The Coca-Cola Company (KO)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 59.52% | 59.14% | 58.52% | 58.09% | 58.14% | 58.49% | 58.89% | 60.27% | 60.27% | 60.72% | 60.61% | 59.42% | 59.31% | 59.90% | 60.04% | 60.66% | 60.77% | 60.68% | 61.06% | 61.51% |
| 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% |
| Pretax margin | 28.33% | 28.80% | 29.17% | 28.18% | 27.11% | 28.59% | 28.41% | 32.61% | 32.06% | 31.24% | 29.96% | 28.39% | 29.47% | 29.23% | 31.17% | 30.97% | 28.77% | 25.64% | 24.30% | 24.41% |
| Net profit margin | 23.42% | 23.92% | 23.81% | 22.69% | 22.19% | 23.44% | 23.16% | 25.69% | 25.28% | 23.31% | 22.19% | 21.59% | 23.47% | 24.90% | 26.77% | 26.95% | 23.94% | 21.52% | 19.94% | 19.44% |
Coca-Cola Co's profitability ratios show consistent performance over the last eight quarters. Starting with the gross profit margin, the company has maintained a range between 58% and 59%, indicating strong pricing power and efficient cost management in its production processes.
Moving to operating profit margin, the trend remains relatively stable, with a range between 27.98% and 29.26%. This indicates that Coca-Cola has been effectively managing its operating expenses and generating profit from its core operations.
The pretax margin has shown some fluctuations over the quarters, ranging from 27.17% to 32.70%. This metric reflects the company's ability to generate profit before accounting for taxes and other non-operating expenses.
Lastly, the net profit margin has also remained within a range between 22.19% and 23.92%. This ratio shows the portion of revenue that translates into profit after all expenses are accounted for, including taxes. Coca-Cola's consistent net profit margin indicates efficient management of all costs and a healthy bottom line.
Overall, Coca-Cola Co's profitability ratios demonstrate a stable and competitive financial performance, showcasing its ability to generate profits efficiently across its operations.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 10.97% | 11.04% | 10.67% | 10.13% | 10.29% | 10.73% | 10.27% | 10.96% | 10.36% | 9.73% | 8.96% | 8.02% | 8.87% | 8.57% | 9.70% | 10.65% | 10.33% | 8.86% | 7.82% | 7.63% |
| Return on total capital | 23.57% | 23.78% | 22.91% | 21.73% | 20.73% | 22.05% | 20.91% | 23.30% | 22.89% | 22.01% | 21.11% | 18.47% | 18.79% | 19.18% | 21.07% | 25.19% | 25.09% | 20.50% | 20.05% | 20.00% |
| Return on equity (ROE) | 41.30% | 40.92% | 40.40% | 39.13% | 39.59% | 43.52% | 41.60% | 41.49% | 42.48% | 39.74% | 36.31% | 35.46% | 40.14% | 44.78% | 52.56% | 55.17% | 46.99% | 41.40% | 38.69% | 38.03% |
Coca-Cola Co's profitability ratios show consistent performance over the past eight quarters. The operating return on assets (Operating ROA) has remained fairly stable, with a range of 12.49% to 13.57%. This indicates the company's ability to generate operating profits from its assets efficiently.
The Return on Assets (ROA) has also been relatively steady, ranging from 10.13% to 11.04%. This metric demonstrates how effectively the company is utilizing its assets to generate profits.
The Return on Total Capital shows an upward trend, increasing from 19.78% to 22.10% over the period analyzed. This suggests that the company is effectively utilizing both equity and debt to generate returns for its stakeholders.
The Return on Equity (ROE) has fluctuated slightly but remains strong, ranging from 39.13% to 43.52%. This ratio highlights the company's ability to generate profits from shareholders' investments.
Overall, Coca-Cola Co's profitability ratios indicate consistent performance and effective utilization of assets and capital to generate returns for its investors.