• Coca-Cola Consolidated average return on tangible equity for 2023 was 327.92, a 214.25% decline from 2022.
• Coca-Cola Consolidated average return on tangible equity for 2022 was -287.02, a 486.59% decline from 2021.
• Coca-Cola Consolidated average return on tangible equity for 2021 was -48.93, a 196.73% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.