Coca Cola Operating Income vs Direct Expenses Analysis

KO
 Stock
  

USD 65.03  0.53  0.82%   

Coca Cola financial indicator trend analysis is way more than just evaluating Coca-Cola prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Coca-Cola is a good investment. Please check the relationship between Coca Cola Operating Income and its Direct Expenses accounts. Please see Stocks Correlation.

Operating Income vs Direct Expenses

Operating Income vs Direct Expenses Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Coca-Cola Operating Income account and Direct Expenses. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Coca Cola's Operating Income and Direct Expenses is 0.4. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Direct Expenses in the same time period over historical financial statements of Coca-Cola, assuming nothing else is changed. The correlation between historical values of Coca Cola's Operating Income and Direct Expenses is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Coca-Cola are associated (or correlated) with its Direct Expenses. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Direct Expenses has no effect on the direction of Operating Income i.e., Coca Cola's Operating Income and Direct Expenses go up and down completely randomly.

Correlation Coefficient

0.4
Relationship DirectionPositive 
Relationship StrengthWeak

Operating Income

Operating Income is the amount of profit realized from Coca-Cola operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Coca-Cola is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of Interest Expense; Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.

Direct Expenses

Most indicators from Coca Cola fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Coca-Cola current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please see Stocks Correlation.Coca Cola Enterprise Value over EBITDA is quite stable at the moment as compared to the past year. The company's current value of Enterprise Value over EBITDA is estimated at 20.30
 2019 2020 2021 2022 (projected)
Consolidated Income8.98 B7.77 B9.8 B8.29 B
Direct Expenses14.62 B13.43 B15.36 B17.18 B

Coca Cola fundamental ratios Correlations

0.130.560.34-0.510.67-0.45-0.11-0.350.150.170.70.77-0.1-0.28-0.030.09-0.290.20.520.18-0.020.360.07
0.13-0.54-0.140.29-0.350.47-0.70.47-0.830.880.180.14-0.79-0.4-0.85-0.720.44-0.81-0.390.840.91-0.640.84
0.56-0.540.5-0.660.87-0.680.43-0.760.76-0.50.580.550.41-0.180.550.64-0.620.790.92-0.52-0.670.74-0.58
0.34-0.140.50.040.650.010.61-0.410.58-0.170.430.420.410.150.420.73-0.160.60.68-0.32-0.460.27-0.04
-0.510.29-0.660.04-0.730.890.140.65-0.290.25-0.64-0.730.020.55-0.15-0.080.66-0.35-0.60.130.29-0.80.49
0.67-0.350.870.65-0.73-0.670.32-0.760.64-0.310.770.830.28-0.280.420.57-0.60.690.93-0.32-0.540.79-0.39
-0.450.47-0.680.010.89-0.67-0.080.62-0.430.51-0.41-0.61-0.280.24-0.42-0.280.6-0.49-0.550.40.48-0.860.71
-0.11-0.70.430.610.140.32-0.08-0.210.8-0.79-0.28-0.160.940.70.910.95-0.030.770.38-0.82-0.840.42-0.57
-0.350.47-0.76-0.410.65-0.760.62-0.21-0.730.35-0.61-0.51-0.190.44-0.36-0.440.95-0.76-0.80.420.61-0.590.51
0.15-0.830.760.58-0.290.64-0.430.8-0.73-0.770.130.130.780.250.860.9-0.610.990.71-0.82-0.960.63-0.72
0.170.88-0.5-0.170.25-0.310.51-0.790.35-0.770.320.13-0.91-0.49-0.95-0.790.27-0.77-0.350.950.89-0.680.94
0.70.180.580.43-0.640.77-0.41-0.28-0.610.130.320.88-0.37-0.72-0.23-0.01-0.520.190.720.260.030.360.14
0.770.140.550.42-0.730.83-0.61-0.16-0.510.130.130.88-0.15-0.5-0.050.1-0.390.210.680.13-0.030.58-0.03
-0.1-0.790.410.410.020.28-0.280.94-0.190.78-0.91-0.37-0.150.740.980.9-0.060.760.31-0.91-0.860.54-0.74
-0.28-0.4-0.180.150.55-0.280.240.70.440.25-0.49-0.72-0.50.740.580.50.50.2-0.28-0.48-0.370.0-0.22
-0.03-0.850.550.42-0.150.42-0.420.91-0.360.86-0.95-0.23-0.050.980.580.92-0.240.850.45-0.94-0.930.65-0.84
0.09-0.720.640.73-0.080.57-0.280.95-0.440.9-0.79-0.010.10.90.50.92-0.240.890.63-0.85-0.90.58-0.64
-0.290.44-0.62-0.160.66-0.60.6-0.030.95-0.610.27-0.52-0.39-0.060.5-0.24-0.24-0.64-0.60.30.51-0.50.47
0.2-0.810.790.6-0.350.69-0.490.77-0.760.99-0.770.190.210.760.20.850.89-0.640.74-0.81-0.950.67-0.73
0.52-0.390.920.68-0.60.93-0.550.38-0.80.71-0.350.720.680.31-0.280.450.63-0.60.74-0.45-0.580.69-0.43
0.180.84-0.52-0.320.13-0.320.4-0.820.42-0.820.950.260.13-0.91-0.48-0.94-0.850.3-0.81-0.450.89-0.60.89
-0.020.91-0.67-0.460.29-0.540.48-0.840.61-0.960.890.03-0.03-0.86-0.37-0.93-0.90.51-0.95-0.580.89-0.690.83
0.36-0.640.740.27-0.80.79-0.860.42-0.590.63-0.680.360.580.540.00.650.58-0.50.670.69-0.6-0.69-0.76
0.070.84-0.58-0.040.49-0.390.71-0.570.51-0.720.940.14-0.03-0.74-0.22-0.84-0.640.47-0.73-0.430.890.83-0.76
Click cells to compare fundamentals

