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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Coca-Cola Co's Goodwill for the quarter that ended in Mar. 2024 was $18,210 Mil. Coca-Cola Co's Total Assets for the quarter that ended in Mar. 2024 was $99,392 Mil. Therefore, Coca-Cola Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.18.
The historical data trend for Coca-Cola Co's Goodwill-to-Asset 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.
Coca-Cola Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.19 | 0.20 | 0.21 | 0.20 | 0.19 |
Coca-Cola Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.19 | 0.19 | 0.19 | 0.19 | 0.18 |
For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset 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.
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Co's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Coca-Cola Co's Goodwill-to-Asset falls into.
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
Coca-Cola Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Goodwill to Asset (A: Dec. 2023 ) | = | Goodwill | / | Total Assets |
= | 18358 | / | 97703 | |
= | 0.19 |
Coca-Cola Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Goodwill to Asset (Q: Mar. 2024 ) | = | Goodwill | / | Total Assets |
= | 18210 | / | 99392 | |
= | 0.18 |
* 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 Co (NYSE:KO) Goodwill-to-Asset Explanation
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Thank you for viewing the detailed overview of Coca-Cola Co's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
James Quincey | other: Group President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Henrique Braun | other: Operating Unit President | C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Beatriz R Perez | officer: Senior Vice President | ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Monica Howard Douglas | officer: SVP & General Counsel | 535 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022 |
John Murphy | other: Group President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Thomas Sinnickson Gayner | director | C/O MARKEL CORP, 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA 23060 |
Amity Millhiser | director | C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Manuel Arroyo | other: Group President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Nikolaos Koumettis | other: Group President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Nancy Quan | officer: Senior Vice President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Erin L May | officer: Vice President & Controller | C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Bruno Pietracci | other: President, Latin America OU | C/O THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Brian John Smith | other: Group President | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Mark Randazza | officer: Principal Accounting Officer | THE COCA-COLA COMPANY, ONE COCA-COLA PLAZA, ATLANTA GA 30313 |
Allen Herbert A Iii | director | ALLEN & COMPANY LLC, 711 FIFTH AVENUE, NEW YORK NY 10022 |
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