Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

Coca-Cola Co., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net fixed asset turnover 4.57 4.95 4.37 3.90 3.06
Net fixed asset turnover (including operating lease, right-of-use asset) 4.10 4.33 3.82 3.41 2.68
Total asset turnover 0.47 0.47 0.46 0.41 0.38
Equity turnover 1.89 1.76 1.78 1.68 1.71

Based on: 10-K (reporting date: 2024-12-31), 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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Coca-Cola Co. net fixed asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Coca-Cola Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Coca-Cola Co. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Coca-Cola Co. equity turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

Net Fixed Asset Turnover

Coca-Cola Co., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net operating revenues 47,061 45,754 43,004 38,655 33,014
Property, plant and equipment, net 10,303 9,236 9,841 9,920 10,777
Long-term Activity Ratio
Net fixed asset turnover1 4.57 4.95 4.37 3.90 3.06
Benchmarks
Net Fixed Asset Turnover, Competitors2
Mondelēz International Inc. 3.84 3.72 3.49 3.32 2.94
PepsiCo Inc. 3.28 3.38 3.56 3.55 3.29
Philip Morris International Inc. 5.18 4.68 4.73 5.09 4.51
Net Fixed Asset Turnover, Sector
Food, Beverage & Tobacco 3.87 3.90 3.86 3.78 3.34
Net Fixed Asset Turnover, Industry
Consumer Staples 5.04 5.17 5.21 5.06 4.37

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Net fixed asset turnover = Net operating revenues ÷ Property, plant and equipment, net
= 47,061 ÷ 10,303 = 4.57

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Coca-Cola Co. net fixed asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Coca-Cola Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net operating revenues 47,061 45,754 43,004 38,655 33,014
 
Property, plant and equipment, net 10,303 9,236 9,841 9,920 10,777
Operating lease ROU assets (included in Other noncurrent assets) 1,182 1,328 1,406 1,418 1,548
Property, plant and equipment, net (including operating lease, right-of-use asset) 11,485 10,564 11,247 11,338 12,325
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 4.10 4.33 3.82 3.41 2.68
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Mondelēz International Inc. 3.56 3.47 3.25 3.10 2.75
PepsiCo Inc. 2.93 3.05 3.24 3.25 3.05
Philip Morris International Inc. 4.80 4.32 4.35 4.69 4.06
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Food, Beverage & Tobacco 3.49 3.53 3.51 3.45 3.05
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Consumer Staples 4.57 4.68 4.69 4.55 3.90

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net operating revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 47,061 ÷ 11,485 = 4.10

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Coca-Cola Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Total Asset Turnover

Coca-Cola Co., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net operating revenues 47,061 45,754 43,004 38,655 33,014
Total assets 100,549 97,703 92,763 94,354 87,296
Long-term Activity Ratio
Total asset turnover1 0.47 0.47 0.46 0.41 0.38
Benchmarks
Total Asset Turnover, Competitors2
Mondelēz International Inc. 0.53 0.50 0.44 0.43 0.39
PepsiCo Inc. 0.92 0.91 0.94 0.86 0.76
Philip Morris International Inc. 0.61 0.54 0.51 0.76 0.64
Total Asset Turnover, Sector
Food, Beverage & Tobacco 0.65 0.62 0.61 0.60 0.54
Total Asset Turnover, Industry
Consumer Staples 1.56 1.51 1.47 1.41 1.32

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Total asset turnover = Net operating revenues ÷ Total assets
= 47,061 ÷ 100,549 = 0.47

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Coca-Cola Co. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Equity Turnover

Coca-Cola Co., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Net operating revenues 47,061 45,754 43,004 38,655 33,014
Equity attributable to shareowners of The Coca-Cola Company 24,856 25,941 24,105 22,999 19,299
Long-term Activity Ratio
Equity turnover1 1.89 1.76 1.78 1.68 1.71
Benchmarks
Equity Turnover, Competitors2
Mondelēz International Inc. 1.35 1.27 1.17 1.02 0.96
PepsiCo Inc. 5.09 4.94 5.04 4.95 5.23
Philip Morris International Inc.
Equity Turnover, Sector
Food, Beverage & Tobacco 3.67 3.39 3.26 3.12 3.32
Equity Turnover, Industry
Consumer Staples 5.66 5.62 5.26 5.06 4.98

Based on: 10-K (reporting date: 2024-12-31), 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).

1 2024 Calculation
Equity turnover = Net operating revenues ÷ Equity attributable to shareowners of The Coca-Cola Company
= 47,061 ÷ 24,856 = 1.89

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Coca-Cola Co. equity turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.