The Coca-Cola Company (KO)

Total 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
Total assets	US$ in thousands	100,549,000	106,266,000	101,202,000	99,392,000	97,703,000	97,578,000	98,456,000	97,404,000	92,763,000	92,471,000	93,169,000	94,064,000	94,354,000	90,606,000	90,194,000	89,993,000	87,296,000	97,184,000	94,689,000	94,013,000
Total asset turnover		0.47	0.44	0.46	0.46	0.47	0.46	0.45	0.45	0.46	0.46	0.44	0.43	0.41	0.42	0.40	0.47	0.48	0.43	0.45	0.40

December 31, 2024 calculation

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

The total asset turnover ratio of The Coca-Cola Company has fluctuated over the years, ranging from 0.40 to 0.47. This ratio measures the efficiency with which the company generates revenue from its total assets. From March 31, 2020, to December 31, 2024, the total asset turnover has shown some variability but generally remained within a relatively stable range. The company had its highest total asset turnover of 0.48 on December 31, 2020, indicating that for every dollar of assets, the company generated $0.48 in sales. Overall, the trend suggests that The Coca-Cola Company has managed to effectively utilize its assets to generate revenue, albeit with some fluctuations over the years.