Coca-Cola Consolidated Inc. (COKE)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 11,375 | -5,431 | 6,727 | -12,576 |
| Total assets | US$ in thousands | 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 | 3,126,930 | 3,118,720 | 3,132,150 | 3,075,690 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $408,375K ÷ $4,288,940K
= 9.52%
To analyze Coca-Cola Consolidated Inc's return on assets (ROA) over the past eight quarters, we observe fluctuations in its performance. The ROA has varied between 6.70% and 11.97% during this period.
The ROA peaked at 11.97% in Q1 2023 and Q2 2023, reflecting strong profitability on the assets deployed by the company during these quarters. However, in Q4 2022, the ROA was at 11.60%, slightly lower than the peak but still demonstrating a solid financial performance.
Furthermore, the ROA showed a noticeable improvement from Q3 2022 to Q1 2023, indicating enhanced efficiency in generating profits from its assets. Conversely, the ROA dipped to 6.70% in Q1 2022, which was the lowest point during the observed period, suggesting a relative decline in profitability.
Overall, Coca-Cola Consolidated Inc's ROA performance indicates varying levels of efficiency in generating profits from its assets over the past eight quarters, with some quarters showcasing stronger performance compared to others.
Peer comparison
Dec 31, 2023