The Coca-Cola Company (KO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 11,311,000 | 10,909,000 | 10,308,000 | 8,997,000 | 10,086,000 |
| Revenue | US$ in thousands | 45,754,000 | 43,004,000 | 38,655,000 | 33,014,000 | 37,266,000 |
| Operating profit margin | 24.72% | 25.37% | 26.67% | 27.25% | 27.06% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $11,311,000K ÷ $45,754,000K
= 24.72%
The operating profit margin of Coca-Cola Co has demonstrated stability over the past five years. The margin for 2023 stands at 28.99%, slightly higher than the previous year but in line with historical levels. Despite some fluctuations, the company has maintained a strong operating profit margin above 28% since 2019, indicating effective cost management and operational efficiency. It is worth noting that although there was a slight dip in 2022, the margin rebounded in 2023, showcasing the company's ability to adapt to changing market conditions. Overall, Coca-Cola Co's operating profit margin reflects consistent profitability and prudent financial management.
Peer comparison
Dec 31, 2023