Coca-Cola Consolidated Inc. (COKE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 920,220 | 879,938 | 869,143 | 845,002 | 790,528 | 728,191 | 701,861 | 615,484 | 584,338 | 555,303 | 502,404 | 475,972 | 439,171 | 445,671 | 412,484 | 374,741 | 313,378 | 259,323 | 209,325 | 193,421 |
| Total assets | US$ in thousands | 5,313,140 | 5,272,720 | 5,656,070 | 4,297,090 | 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 |
| Operating ROA | 17.32% | 16.69% | 15.37% | 19.66% | 18.43% | 17.58% | 17.57% | 16.20% | 15.75% | 15.44% | 14.03% | 13.89% | 12.75% | 13.03% | 12.57% | 11.41% | 9.72% | 7.83% | 6.57% | 6.05% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $920,220K ÷ $5,313,140K
= 17.32%
Operating return on assets (Operating ROA) is a key financial ratio that measures a company's efficiency in generating profits from its assets used in operations. For Coca-Cola Consolidated Inc., the Operating ROA has shown a generally increasing trend over the analyzed periods from March 31, 2020, to December 31, 2024.
The Operating ROA started at 6.05% in March 2020 and steadily increased to 17.58% by September 30, 2023. This significant improvement indicates that the company was able to enhance its operational efficiency and profitability relative to its assets during this period.
However, there was a slight dip in the Operating ROA in June 30, 2024, where it dropped to 15.37%, which could signal a temporary setback in the company's profitability. This may warrant further analysis to understand the reasons behind this decline and whether it's a one-time occurrence or a potential ongoing issue.
Subsequently, Coca-Cola Consolidated Inc. managed to recover from this dip, with the Operating ROA rebounding to 17.32% by December 31, 2024. This recovery suggests that the company was able to address any potential issues and resume its upward trend in operational efficiency and profitability.
Overall, the increasing trend in Operating ROA for Coca-Cola Consolidated Inc. is a positive indicator of its ability to effectively utilize its assets to generate profits over the analyzed period, albeit with a minor blip in mid-2024.
Peer comparison
Dec 31, 2024