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, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States 4.41 3.80 2.83 2.88 2.73
International 4.35 3.95 3.20 3.77 5.03

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
International International area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Area Asset Turnover: United States

Coca-Cola Co.; United States; area asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net operating revenues 15,413 13,010 11,281 11,715 11,344
Property, plant and equipment, net 3,494 3,420 3,988 4,062 4,154
Area Activity Ratio
Area asset turnover1 4.41 3.80 2.83 2.88 2.73

Based on: 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).

1 2022 Calculation
Area asset turnover = Net operating revenues ÷ Property, plant and equipment, net
= 15,413 ÷ 3,494 = 4.41

Area activity ratio Geographic area The company
Area asset turnover United States United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Area Asset Turnover: International

Coca-Cola Co.; International; area asset turnover calculation

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Net operating revenues 27,591 25,645 21,733 25,551 20,512
Property, plant and equipment, net 6,347 6,500 6,789 6,776 4,078
Area Activity Ratio
Area asset turnover1 4.35 3.95 3.20 3.77 5.03

Based on: 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).

1 2022 Calculation
Area asset turnover = Net operating revenues ÷ Property, plant and equipment, net
= 27,591 ÷ 6,347 = 4.35

Area activity ratio Geographic area The company
Area asset turnover International International area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net operating revenues

Coca-Cola Co., net operating revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States 15,413 13,010 11,281 11,715 11,344
International 27,591 25,645 21,733 25,551 20,512
Total 43,004 38,655 33,014 37,266 31,856

Based on: 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).


Property, plant and equipment, net

Coca-Cola Co., property, plant and equipment, net by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
United States 3,494 3,420 3,988 4,062 4,154
International 6,347 6,500 6,789 6,776 4,078
Total 9,841 9,920 10,777 10,838 8,232

Based on: 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).