The Coca-Cola Company (KO)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 97,703,000 | 92,763,000 | 94,354,000 | 87,296,000 | 86,381,000 |
| ROA | 10.97% | 10.29% | 10.36% | 8.87% | 10.33% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $10,714,000K ÷ $97,703,000K
= 10.97%
Coca-Cola Co's return on assets (ROA) has shown a fluctuating trend over the past five years. In 2023, the ROA increased to 10.97% from 10.29% in 2022, indicating an improved utilization of assets to generate profits. This positive trend is consistent with the ROA of 10.36% in 2021. However, there was a slight decrease in ROA in 2020 to 8.87%, which rebounded in 2019 to 10.33%. Overall, the company has been able to effectively generate profits relative to its asset base, demonstrating operational efficiency and effective asset management.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
The Coca-Cola Company
KO
10.97%
Constellation Brands Inc Class A
STZ
6.72%
Keurig Dr Pepper Inc
KDP
4.18%
PepsiCo Inc
PEP
9.03%