The Coca-Cola Company (KO)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 97,703,000 | 97,578,000 | 98,456,000 | 97,404,000 | 92,763,000 | 92,471,000 | 93,169,000 | 94,064,000 | 94,354,000 | 90,606,000 | 90,194,000 | 89,993,000 | 87,296,000 | 97,184,000 | 94,689,000 | 94,013,000 | 86,381,000 | 87,433,000 | 89,996,000 | 88,347,000 |
| Operating ROA | 11.58% | 11.39% | 11.10% | 11.16% | 11.76% | 11.36% | 11.07% | 11.68% | 10.92% | 12.11% | 11.50% | 10.38% | 10.31% | 9.08% | 9.53% | 10.67% | 11.68% | 11.15% | 10.96% | 10.91% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $11,311,000K ÷ $97,703,000K
= 11.58%
To analyze Coca-Cola Co's operating return on assets (operating ROA), we can observe the trend over the past eight quarters. Operating ROA, which measures a company's operating income generated for each dollar of assets, demonstrates the effectiveness of utilizing assets to generate profits.
Coca-Cola Co's operating ROA has shown a relatively stable performance over the quarters, ranging from 12.48% to 13.57%. The company has maintained a healthy level of operating performance and efficiency in utilizing its assets to generate earnings.
The operating ROA for Q4 2023 was 13.57%, slightly higher than in the previous quarter at 13.35%. This increase indicates improved operational efficiency during the period, with the company generating more operating income relative to its asset base.
Overall, the consistent performance and upward trend in operating ROA suggest that Coca-Cola Co has been effectively managing its assets to generate operating profits. Investors and stakeholders may view this trend positively as it demonstrates the company's ability to generate returns on its investments in assets.
Peer comparison
Dec 31, 2023