Coca-Cola Consolidated Inc. (COKE)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 858,502 | 975,552 | 965,176 | 939,706 | 930,354 | 815,740 | 789,366 | 703,106 | 628,081 | 499,344 | 449,407 | 424,604 | 386,669 | 453,887 | 418,497 | 378,066 | 317,631 | 226,557 | 177,540 | 164,098 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,417,610 | 1,284,990 | 1,195,190 | 1,601,190 | 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 |
| Return on total capital | 60.56% | 75.92% | 80.76% | 58.69% | 64.81% | 53.51% | 57.21% | 56.97% | 56.31% | 49.01% | 49.84% | 52.83% | 54.32% | 66.73% | 68.33% | 66.87% | 61.92% | 50.54% | 44.67% | 45.68% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $858,502K ÷ ($—K + $1,417,610K)
= 60.56%
Coca-Cola Consolidated Inc. has shown a fluctuating trend in its return on total capital over the observed period. The return on total capital was at its highest during the second quarter of 2024, reaching 80.76%, indicating the company generated significant returns relative to its total capital investment. However, this peak was preceded by periods of lower returns, particularly in the first quarter of 2020 and the second quarter of 2022 when the return on total capital dropped to 45.68% and 49.84%, respectively.
Overall, the company's return on total capital has shown a positive trajectory, with periods of notable improvement such as in the fourth quarter of 2020 and the first quarter of 2024, where the return exceeded 60%. It is important to monitor the trend in return on total capital to assess the company's efficiency in utilizing its capital to generate profits and create value for shareholders.
Peer comparison
Dec 31, 2024