Coca-Cola Consolidated Inc. (COKE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,435,600 | 1,524,330 | 1,379,710 | 1,234,250 | 1,115,390 | 1,018,910 | 901,680 | 803,647 | 711,786 | 680,140 | 612,502 | 565,342 | 512,990 | 448,238 | 397,418 | 359,220 | 346,952 | 378,849 | 367,991 | 354,371 |
| ROE | 28.45% | 29.59% | 34.62% | 36.86% | 38.57% | 32.47% | 31.16% | 28.57% | 26.63% | 34.82% | 35.89% | 37.36% | 33.63% | 21.40% | 14.36% | 9.15% | 3.28% | -1.43% | 1.83% | -3.55% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $408,375K ÷ $1,435,600K
= 28.45%
The Return on Equity (ROE) of Coca-Cola Consolidated Inc has exhibited a fluctuating trend over the past eight quarters, ranging from a high of 38.57% in Q4 2022 to a low of 28.45% in Q4 2023. The firm's ROE has generally been healthy, surpassing 30% in five out of the eight quarters analyzed. This indicates that the company has been effective in generating profits from the shareholder's equity invested in the business. It is important to note the decreasing trend in ROE from the earlier quarters of 2022 towards the end of 2023, which could be a point of concern that requires further investigation to understand the underlying factors. Overall, Coca-Cola Consolidated Inc's ROE demonstrates the ability of the company to efficiently utilize its equity capital to generate returns for its shareholders.
Peer comparison
Dec 31, 2023