Coca-Cola Consolidated Inc. (COKE)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 408,375 | 430,158 | 189,580 | 172,493 | 11,375 |
| Total assets | US$ in thousands | 4,288,940 | 3,709,540 | 3,445,570 | 3,222,450 | 3,126,930 |
| ROA | 9.52% | 11.60% | 5.50% | 5.35% | 0.36% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $408,375K ÷ $4,288,940K
= 9.52%
The return on assets (ROA) of Coca-Cola Consolidated Inc has fluctuated over the past five years. In 2023, the ROA was 9.52%, a decrease from 11.60% in 2022. Despite the decrease, the ROA in 2023 remains relatively strong compared to historical performance. The company experienced a significant improvement in ROA from 2020 to 2021, jumping from 5.35% to 5.50%. The most notable increase in ROA occurred between 2019 and 2020, where the ROA surged from 0.36% to 5.35%. Overall, the ROA trend for Coca-Cola Consolidated Inc shows variability but generally positive performance, indicating efficient utilization of assets to generate profits over the years.
Peer comparison
Dec 31, 2023