Stock Analysis on Net

Coca-Cola Co. (NYSE:KO)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

Coca-Cola Co., asset turnover by geographic area

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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).