Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Ratios (Summary)
Inventory Turnover
Receivables Turnover
Working Capital Turnover
Average Inventory Processing Period
Average Receivable Collection Period
Operating Cycle

Coca-Cola Co., short-term (operating) activity ratios (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Turnover Ratios
	Inventory turnover
	Receivables turnover
	Working capital turnover
	Average No. of Days
	Average inventory processing period
	Add: Average receivable collection period
	Operating cycle

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Coca-Cola Co.’s inventory turnover deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Coca-Cola Co.’s receivables turnover deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Coca-Cola Co.’s working capital turnover improved from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Coca-Cola Co.’s average inventory processing period deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Coca-Cola Co.’s operating cycle deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

Coca-Cola Co., inventory turnover calculation (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data (USD $ in millions)
	Cost of goods sold
	Inventories
	Ratio
	Inventory turnover¹

Q3 2018 Calculations

¹ Inventory turnover = (Cost of goods sold_{Q3 2018} + Cost of goods sold_{Q2 2018} + Cost of goods sold_{Q1 2018} + Cost of goods sold_{Q4 2017}) ÷ Inventories
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Coca-Cola Co.’s inventory turnover deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

Coca-Cola Co., receivables turnover calculation (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data (USD $ in millions)
	Net operating revenues
	Trade accounts receivable, less allowances
	Ratio
	Receivables turnover¹

Q3 2018 Calculations

¹ Receivables turnover = (Net operating revenues_{Q3 2018} + Net operating revenues_{Q2 2018} + Net operating revenues_{Q1 2018} + Net operating revenues_{Q4 2017}) ÷ Trade accounts receivable, less allowances
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Coca-Cola Co.’s receivables turnover deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

Coca-Cola Co., working capital turnover calculation (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data (USD $ in millions)
	Current assets
	Less: Current liabilities
	Working capital
	Net operating revenues
	Ratio
	Working capital turnover¹

Q3 2018 Calculations

¹ Working capital turnover = (Net operating revenues_{Q3 2018} + Net operating revenues_{Q2 2018} + Net operating revenues_{Q1 2018} + Net operating revenues_{Q4 2017}) ÷ Working capital
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Coca-Cola Co.’s working capital turnover improved from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.

Coca-Cola Co., average inventory processing period calculation (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data
	Inventory turnover
	Ratio (no. of days)
	Average inventory processing period¹

Q3 2018 Calculations

¹ Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.	Coca-Cola Co.’s average inventory processing period deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

Coca-Cola Co., average receivable collection period calculation (quarterly data)

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data
	Receivables turnover
	Ratio (no. of days)
	Average receivable collection period¹

Q3 2018 Calculations

¹ Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.

Coca-Cola Co., operating cycle calculation (quarterly data)

No. of days

		Sep 28, 2018	Jun 29, 2018	Mar 30, 2018	Dec 31, 2017	Sep 29, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jul 1, 2016	Apr 1, 2016	Dec 31, 2015	Oct 2, 2015	Jul 3, 2015	Apr 3, 2015	Dec 31, 2014	Sep 26, 2014	Jun 27, 2014	Mar 28, 2014	Dec 31, 2013	Sep 27, 2013	Jun 28, 2013	Mar 29, 2013
	Selected Financial Data
	Average inventory processing period
	Average receivable collection period
	Ratio
	Operating cycle¹

Q3 2018 Calculations

¹ Operating cycle = Average inventory processing period + Average receivable collection period
= hidden + hidden = hidden

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.	Coca-Cola Co.’s operating cycle deteriorated from Q1 2018 to Q2 2018 but then improved from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

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Coca-Cola Co. (KO)

Short-term (Operating) Activity Analysis
Quarterly Data

Ratios (Summary)

Inventory Turnover

Receivables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Coca-Cola Co. (KO)

Short-term (Operating) Activity AnalysisQuarterly Data

Ratios (Summary)

Inventory Turnover

Receivables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Short-term (Operating) Activity Analysis
Quarterly Data