The Coca-Cola Company (KO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 45,754,000 | 45,030,000 | 44,140,000 | 43,493,000 | 43,004,000 | 42,343,000 | 41,322,000 | 40,126,000 | 38,655,000 | 37,802,000 | 36,412,000 | 33,433,000 | 33,014,000 | 33,471,000 | 34,326,000 | 37,173,000 | 37,266,000 | 36,004,000 | 35,272,000 | 34,696,000 |
| Property, plant and equipment | US$ in thousands | 9,236,000 | 8,860,000 | 9,706,000 | 9,848,000 | 9,841,000 | 9,243,000 | 9,462,000 | 9,784,000 | 9,920,000 | 10,058,000 | 10,547,000 | 10,673,000 | 10,777,000 | 10,667,000 | 10,695,000 | 10,993,000 | 10,838,000 | 10,217,000 | 10,254,000 | 8,866,000 |
| Fixed asset turnover | 4.95 | 5.08 | 4.55 | 4.42 | 4.37 | 4.58 | 4.37 | 4.10 | 3.90 | 3.76 | 3.45 | 3.13 | 3.06 | 3.14 | 3.21 | 3.38 | 3.44 | 3.52 | 3.44 | 3.91 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $45,754,000K ÷ $9,236,000K
= 4.95
The fixed asset turnover ratio for Coca-Cola Co has fluctuated over the past eight quarters, ranging from a low of 4.10 in Q1 2022 to a high of 5.08 in Q3 2023. This ratio measures how efficiently the company is generating revenue from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets more effectively to generate sales.
The upward trend from Q1 2022 to Q3 2023 suggests an improvement in the company's efficiency in utilizing its fixed assets to generate revenue. However, the slight decline in Q4 2023 compared to the previous quarter may indicate a decrease in this efficiency. Overall, the company's fixed asset turnover ratio has shown variability but has generally remained above 4.0, indicating a solid performance in utilizing its fixed assets to drive revenue.
Further analysis and comparison with industry peers would provide a more comprehensive understanding of Coca-Cola Co's performance in terms of fixed asset turnover.
Peer comparison
Dec 31, 2023
See also:
The Coca-Cola Company Net Fixed Asset Turnover (Quarterly Data)