Coca-Cola Co (WBO:KO) ROCE % : 15.55% (As of Dec. 2023)

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What is Coca-Cola Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Coca-Cola Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.55%.

Coca-Cola Co ROCE % Historical Data

The historical data trend for Coca-Cola Co's ROCE % 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.

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Coca-Cola Co ROCE % Chart

Coca-Cola Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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20.84

16.24

19.76

17.60

19.39

Coca-Cola Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															15.05	23.94	17.44	21.34	15.55

Coca-Cola Co ROCE % Calculation

Coca-Cola Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	13277.243	/	( ( (87568.272 - 18619.456)	+	(89593.651 - 21614.607) )	/ 2 )
	=	13277.243	/	( (68948.816	+	67979.044)	/ 2 )
	=	13277.243	/	68463.93
	=	19.39 %

Coca-Cola Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	10618.86	/	( ( (91430.586 - 22871.233)	+	(89593.651 - 21614.607) )	/ 2 )
	=	10618.86	/	( ( 68559.353	+	67979.044 )	/ 2 )
	=	10618.86	/	68269.1985
	=	15.55 %

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

Coca-Cola Co (WBO:KO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Coca-Cola Co ROCE % Related Terms

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Coca-Cola Co (WBO:KO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Co (WBO:KO) » Definitions » ROCE %

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Address

One Coca-Cola Plaza, Atlanta, GA, USA, 30313

Website

https://www.coca-colacompany.com

Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenues overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.