The Coca-Cola Company (KO)
Working capital 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 current assets | US$ in thousands | 25,997,000 | 26,732,000 | 22,591,000 | 22,545,000 | 19,240,000 |
| Total current liabilities | US$ in thousands | 25,249,000 | 23,571,000 | 19,724,000 | 19,950,000 | 14,601,000 |
| Working capital turnover | 62.92 | 14.47 | 15.00 | 14.90 | 7.12 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $47,061,000K ÷ ($25,997,000K – $25,249,000K)
= 62.92
The working capital turnover for The Coca-Cola Company has shown a significant improvement over the years. In December 31, 2020, the working capital turnover stood at 7.12, and by December 31, 2024, it had increased substantially to 62.92. This indicates that the company is effectively generating revenue from its working capital, with a notable increase in efficiency from 2020 to 2024. The trend suggests that the company has been managing its working capital more effectively, enhancing its operational efficiency and potentially maximizing its return on investment.
Peer comparison
Dec 31, 2024