Coca-Cola Consolidated Inc. (COKE)
Return on total capital
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 858,502 | 721,655 | 599,879 | 288,598 | 277,775 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,417,610 | 1,435,600 | 1,115,390 | 711,786 | 512,990 |
| Return on total capital | 60.56% | 50.27% | 53.78% | 40.55% | 54.15% |
December 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $858,502K ÷ ($—K + $1,417,610K)
= 60.56%
Coca-Cola Consolidated Inc.'s return on total capital has shown variability over the past five years. As of December 31, 2020, the company achieved a significant return on total capital of 54.15%, which decreased to 40.55% by December 31, 2021. However, in the subsequent years, the return on total capital rebounded, reaching 53.78% by December 31, 2022, 50.27% by December 31, 2023, and peaking at 60.56% by December 31, 2024. This upward trend indicates an improvement in the company's efficiency in generating returns from its total capital investments. Overall, Coca-Cola Consolidated Inc. has demonstrated a strong ability to utilize its capital effectively to generate returns for its investors.
Peer comparison
Dec 31, 2024