Analysis of Geographic Areas
Coca-Cola Co. operates in 2 regions: United States and International.
Area Asset Turnover
Coca-Cola Co., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 4.49 | 4.41 | 3.80 | 2.83 | 2.88 |
| International | 5.26 | 4.35 | 3.95 | 3.20 | 3.77 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| International | International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
Coca-Cola Co.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net operating revenues | 16,550) | 15,413) | 13,010) | 11,281) | 11,715) |
| Property, plant and equipment, net | 3,682) | 3,494) | 3,420) | 3,988) | 4,062) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 4.49 | 4.41 | 3.80 | 2.83 | 2.88 |
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).
1 2023 Calculation
Area asset turnover = Net operating revenues ÷ Property, plant and equipment, net
= 16,550 ÷ 3,682 = 4.49
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: International
Coca-Cola Co.; International; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net operating revenues | 29,204) | 27,591) | 25,645) | 21,733) | 25,551) |
| Property, plant and equipment, net | 5,554) | 6,347) | 6,500) | 6,789) | 6,776) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.26 | 4.35 | 3.95 | 3.20 | 3.77 |
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).
1 2023 Calculation
Area asset turnover = Net operating revenues ÷ Property, plant and equipment, net
= 29,204 ÷ 5,554 = 5.26
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net operating revenues
Coca-Cola Co., net operating revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 16,550) | 15,413) | 13,010) | 11,281) | 11,715) |
| International | 29,204) | 27,591) | 25,645) | 21,733) | 25,551) |
| Total | 45,754) | 43,004) | 38,655) | 33,014) | 37,266) |
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).
Property, plant and equipment, net
Coca-Cola Co., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 3,682) | 3,494) | 3,420) | 3,988) | 4,062) |
| International | 5,554) | 6,347) | 6,500) | 6,789) | 6,776) |
| Total | 9,236) | 9,841) | 9,920) | 10,777) | 10,838) |
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).