The Coca-Cola Company (KO)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	47,061,000	46,366,000	46,465,000	46,074,000	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	42,034,000	41,615,000	42,072,000	42,927,000	37,173,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	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
Fixed asset turnover		—	—	—	—	—	5.08	4.55	4.42	4.37	4.58	4.37	4.10	3.90	3.76	3.45	3.94	3.86	3.94	4.01	3.38

December 31, 2024 calculation

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

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover indicates better utilization of fixed assets to generate sales.

Analyzing The Coca-Cola Company's fixed asset turnover over the past quarters, we observe a positive trend from March 31, 2020, to December 31, 2023. The ratio increased steadily from 3.38 in March 2020 to 4.42 in March 2023, peaking at 5.08 in September 30, 2023. This upward trend suggests that Coca-Cola was effectively utilizing its fixed assets to generate sales during this period.

However, starting from December 31, 2023, the data for the fixed asset turnover ratio is not available, signaling a potential issue with data reporting or a shift in the company's financial disclosure practices. It would be important to investigate the reasons behind the missing data to understand the current efficiency of Coca-Cola's fixed asset utilization.

Overall, the trend of increasing fixed asset turnover until September 30, 2023, indicates strong operational efficiency and effective management of fixed assets by The Coca-Cola Company. Moving forward, monitoring the fixed asset turnover ratio will be crucial to evaluate the company's ongoing performance in utilizing its fixed assets to drive revenue generation.