The Coca-Cola Company (KO)

Return on assets (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
Net income (ttm)	US$ in thousands	10,714,000	10,772,000	10,510,000	9,868,000	9,542,000	9,925,000	9,571,000	10,307,000	9,771,000	8,813,000	8,079,000	7,217,000	7,747,000	8,333,000	9,189,000	10,017,000	8,920,000	7,748,000	7,035,000	6,744,000
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
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $10,714,000K ÷ $97,703,000K
= 10.97%

Coca-Cola Co's return on assets (ROA) has been fairly consistent over the past eight quarters, ranging from a low of 10.13% in Q1 2023 to a high of 11.04% in Q3 2023. The average ROA over this period is approximately 10.62%, indicating that the company is effectively utilizing its assets to generate profits.

The slight fluctuations in ROA between quarters could be due to various factors such as changes in revenue, expenses, or asset efficiency. Overall, the consistency in ROA suggests that Coca-Cola Co has been able to maintain a solid level of profitability relative to its asset base. It is important for the company to continue monitoring and managing its assets efficiently to sustain and potentially improve its ROA performance in the future.