The Coca-Cola Company (KO)

Total 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
Total assets	US$ in thousands	100,549,000	97,703,000	92,763,000	94,354,000	87,296,000
Total asset turnover		0.47	0.47	0.46	0.41	0.38

December 31, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $47,061,000K ÷ $100,549,000K
= 0.47

Total asset turnover measures how efficiently a company generates revenue from its total assets. For The Coca-Cola Company, the total asset turnover has shown a positive trend over the past five years. The ratio increased from 0.38 in December 31, 2020, to 0.47 in both December 31, 2024, indicating an improvement in asset utilization efficiency.

This upward trend suggests that the company has been more effective in generating sales or revenue relative to its total assets. A higher total asset turnover ratio typically indicates better asset management and operational efficiency. The consistent increase in this ratio for The Coca-Cola Company reflects its ability to maximize the use of assets to drive revenue growth. It demonstrates that the company is employing its assets efficiently to generate sales and maintain profitability.

Overall, the improving trend in total asset turnover for The Coca-Cola Company signals positive operational performance and effective management of resources, which could potentially lead to sustainable growth and profitability in the future.