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Coca-Cola Consolidated (Coca-Cola Consolidated) EBIT : $741 Mil (TTM As of Dec. 2023)


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What is Coca-Cola Consolidated EBIT?

Coca-Cola Consolidated's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $274 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $741 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coca-Cola Consolidated's annualized ROC % for the quarter that ended in Dec. 2023 was 17.60%. Coca-Cola Consolidated's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 73.97%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coca-Cola Consolidated's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.49%.


Coca-Cola Consolidated EBIT Historical Data

The historical data trend for Coca-Cola Consolidated's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coca-Cola Consolidated EBIT Chart

Coca-Cola Consolidated Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.22 277.78 288.60 599.88 721.66

Coca-Cola Consolidated Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 159.34 162.13 166.11 138.94 273.95

Competitive Comparison of Coca-Cola Consolidated's EBIT

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Consolidated's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coca-Cola Consolidated's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Consolidated's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Coca-Cola Consolidated's EV-to-EBIT falls into.



Coca-Cola Consolidated EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $741 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Coca-Cola Consolidated  (NAS:COKE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Coca-Cola Consolidated's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=731.068 * ( 1 - 32.62% )/( (2805.451 + 2793.63)/ 2 )
=492.5936184/2799.5405
=17.60 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4141.282 - 719.614 - ( 616.217 - max(0, 907.833 - 1676.475+616.217))
=2805.451

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4288.942 - 881.518 - ( 635.269 - max(0, 1091.334 - 1705.128+635.269))
=2793.63

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Coca-Cola Consolidated's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1095.804/( ( (1333.674 + max(180.939, 0)) + (1448.056 + max(-112.263, 0)) )/ 2 )
=1095.804/( ( 1514.613 + 1448.056 )/ 2 )
=1095.804/1481.3345
=73.97 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(648.548 + 320.401 + 91.309) - (719.614 + 0 + 159.705)
=180.939

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(539.873 + 321.932 + 88.585) - (881.518 + 0 + 181.135)
=-112.263

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Coca-Cola Consolidated's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=741.128/7809.171
=9.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Coca-Cola Consolidated EBIT Related Terms

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Coca-Cola Consolidated (Coca-Cola Consolidated) Business Description

Traded in Other Exchanges
Address
4100 Coca-Cola Plaza, Charlotte, NC, USA, 28211
Coca-Cola Consolidated Inc sells nonalcoholic beverage products in the United States. The company purchases concentrate and syrups from other beverage manufacturers under a license, then produces, packages, markets, and distributes the beverages to retailers. The company's primary licensor is Coca-Cola Co., which generally allows it to exclusively market, produce, and distribute Coca-Cola products in specified parts of the U.S.: North Carolina, South Carolina, West Virginia, and parts of Alabama, Georgia, Tennessee, Virginia, Indiana, and Kentucky. The company manages its business in two operating segments. Nonalcoholic Beverages segment which represents the majority of the company's revenues and All Other segments.
Executives
Coventry Elaine Moyese Bowers director 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Nathaniel Brent Tollison officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Christine Ann Motherwell officer: SVP, Human Resources 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Matthew Joseph Blickley officer: SVP, Financial Planning & CAO 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Donell W Etheridge officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Jeffrey L Turney officer: See Remarks 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Murrey John W Iii director 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fredrick Scott Anthony officer: SVP, Treasurer 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Richard Tyrone Williams director HOMETRUST BANCSHARES, INC., 10 WOODFIN STREET, ASHEVILLE NC 28801
Jennifer K Mann director THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313
James L Matte officer: SVP, Human Resources 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Fisher E Beauregarde Iii officer: EVP, General Counsel 4100 COCA-COLA PLAZA, CHARLOTTE NC 28211
Wells Sue Anne H. director 1219 CARTER LAKE ROAD, CHATTANOOGA TN 37405
Deal Clifford M Iii officer: SVP and CFO 4100 COCA COLA PLAZA, CHARLOTTE NC 28211
Helvey James Relerford Iii director 100 PIKE WAY, MOUNT AIRY NC 27030