Coca-Cola Consolidated Inc. (COKE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 834,451 | 828,823 | 802,493 | 716,116 | 641,047 | 555,303 | 502,404 | 475,972 | 439,171 | 445,671 | 412,484 | 374,741 | 313,378 | 259,323 | 209,325 | 193,421 | 180,754 | 154,030 | 144,588 | 97,053 |
| Total assets | US$ in thousands | 4,288,940 | 4,141,280 | 3,994,540 | 3,799,700 | 3,709,540 | 3,597,280 | 3,581,670 | 3,425,930 | 3,445,570 | 3,419,940 | 3,282,300 | 3,284,830 | 3,222,450 | 3,312,890 | 3,184,580 | 3,195,740 | 3,126,930 | 3,118,720 | 3,132,150 | 3,075,690 |
| Operating ROA | 19.46% | 20.01% | 20.09% | 18.85% | 17.28% | 15.44% | 14.03% | 13.89% | 12.75% | 13.03% | 12.57% | 11.41% | 9.72% | 7.83% | 6.57% | 6.05% | 5.78% | 4.94% | 4.62% | 3.16% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $834,451K ÷ $4,288,940K
= 19.46%
To analyze Coca-Cola Consolidated Inc's operating return on assets (Operating ROA), we observe a generally positive trend over the past eight quarters. The Operating ROA has been steadily increasing from 13.89% in Q1 2022 to 20.09% in Q2 2023, indicating an improvement in the company's ability to generate profits from its assets through operations.
This upward trend suggests that Coca-Cola Consolidated Inc is becoming more efficient in utilizing its assets to generate operating income. A higher Operating ROA indicates that the company is able to generate more operating income per dollar of assets employed, which is a positive indicator of operational efficiency and profitability.
Overall, the increasing trend in Operating ROA for Coca-Cola Consolidated Inc signifies improved operational performance and efficiency in utilizing its assets to generate profits over the analyzed quarters.
Peer comparison
Dec 31, 2023