The Coca-Cola Company (KO)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	27,234,000	25,004,000	23,298,000	19,581,000	22,647,000
Revenue	US$ in thousands	45,754,000	43,004,000	38,655,000	33,014,000	37,266,000
Gross profit margin		59.52%	58.14%	60.27%	59.31%	60.77%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $27,234,000K ÷ $45,754,000K
= 59.52%

The gross profit margin of Coca-Cola Co has shown some fluctuation over the past five years. In 2023, the gross profit margin increased to 59.52% from 58.14% in 2022, indicating an improvement in the company's ability to generate profits from its core operations after deducting the cost of goods sold. However, compared to 2021 and 2019, where the gross profit margins were 60.27% and 60.77% respectively, the margin has slightly decreased. This suggests that the company's profitability from sales has been relatively strong, but there may have been some pressure on the cost of goods sold in recent years. Overall, a gross profit margin in the range of 59-60% is considered healthy for a company like Coca-Cola Co operating in the consumer goods industry.