The Coca-Cola Company (KO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,714,000 | 9,542,000 | 9,771,000 | 7,747,000 | 8,920,000 |
| Revenue | US$ in thousands | 45,754,000 | 43,004,000 | 38,655,000 | 33,014,000 | 37,266,000 |
| Net profit margin | 23.42% | 22.19% | 25.28% | 23.47% | 23.94% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $10,714,000K ÷ $45,754,000K
= 23.42%
The net profit margin of Coca-Cola Co has fluctuated over the past five years. In 2021, the net profit margin was the highest at 25.28%, indicating that the company was able to retain a larger portion of its revenue as profit after accounting for all expenses. However, in 2022, the net profit margin slightly decreased to 22.19%.
In 2023, there was an improvement in the net profit margin to 23.42%, showcasing the company's ability to effectively manage its costs and generate profits. Despite these fluctuations, the company has been able to maintain a relatively stable net profit margin above 20% in recent years, highlighting its strong profitability and efficient operations. It is important to continue monitoring the trend in the net profit margin to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023