Coca-Cola Co (LIM:KO) EBIT : $14,308 Mil (TTM As of Mar. 2024)

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What is Coca-Cola Co EBIT?

Coca-Cola Co's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $4,254 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $14,308 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coca-Cola Co's annualized ROC % for the quarter that ended in Mar. 2024 was 15.47%. Coca-Cola Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 183.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coca-Cola Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 4.78%.

Coca-Cola Co EBIT Historical Data

The historical data trend for Coca-Cola Co'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 Co EBIT Chart

Coca-Cola Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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11,732.00

11,186.00

14,022.00

12,568.00

14,479.00

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
EBIT	Get a 7-Day Free Trial															4,425.00	3,254.00	3,905.00	2,895.00	4,254.00

Competitive Comparison of Coca-Cola Co's EBIT

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Co'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 Co's EV-to-EBIT Distribution in the Beverages - Non-Alcoholic Industry

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

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

Coca-Cola Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14,308 Mil.

Coca-Cola Co (LIM:KO) EBIT Explanation

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

Coca-Cola Co's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	14696 * ( 1 - 17.74% )	/	( (78882	+	77376)	/ 2 )
=	12088.9296	/	78129
=	15.47 %

where

	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	))
=	97703	-	15660	-	( 13663	-	max(0, 23571	-	26732	+	13663	))
=	78882

	Invested Capital		(Q: Mar. 2024 )
=	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	))
=	99392	-	20910	-	( 16919	-	max(0, 28356	-	29462	+	16919	))
=	77376

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Coca-Cola Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	17016	/	( ( (9236 + max(-3985, 0))	+	(9306 + max(-8367, 0)) )	/	2 )
=	17016	/	( ( 9236	+	9306 )	/	2 )
=	17016	/	9271
=	183.54 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(3410	+	4424	+	5235)	-	(15660	+	0	+	1394)
=	-3985

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(4244	+	4961	+	3338)	-	(20910	+	0	+	0)
=	-8367

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

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

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

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	14308	/	299530.798
	=	4.78 %

Coca-Cola Co EBIT Related Terms

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Coca-Cola Co (LIM:KO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KO:USA KO:Mexico 1KO:Italy CCC3d:UK 0QZK:UK CCC3:Germany KO:Chile COLA:Canada COCA34:Brazil KO:Austria KO:Argentina

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.