Coca-Cola Consolidated Inc. (COKE)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 408,375 | 450,984 | 477,652 | 454,895 | 430,158 | 330,820 | 280,989 | 229,607 | 189,580 | 236,851 | 219,805 | 211,194 | 172,493 | 95,945 | 57,067 | 32,868 | 11,375 | -5,431 | 6,727 | -12,576 |
| 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 |
| Net profit margin | 6.14% | 6.85% | 7.36% | 7.18% | 6.97% | 5.52% | 4.82% | 4.06% | 3.43% | 4.38% | 4.16% | 4.16% | 3.47% | 1.97% | 1.18% | 0.68% | 0.24% | -0.11% | 0.14% | -0.27% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $408,375K ÷ $6,651,060K
= 6.14%
Based on the data provided, Coca-Cola Consolidated Inc's net profit margin has shown a generally positive trend over the past eight quarters. The net profit margin has increased from 4.03% in Q1 2022 to 7.14% in Q1 2023, representing significant improvement in profitability.
There was a slight decrease in the net profit margin in Q2 2023 compared to the previous quarter, but it remained relatively high at 7.34%. The margin then decreased further to 6.84% in Q3 2023 and 6.14% in Q4 2023.
Overall, the company has maintained a healthy level of profitability, with the most recent net profit margin of 6.14% in Q4 2023 being higher than the margins reported in the same quarter of the previous year (6.94% in Q4 2022).
However, the downward trend in the last two quarters suggests that Coca-Cola Consolidated Inc may need to closely monitor its expenses and revenue to sustain or improve its profitability in the future.
Peer comparison
Dec 31, 2023