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. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 41.30% | — | 17.50% | 49.04% | — |
| Dec 31, 2022 | 39.59% | — | 10.11% | 51.96% | — |
| Dec 31, 2021 | 42.48% | — | 15.21% | 47.48% | — |
| Dec 31, 2020 | 40.14% | 157.34% | 12.89% | 52.92% | — |
| Dec 31, 2019 | 46.99% | -20.78% | 14.19% | 49.47% | — |
| Dec 31, 2018 | 37.89% | 47.09% | 13.19% | 86.20% | — |
| Dec 31, 2017 | 7.31% | 66.48% | 11.19% | 44.60% | — |
| Dec 31, 2016 | 28.30% | 111.50% | 6.59% | 57.04% | — |
| Dec 31, 2015 | 28.77% | 181.98% | 25.94% | 45.73% | — |
| Dec 31, 2014 | 23.41% | 168.21% | 7.87% | 37.35% | — |
| Dec 31, 2013 | 25.88% | 110.10% | 12.09% | 27.76% | — |
| Dec 31, 2012 | 27.51% | 131.94% | 9.40% | 27.71% | — |
| Dec 31, 2011 | 27.10% | 92.12% | 10.02% | 31.29% | 3,751.53% |
| Dec 31, 2010 | 38.09% | 75.21% | 11.48% | 29.86% | 207.05% |
| Dec 31, 2009 | 27.52% | 78.79% | 11.67% | 35.38% | 110.95% |
| Dec 31, 2008 | 28.37% | 174.33% | 13.07% | 42.47% | 91.87% |
| Dec 31, 2007 | 27.51% | 52.74% | 9.49% | 32.83% | — |
| Dec 31, 2006 | 30.02% | 30.34% | 10.72% | 36.71% | — |
| Dec 31, 2005 | 29.79% | 29.22% | 8.89% | 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% | 70.14% |
| Dec 31, 2022 | 39.59% | 65.17% |
| Dec 31, 2021 | 42.48% | 59.84% |
| Dec 31, 2020 | 40.14% | 61.15% |
| Dec 31, 2019 | 46.99% | 46.68% |
| Dec 31, 2018 | 37.89% | 62.57% |
| Dec 31, 2017 | 7.31% | 44.08% |
| Dec 31, 2016 | 28.30% | 60.14% |
| Dec 31, 2015 | 28.77% | 58.38% |
| Dec 31, 2014 | 23.41% | 43.04% |
| Dec 31, 2013 | 25.88% | 37.54% |
| Dec 31, 2012 | 27.51% | 35.87% |
| Dec 31, 2011 | 27.10% | 33.41% |
| Dec 31, 2010 | 38.09% | 34.55% |
| Dec 31, 2009 | 27.52% | 32.80% |
| Dec 31, 2008 | 28.37% | 39.43% |
| Dec 31, 2007 | 27.51% | 28.31% |
| Dec 31, 2006 | 30.02% | 25.69% |
| Dec 31, 2005 | 29.79% | 22.96% |
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% | 34.94% |
| Dec 31, 2022 | 39.59% | 35.32% |
| Dec 31, 2021 | 42.48% | 32.79% |
| Dec 31, 2020 | 40.14% | 32.76% |
| Dec 31, 2019 | 46.99% | 21.37% |
| Dec 31, 2018 | 37.89% | 29.37% |
| Dec 31, 2017 | 7.31% | 28.14% |
| Dec 31, 2016 | 28.30% | 29.97% |
| Dec 31, 2015 | 28.77% | 25.20% |
| Dec 31, 2014 | 23.41% | 25.03% |
| Dec 31, 2013 | 25.88% | 25.47% |
| Dec 31, 2012 | 27.51% | 24.93% |
| Dec 31, 2011 | 27.10% | 24.74% |
| Dec 31, 2010 | 38.09% | 25.23% |
| Dec 31, 2009 | 27.52% | 24.18% |
| Dec 31, 2008 | 28.37% | 24.41% |
| Dec 31, 2007 | 27.51% | 20.85% |
| Dec 31, 2006 | 30.02% | 20.52% |
| Dec 31, 2005 | 29.79% | 23.72% |
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).