Coca-Cola Consolidated Inc. (COKE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 633,125 | 408,375 | 430,158 | 189,580 | 172,493 |
| Total assets | US$ in thousands | 5,313,140 | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 |
| ROA | 11.92% | 9.52% | 11.60% | 5.50% | 5.35% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $633,125K ÷ $5,313,140K
= 11.92%
Coca-Cola Consolidated Inc.'s return on assets (ROA) has shown a positive trend over the years, indicating its ability to generate profits relative to its total assets. In 2020, the ROA was 5.35%, which slightly increased to 5.50% in 2021. There was a significant improvement in 2022, with the ROA reaching 11.60%, reflecting a substantial increase in asset efficiency and profitability. The ROA dipped to 9.52% in 2023 but rebounded strongly to 11.92% in 2024, surpassing the 2022 level.
Overall, the upward trend in ROA suggests that Coca-Cola Consolidated Inc. has been effectively utilizing its assets to generate returns for shareholders. The company's ability to maintain a relatively high ROA indicates efficient management of assets and profitability, which could be attributed to strategic decision-making and operational effectiveness.
Peer comparison
Dec 31, 2024