 2023, indicating a steady improvement in the profitability of its core operations. This trend suggests that the company has been able to manage its costs effectively, increase pricing power, or improve production efficiency. The upward trajectory of the gross profit margin is a positive indication of the company's financial health and ability to generate profits from its revenue.
Peer comparison
Dec 31, 2023