Coca Cola Account Relationship Matchups

Coca Cola fundamental ratios Accounts

201720182019202020212022 (projected)
Inventories2.65 B2.77 B3.38 B3.27 B3.41 B3.08 B
Receivables3.67 B3.4 B3.97 B3.14 B3.51 B4.21 B
Accounts Payable2.37 B2.58 B3.96 B3.67 B4.6 B3.64 B
Accumulated Other Comprehensive Income(10.3 B)(12.81 B)(13.54 B)(14.6 B)(14.33 B)(15.46 B)
Total Assets87.9 B83.22 B86.38 B87.3 B94.35 B100.43 B
Current Assets36.55 B24.93 B20.41 B19.24 B22.55 B23.78 B
Assets Non Current51.35 B58.29 B65.97 B68.06 B71.81 B72.19 B
Cash and Equivalents15.36 B11.1 B7.95 B8.57 B10.93 B11.5 B
Cash and Equivalents USD15.36 B11.1 B7.95 B8.57 B10.93 B11.5 B
Total Debt47.69 B44.21 B42.76 B42.79 B42.76 B46.19 B
Debt Current16.5 B18.84 B15.25 B2.67 B4.64 B4.77 B
Debt Non Current31.18 B25.38 B27.52 B40.12 B38.12 B35.16 B
Total Debt USD47.69 B44.21 B42.76 B42.79 B42.76 B46.19 B
Shareholders Equity17.07 B16.98 B18.98 B19.3 B23 B22.51 B
Shareholders Equity USD17.07 B16.98 B18.98 B19.3 B23 B22.51 B
Goodwill and Intangible Assets16.64 B21.59 B26.77 B28.55 B34.61 B33.08 B
Inventory2.65 B3.07 B3.38 B3.27 B3.41 B3.59 B
Investments27.27 B25.29 B23.11 B22.43 B20.11 B21.83 B
Investments Current5.32 B5.01 B3.23 B2.35 B1.7 B1.74 B
Investments Non Current21.95 B20.28 B19.88 B20.09 B18.42 B19.04 B
Total Liabilities68.92 B64.16 B65.28 B66.01 B69.49 B72.43 B
Current Liabilities27.19 B28.78 B26.97 B14.6 B19.95 B21.34 B
Liabilities Non Current41.73 B35.38 B38.31 B51.41 B49.54 B47.02 B
Trade and Non Trade Payables8.75 B9.53 B11.31 B11.14 B14.62 B13.54 B
Property Plant and Equipment Net8.2 B9.6 B10.84 B10.78 B9.92 B10.26 B
Trade and Non Trade Receivables3.67 B3.69 B3.97 B3.14 B3.51 B3.56 B
Accumulated Retained Earnings Deficit60.43 B63.23 B65.86 B66.56 B69.09 B72.81 B
Tax Liabilities2.93 B2.77 B2.7 B2.62 B3.51 B3.63 B

Coca Cola Investors Sentiment

The influence of Coca Cola's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Coca Cola. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Coca Cola's public news can be used to forecast risks associated with investment in Coca Cola. The trend in average sentiment can be used to explain how an investor holding Coca Cola can time the market purely based on public headlines and social activities around Coca-Cola. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Coca Cola's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Coca Cola's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Coca Cola's news discussions. The higher the estimate score, the more favorable is the investor's outlook on Coca Cola.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coca Cola in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coca Cola's short interest history, or implied volatility extrapolated from Coca Cola options trading.

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Please see Stocks Correlation. Note that the Coca-Cola information on this page should be used as a complementary analysis to other Coca Cola's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Coca-Cola price analysis, check to measure Coca Cola's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coca Cola is operating at the current time. Most of Coca Cola's value examination focuses on studying past and present price action to predict the probability of Coca Cola's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coca Cola's price. Additionally, you may evaluate how the addition of Coca Cola to your portfolios can decrease your overall portfolio volatility.
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Is Coca Cola's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coca Cola. If investors know Coca Cola will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coca Cola listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.28
Market Capitalization
275.5 B
Quarterly Revenue Growth YOY
0.12
Return On Assets
0.081
Return On Equity
0.39
The market value of Coca-Cola is measured differently than its book value, which is the value of Coca Cola that is recorded on the company's balance sheet. Investors also form their own opinion of Coca Cola's value that differs from its market value or its book value, called intrinsic value, which is Coca Cola's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coca Cola's market value can be influenced by many factors that don't directly affect Coca Cola's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coca Cola's value and its price as these two are different measures arrived at by different means. Investors typically determine Coca Cola value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coca Cola's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.