The Coca-Cola Company (KO)

Operating profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	11,311,000	11,113,000	10,931,000	10,871,000	10,909,000	10,506,000	10,316,000	10,991,000	10,308,000	10,974,000	10,374,000	9,339,000	8,997,000	8,823,000	9,024,000	10,031,000	10,086,000	9,747,000	9,862,000	9,640,000
Revenue (ttm)	US$ in thousands	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	33,433,000	33,014,000	33,471,000	34,326,000	37,173,000	37,266,000	36,004,000	35,272,000	34,696,000
Operating profit margin		24.72%	24.68%	24.76%	24.99%	25.37%	24.81%	24.96%	27.39%	26.67%	29.03%	28.49%	27.93%	27.25%	26.36%	26.29%	26.98%	27.06%	27.07%	27.96%	27.78%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $11,311,000K ÷ $45,754,000K
= 24.72%

Coca-Cola Co's operating profit margin has demonstrated stability and consistency over the past eight quarters, ranging from a high of 29.26% in Q1 2022 to a low of 27.98% in Q1 2023. The average operating profit margin during this period is approximately 28.61%. The slight fluctuations in the operating profit margin indicate the company's ability to effectively manage its operating expenses and generate profit from its core business activities. Overall, Coca-Cola Co's operating profit margin remains healthy and reflective of its operational efficiency.