Coca-Cola Consolidated Inc. (COKE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 633,125 | 530,013 | 506,482 | 455,989 | 408,375 | 450,984 | 477,652 | 454,895 | 430,158 | 330,820 | 280,989 | 229,607 | 189,580 | 236,851 | 219,805 | 211,194 | 172,493 | 95,945 | 57,067 | 32,868 |
| 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 |
| ROA | 11.92% | 10.05% | 8.95% | 10.61% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $633,125K ÷ $5,313,140K
= 11.92%
Return on assets (ROA) is an important financial metric that indicates a company's efficiency in generating profit from its assets. For Coca-Cola Consolidated Inc., the ROA has shown a fluctuating trend over the quarters from March 2020 to December 2024.
The ROA started at a relatively low level of 1.03% in March 2020, but gradually increased to 11.92% by December 2024. This increase suggests that the company has been able to improve its profitability in relation to its total assets over the years.
The highest ROA recorded was in March 2024 at 11.97%, indicating a strong performance in utilizing its assets to generate profit. However, there was a slight dip in the ROA in the following quarter (June 2024) to 11.96%, which may be a point of concern for investors and stakeholders.
Overall, the increasing trend of ROA for Coca-Cola Consolidated Inc. indicates improved efficiency and effectiveness in utilizing its assets to generate profits, which is a positive sign for the company's financial health and performance.
Peer comparison
Dec 31, 2024