Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

Coca-Cola Co., ROE, 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


The analysis of the financial data reveals several notable trends over the period from 2005 to 2024. Net income attributable to shareowners shows considerable variability. Starting at 4,872 million USD in 2005, it experienced a general upward trend, peaking at 11,809 million USD in 2010. This peak was followed by a decline and fluctuations, reaching a low of 1,248 million USD in 2017. After 2017, net income steadily increased again, reaching above 10,000 million USD by 2023 and slightly declining in 2024.

Equity attributable to shareowners also exhibits significant changes. It increased from 16,355 million USD in 2005 to a peak of 33,173 million USD in 2013. After this peak, equity declined and showed a downward trend until 2016, dropping to 17,072 million USD. From 2016 onward, equity rose again, stabilizing above 24,000 million USD during the last reported years, although with a minor decrease noted in 2024.

The return on equity (ROE) percentage demonstrates considerable fluctuations across the analyzed time frame. It started high at around 30% in the mid-2000s, with a peak of 38.09% in 2010, followed by a decline to as low as 7.31% in 2017. Post-2017, ROE recovered substantially, achieving peak levels near 47% in 2019, and then stabilizing in the low 40% range through to 2024.

Net Income Trends
Net income shows a growth trend until 2010, followed by volatility and a severe dip in 2017. Since then, there is a recovery trend with values stabilizing at historically high levels near 10,000 million USD.
Equity Fluctuations
Equity increased notably before 2013, then experienced a decline until 2016. Subsequently, it rebounded and stabilized, although not surpassing previous peak values.
Return on Equity (ROE) Dynamics
ROE values correspond with net income trends, peaking twice around 2010 and 2019, with a marked drop in 2017. The recovery after 2017 suggests improving profitability relative to shareholder equity.

Overall, the data indicates that the company experienced cyclical changes in profitability and equity, with a notable dip around 2017 followed by a recovery phase. The alignment of net income and ROE trends suggests efficiency improvements in generating returns on equity post-2017. Equity trends reflect some challenges in capital base management during the mid-2010s, but a subsequent stabilization indicates corrective measures or improvements in financial structure.


Comparison to Competitors

Coca-Cola Co., ROE, 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)