Coca-Cola Consolidated Inc. (COKE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 834,451 | 641,047 | 439,171 | 313,378 | 180,754 |
| Revenue | US$ in thousands | 6,644,960 | 6,166,200 | 5,518,710 | 4,951,170 | 4,774,060 |
| Operating profit margin | 12.56% | 10.40% | 7.96% | 6.33% | 3.79% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $834,451K ÷ $6,644,960K
= 12.56%
The operating profit margin of Coca-Cola Consolidated Inc has shown a consistent improvement over the past five years, which indicates the company's ability to manage its operating expenses effectively. From 2019 to 2023, the operating profit margin has increased steadily from 3.74% to 12.54%. This upward trend reflects the company's efficient cost management, increasing revenue, or both. By enhancing its operating profit margin, Coca-Cola Consolidated Inc demonstrates its ability to generate more profit from its core operations for each dollar of sales, which is a positive sign for its financial health and efficiency.
Peer comparison
Dec 31, 2023