The Coca-Cola Company (KO)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	47,061,000	45,754,000	43,004,000	38,655,000	33,014,000
Property, plant and equipment	US$ in thousands	—	—	9,841,000	9,920,000	10,777,000
Fixed asset turnover		—	—	4.37	3.90	3.06

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $47,061,000K ÷ $—K
= —

The fixed asset turnover ratio for The Coca-Cola Company has shown a positive trend over the past few years. In 2020, the ratio was 3.06, indicating that the company generated $3.06 in revenue for every $1 of fixed assets. By the end of 2021, the ratio increased to 3.90, demonstrating that the company efficiently utilized its fixed assets to generate revenue. This trend continued, with the ratio reaching 4.37 by the end of 2022.

However, there is missing data for the years 2023 and 2024. Without complete information, it is challenging to assess the company's performance accurately for those years. It is important to note that a higher fixed asset turnover ratio generally indicates better efficiency in asset utilization, as the company is generating more revenue from its fixed assets.

Overall, based on the available data, The Coca-Cola Company has shown an improvement in its fixed asset turnover ratio, suggesting that it is effectively using its fixed assets to drive revenue growth.