Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Coca-Cola Co., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
| 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 Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Coca-Cola Co. total asset turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Coca-Cola Co. equity turnover ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Net Fixed Asset Turnover
Coca-Cola Co., net fixed asset turnover calculation (quarterly data)
| Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net operating revenues | 10,849) | 11,953) | 11,972) | 10,980) | 10,125) | 11,063) | 11,325) | 10,491) | 9,464) | 10,042) | 10,129) | 9,020) | 8,611) | 8,652) | 7,150) | 8,601) | 9,068) | 9,507) | 9,997) | 8,694) | ||||||
| Property, plant and equipment, less accumulated depreciation | 9,236) | 8,860) | 9,706) | 9,848) | 9,841) | 9,243) | 9,462) | 9,784) | 9,920) | 10,058) | 10,547) | 10,673) | 10,777) | 10,667) | 10,695) | 10,993) | 10,838) | 10,217) | 10,254) | 8,866) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Net fixed asset turnover1 | 4.95 | 5.08 | 4.55 | 4.42 | 4.37 | 4.58 | 4.37 | 4.10 | 3.90 | 3.76 | 3.45 | 3.13 | 3.06 | 3.14 | 3.21 | 3.38 | 3.44 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Altria Group Inc. | 14.82 | 15.11 | 15.31 | 15.65 | 15.61 | 15.90 | 16.36 | 16.72 | 16.75 | 17.17 | 13.66 | 13.03 | 13.00 | 12.87 | 12.78 | 12.94 | 12.56 | — | — | — | ||||||
| Mondelēz International Inc. | 3.72 | 3.87 | 3.67 | 3.60 | 3.49 | 3.53 | 3.41 | 3.24 | 3.32 | 3.27 | 3.14 | 3.09 | 2.94 | 3.07 | 3.09 | 3.23 | 2.96 | — | — | — | ||||||
| PepsiCo Inc. | 3.38 | 3.69 | 3.68 | 3.63 | 3.56 | 3.67 | 3.61 | 3.67 | 3.55 | 3.61 | 3.45 | 3.36 | 3.29 | 3.48 | 3.53 | 3.59 | 3.48 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q4 2023 Calculation
Net fixed asset turnover
= (Net operating revenuesQ4 2023
+ Net operating revenuesQ3 2023
+ Net operating revenuesQ2 2023
+ Net operating revenuesQ1 2023)
÷ Property, plant and equipment, less accumulated depreciation
= (10,849 + 11,953 + 11,972 + 10,980)
÷ 9,236 = 4.95
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 Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Total Asset Turnover
Coca-Cola Co., total asset turnover calculation (quarterly data)
| Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net operating revenues | 10,849) | 11,953) | 11,972) | 10,980) | 10,125) | 11,063) | 11,325) | 10,491) | 9,464) | 10,042) | 10,129) | 9,020) | 8,611) | 8,652) | 7,150) | 8,601) | 9,068) | 9,507) | 9,997) | 8,694) | ||||||
| Total assets | 97,703) | 97,578) | 98,456) | 97,404) | 92,763) | 92,471) | 93,169) | 94,064) | 94,354) | 90,606) | 90,194) | 89,993) | 87,296) | 97,184) | 94,689) | 94,013) | 86,381) | 87,433) | 89,996) | 88,347) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Total asset turnover1 | 0.47 | 0.46 | 0.45 | 0.45 | 0.46 | 0.46 | 0.44 | 0.43 | 0.41 | 0.42 | 0.40 | 0.37 | 0.38 | 0.34 | 0.36 | 0.40 | 0.43 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Altria Group Inc. | 0.63 | 0.68 | 0.67 | 0.68 | 0.68 | 0.74 | 0.69 | 0.64 | 0.66 | 0.66 | 0.59 | 0.53 | 0.55 | 0.55 | 0.51 | 0.49 | 0.51 | — | — | — | ||||||
| Mondelēz International Inc. | 0.50 | 0.50 | 0.47 | 0.45 | 0.44 | 0.45 | 0.45 | 0.43 | 0.43 | 0.42 | 0.42 | 0.41 | 0.39 | 0.40 | 0.40 | 0.41 | 0.40 | — | — | — | ||||||
| PepsiCo Inc. | 0.91 | 0.92 | 0.94 | 0.95 | 0.94 | 0.89 | 0.88 | 0.87 | 0.86 | 0.82 | 0.81 | 0.78 | 0.76 | 0.74 | 0.76 | 0.80 | 0.86 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q4 2023 Calculation
Total asset turnover
= (Net operating revenuesQ4 2023
+ Net operating revenuesQ3 2023
+ Net operating revenuesQ2 2023
+ Net operating revenuesQ1 2023)
÷ Total assets
= (10,849 + 11,953 + 11,972 + 10,980)
÷ 97,703 = 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Equity Turnover
Coca-Cola Co., equity turnover calculation (quarterly data)
| Dec 31, 2023 | Sep 29, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jul 1, 2022 | Apr 1, 2022 | Dec 31, 2021 | Oct 1, 2021 | Jul 2, 2021 | Apr 2, 2021 | Dec 31, 2020 | Sep 25, 2020 | Jun 26, 2020 | Mar 27, 2020 | Dec 31, 2019 | Sep 27, 2019 | Jun 28, 2019 | Mar 29, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net operating revenues | 10,849) | 11,953) | 11,972) | 10,980) | 10,125) | 11,063) | 11,325) | 10,491) | 9,464) | 10,042) | 10,129) | 9,020) | 8,611) | 8,652) | 7,150) | 8,601) | 9,068) | 9,507) | 9,997) | 8,694) | ||||||
| Equity attributable to shareowners of The Coca-Cola Company | 25,941) | 26,325) | 26,013) | 25,217) | 24,105) | 22,805) | 23,005) | 24,845) | 22,999) | 22,179) | 22,249) | 20,355) | 19,299) | 18,607) | 17,484) | 18,158) | 18,981) | 18,713) | 18,181) | 17,735) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Equity turnover1 | 1.76 | 1.71 | 1.70 | 1.72 | 1.78 | 1.86 | 1.80 | 1.62 | 1.68 | 1.70 | 1.64 | 1.64 | 1.71 | 1.80 | 1.96 | 2.05 | 1.96 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | 8.11 | 8.87 | 9.21 | 8.24 | 4.50 | 3.95 | 4.04 | — | — | — | ||||||
| Mondelēz International Inc. | 1.27 | 1.24 | 1.19 | 1.17 | 1.17 | 1.14 | 1.09 | 1.04 | 1.02 | 1.02 | 1.01 | 1.00 | 0.96 | 0.97 | 0.99 | 1.01 | 0.95 | — | — | — | ||||||
| PepsiCo Inc. | 4.94 | 4.87 | 5.10 | 5.17 | 5.04 | 4.41 | 4.41 | 4.44 | 4.95 | 4.83 | 4.88 | 5.11 | 5.23 | 5.08 | 5.42 | 5.06 | 4.54 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-25), 10-Q (reporting date: 2020-06-26), 10-Q (reporting date: 2020-03-27), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-27), 10-Q (reporting date: 2019-06-28), 10-Q (reporting date: 2019-03-29).
1 Q4 2023 Calculation
Equity turnover
= (Net operating revenuesQ4 2023
+ Net operating revenuesQ3 2023
+ Net operating revenuesQ2 2023
+ Net operating revenuesQ1 2023)
÷ Equity attributable to shareowners of The Coca-Cola Company
= (10,849 + 11,953 + 11,972 + 10,980)
÷ 25,941 = 1.76
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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |