Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Coca-Cola Co., ROA, long-term trends, calculation

Microsoft Excel

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), 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


Net Income Trend
Net income showed a general upward trend from 2005 through 2010, peaking at 11,809 million US dollars in 2010. Subsequently, the net income experienced fluctuations, with declines and recoveries over the years. Notably, there was a significant dip in 2017 to 1,248 million US dollars, followed by a recovery period reaching above 10,000 million US dollars again by 2023 and 2024. Overall, net income demonstrates volatility but retains an upward trajectory in the long term.
Total Assets Trend
Total assets exhibited substantial growth from 2005 to 2011, increasing from 29,427 million US dollars to 79,974 million US dollars. After 2011, the asset base continued to expand but at a slower and more stable rate, reaching over 100,000 million US dollars in 2024. The growth in total assets indicates ongoing expansion and investment in the company's asset base over the period.
Return on Assets (ROA) Trend
The ROA started high in 2005 at 16.56% and remained robust through 2010, peaking at 16.19%. From 2011, there was a marked decline in ROA, reaching a low of 1.42% in 2017, despite ongoing asset growth. Following this trough, ROA rebounded and stabilized around 10% in subsequent years through 2024. This pattern suggests that while asset growth continued, the efficiency of asset utilization decreased notably during the middle years but improved in recent periods.
Overall Insights
The company experienced a phase of rapid growth in assets accompanied by a peak in profitability and asset efficiency up to 2010. However, from 2011 to 2017, profitability and ROA declined significantly despite increasing assets, indicating potential challenges in generating returns from investments or operational performance during this period. Post-2017 data shows signs of improvement in profitability and asset utilization efficiency, suggesting stabilization and recovery. The financial performance over the analyzed years reflects cycles of expansion, operational challenges, and subsequent recovery phases.

Comparison to Competitors

Coca-Cola Co., ROA, long-term trends, comparison to competitors

Microsoft Excel

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), 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)


Comparison to Industry (Consumer Staples)