Coca-Cola Consolidated Inc. (COKE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,435,600 | 1,115,390 | 711,786 | 512,990 | 346,952 |
| ROE | 28.45% | 38.57% | 26.63% | 33.63% | 3.28% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $408,375K ÷ $1,435,600K
= 28.45%
The return on equity (ROE) for Coca-Cola Consolidated Inc has shown variability over the past five years. In 2023, the ROE was 28.45%, representing a decrease from the previous year's 38.57%. Despite this decrease, the current ROE is still higher than the levels seen in 2021 and 2020 which were 26.63% and 33.63%, respectively. The most significant improvement was observed from 2019 to 2020, where the ROE increased substantially from 3.28% to 33.63%.
Overall, the ROE trend for Coca-Cola Consolidated Inc indicates some degree of fluctuation but has generally shown an upward trajectory over the past five years. However, the recent decrease in ROE from 2022 to 2023 may warrant further analysis to understand the factors influencing this change and assess the company's performance and profitability.
Peer comparison
Dec 31, 2023