Return on Equity (ROE)
since 2005
Calculation
Coca-Cola Co., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income attributable to shareowners of The Coca-Cola Company1 | ÷ | Equity attributable to shareowners of The Coca-Cola Company1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 41.30% | = | 100 | × | 10,714) | ÷ | 25,941) |
| Dec 31, 2022 | 39.59% | = | 100 | × | 9,542) | ÷ | 24,105) |
| Dec 31, 2021 | 42.48% | = | 100 | × | 9,771) | ÷ | 22,999) |
| Dec 31, 2020 | 40.14% | = | 100 | × | 7,747) | ÷ | 19,299) |
| Dec 31, 2019 | 46.99% | = | 100 | × | 8,920) | ÷ | 18,981) |
| Dec 31, 2018 | 37.89% | = | 100 | × | 6,434) | ÷ | 16,981) |
| Dec 31, 2017 | 7.31% | = | 100 | × | 1,248) | ÷ | 17,072) |
| Dec 31, 2016 | 28.30% | = | 100 | × | 6,527) | ÷ | 23,062) |
| Dec 31, 2015 | 28.77% | = | 100 | × | 7,351) | ÷ | 25,554) |
| Dec 31, 2014 | 23.41% | = | 100 | × | 7,098) | ÷ | 30,320) |
| Dec 31, 2013 | 25.88% | = | 100 | × | 8,584) | ÷ | 33,173) |
| Dec 31, 2012 | 27.51% | = | 100 | × | 9,019) | ÷ | 32,790) |
| Dec 31, 2011 | 27.10% | = | 100 | × | 8,572) | ÷ | 31,635) |
| Dec 31, 2010 | 38.09% | = | 100 | × | 11,809) | ÷ | 31,003) |
| Dec 31, 2009 | 27.52% | = | 100 | × | 6,824) | ÷ | 24,799) |
| Dec 31, 2008 | 28.37% | = | 100 | × | 5,807) | ÷ | 20,472) |
| Dec 31, 2007 | 27.51% | = | 100 | × | 5,981) | ÷ | 21,744) |
| Dec 31, 2006 | 30.02% | = | 100 | × | 5,080) | ÷ | 16,920) |
| Dec 31, 2005 | 29.79% | = | 100 | × | 4,872) | ÷ | 16,355) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Coca-Cola Co., ROE, long-term trends, comparison to competitors
| Coca-Cola Co. | Altria Group Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|
| Dec 31, 2023 | 41.30% | — | 49.04% | — |
| Dec 31, 2022 | 39.59% | — | 51.96% | — |
| Dec 31, 2021 | 42.48% | — | 47.48% | — |
| Dec 31, 2020 | 40.14% | 157.34% | 52.92% | — |
| Dec 31, 2019 | 46.99% | -20.78% | 49.47% | — |
| Dec 31, 2018 | 37.89% | 47.09% | 86.20% | — |
| Dec 31, 2017 | 7.31% | 66.48% | 44.60% | — |
| Dec 31, 2016 | 28.30% | 111.50% | 57.04% | — |
| Dec 31, 2015 | 28.77% | 181.98% | 45.73% | — |
| Dec 31, 2014 | 23.41% | 168.21% | 37.35% | — |
| Dec 31, 2013 | 25.88% | 110.10% | 27.76% | — |
| Dec 31, 2012 | 27.51% | 131.94% | 27.71% | — |
| Dec 31, 2011 | 27.10% | 92.12% | 31.29% | 3,751.53% |
| Dec 31, 2010 | 38.09% | 75.21% | 29.86% | 207.05% |
| Dec 31, 2009 | 27.52% | 78.79% | 35.38% | 110.95% |
| Dec 31, 2008 | 28.37% | 174.33% | 42.47% | 91.87% |
| Dec 31, 2007 | 27.51% | 52.74% | 32.83% | — |
| Dec 31, 2006 | 30.02% | 30.34% | 36.71% | — |
| Dec 31, 2005 | 29.79% | 29.22% | 28.62% | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Coca-Cola Co., ROE, long-term trends, comparison to sector (food, beverage & tobacco)
| Coca-Cola Co. | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 31, 2023 | 41.30% | 120.39% |
| Dec 31, 2022 | 39.59% | 117.44% |
| Dec 31, 2021 | 42.48% | 106.01% |
| Dec 31, 2020 | 40.14% | 118.96% |
| Dec 31, 2019 | 46.99% | 77.88% |
| Dec 31, 2018 | 37.89% | 99.99% |
| Dec 31, 2017 | 7.31% | 71.55% |
| Dec 31, 2016 | 28.30% | 99.48% |
| Dec 31, 2015 | 28.77% | 91.90% |
| Dec 31, 2014 | 23.41% | 68.62% |
| Dec 31, 2013 | 25.88% | 52.85% |
| Dec 31, 2012 | 27.51% | 51.44% |
| Dec 31, 2011 | 27.10% | 48.09% |
| Dec 31, 2010 | 38.09% | 48.13% |
| Dec 31, 2009 | 27.52% | 43.43% |
| Dec 31, 2008 | 28.37% | 53.07% |
| Dec 31, 2007 | 27.51% | 37.24% |
| Dec 31, 2006 | 30.02% | 31.63% |
| Dec 31, 2005 | 29.79% | 29.23% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Coca-Cola Co., ROE, long-term trends, comparison to industry (consumer staples)
| Coca-Cola Co. | Consumer Staples | |
|---|---|---|
| Dec 31, 2023 | 41.30% | 37.72% |
| Dec 31, 2022 | 39.59% | 38.84% |
| Dec 31, 2021 | 42.48% | 35.60% |
| Dec 31, 2020 | 40.14% | 35.51% |
| Dec 31, 2019 | 46.99% | 22.58% |
| Dec 31, 2018 | 37.89% | 31.36% |
| Dec 31, 2017 | 7.31% | 30.31% |
| Dec 31, 2016 | 28.30% | 32.66% |
| Dec 31, 2015 | 28.77% | 24.91% |
| Dec 31, 2014 | 23.41% | 27.07% |
| Dec 31, 2013 | 25.88% | 27.21% |
| Dec 31, 2012 | 27.51% | 27.00% |
| Dec 31, 2011 | 27.10% | 26.89% |
| Dec 31, 2010 | 38.09% | 27.21% |
| Dec 31, 2009 | 27.52% | 25.77% |
| Dec 31, 2008 | 28.37% | 25.66% |
| Dec 31, 2007 | 27.51% | 22.33% |
| Dec 31, 2006 | 30.02% | 21.85% |
| Dec 31, 2005 | 29.79% | 26.54% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).