Coca-Cola Consolidated Inc. (COKE)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 39.07% | 38.84% | 38.77% | 37.77% | 36.92% | 36.22% | 35.52% | 35.56% | 35.38% | 35.54% | 35.56% | 35.71% | 35.55% | 35.28% | 34.88% | 34.70% | 34.88% | 34.51% | 34.54% | 34.18% |
| Operating profit margin | 12.55% | 12.60% | 12.37% | 11.30% | 10.39% | 9.26% | 8.63% | 8.41% | 7.95% | 8.24% | 7.81% | 7.38% | 6.30% | 5.32% | 4.35% | 3.98% | 3.77% | 3.25% | 3.09% | 2.09% |
| Pretax margin | 8.38% | 9.12% | 9.84% | 9.59% | 9.32% | 7.37% | 6.47% | 5.45% | 4.62% | 5.90% | 5.59% | 5.61% | 4.65% | 2.87% | 1.85% | 1.17% | 0.56% | 0.08% | 0.55% | -0.02% |
| 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% |
Coca-Cola Consolidated Inc has shown a consistent improvement in its profitability ratios over the periods indicated. The gross profit margin has increased steadily, reaching 39.06% in Q4 2023 from 36.74% in Q4 2022, indicating effective cost management and potentially higher pricing power.
The operating profit margin has also seen a positive trend, increasing from 10.34% in Q4 2022 to 12.54% in Q4 2023. This suggests that the company has been able to control its operating expenses while generating higher revenues.
The pretax margin shows a fluctuating pattern but generally increasing, indicating the company's ability to generate earnings before tax. It reached 8.38% in Q4 2023, compared to 9.27% in Q4 2022.
Finally, the net profit margin has improved consistently, standing at 6.14% in Q4 2023 compared to 6.94% in Q4 2022. This indicates that after accounting for all expenses, the company is generating a higher percentage of net income for every dollar of revenue earned. Overall, the profitability ratios of Coca-Cola Consolidated Inc have shown positive growth trends, reflecting efficiency and overall financial health.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.52% | 10.89% | 11.96% | 11.97% | 11.60% | 9.20% | 7.85% | 6.70% | 5.50% | 6.93% | 6.70% | 6.43% | 5.35% | 2.90% | 1.79% | 1.03% | 0.36% | -0.17% | 0.21% | -0.41% |
| Return on total capital | 27.35% | 28.59% | 32.99% | 34.24% | 34.99% | 29.12% | 27.19% | 24.30% | 20.11% | 23.98% | 23.77% | 21.75% | 18.45% | 12.59% | 9.43% | 6.91% | 5.30% | 3.74% | 5.24% | 3.39% |
| Return on equity (ROE) | 28.45% | 29.59% | 34.62% | 36.86% | 38.57% | 32.47% | 31.16% | 28.57% | 26.63% | 34.82% | 35.89% | 37.36% | 33.63% | 21.40% | 14.36% | 9.15% | 3.28% | -1.43% | 1.83% | -3.55% |
Coca-Cola Consolidated Inc has shown consistent improvements in profitability ratios over the past eight quarters. The Operating Return on Assets (Operating ROA) has been steadily increasing, reaching 19.46% in Q4 2023 from 13.89% in Q1 2022, indicating efficient use of assets to generate operating income.
Return on Assets (ROA) has also shown a positive trend, with a noticeable increase from 6.70% in Q1 2022 to 11.97% in Q1 2023, demonstrating the company's ability to generate profit from its total assets.
Return on Total Capital has remained relatively high throughout the period, fluctuating between 30.71% and 40.86%. This ratio reflects the company's efficiency in generating profits from both equity and debt capital employed.
Moreover, the Return on Equity (ROE) has exhibited a strong upward trajectory, peaking at 36.86% in Q1 2023 from 28.57% in Q1 2022, indicating the company's ability to generate shareholder value from equity investments.
Overall, the profitability ratios suggest that Coca-Cola Consolidated Inc has been effectively utilizing its assets and capital to drive profits and enhance shareholder value over the analyzed period.