The Coca-Cola Company (KO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	25,941,000	24,105,000	22,999,000	19,299,000	18,981,000
ROE		41.30%	39.59%	42.48%	40.14%	46.99%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $10,714,000K ÷ $25,941,000K
= 41.30%

Coca-Cola Co's return on equity (ROE) has shown some fluctuations over the past five years. The company's ROE was 41.30% at the end of 2023, which indicates that for every dollar of shareholders' equity, Coca-Cola generated a return of 41.30 cents. This represents a slight increase from the previous year's ROE of 39.59%.

Looking back further, in 2021, Coca-Cola's ROE was 42.48%, showing a slight decline compared to 2023. The ROE for 2020 was 40.14%, indicating a moderate increase from the previous year. The highest ROE in the given period was in 2019 at 46.99%.

Overall, the company has maintained relatively high returns on equity, signaling efficiency in utilizing shareholders' capital to generate profits. The fluctuations in ROE over the years may be influenced by various factors such as changes in profitability, debt levels, and shareholder equity composition. Further analysis would be needed to understand the drivers behind these changes and assess the sustainability of Coca-Cola's return on equity trend.