Coca-Cola Consolidated Inc. (COKE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 920,350 | 834,451 | 641,047 | 288,598 | 313,378 |
| Total assets | US$ in thousands | 5,313,140 | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 |
| Operating ROA | 17.32% | 19.46% | 17.28% | 8.38% | 9.72% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $920,350K ÷ $5,313,140K
= 17.32%
Over the five-year period from December 31, 2020, to December 31, 2024, Coca-Cola Consolidated Inc.'s operating return on assets (ROA) has shown some fluctuations. The trend indicates that the company's ability to generate operating income from its assets improved significantly from 2020 to 2024, with a noteworthy increase from 8.38% in 2021 to 19.46% in 2023, which was the peak. This may suggest improved operational efficiency and effectiveness in utilizing its assets to generate operating profits.
However, it is important to note that there was a slight decrease in operating ROA from 19.46% in 2023 to 17.32% in 2024. This could be a signal that the company may need to focus on maintaining or enhancing its operational performance to sustain or further improve its profitability levels in the future. Overall, the consistent positive operating ROA figures indicate that Coca-Cola Consolidated Inc. has been efficient in generating operating income relative to its asset base over the analyzed period.
Peer comparison
Dec 31, 2024