In recent decades, holographic technology has made significant progress with the development of novel hologram generation methods and three-dimensional rendering devices. Nevertheless, the substantial size of holographic data presents a significant challenge to its practical applications and thus necessitates the implementation of an efficient coding solution. In this study, we evaluate the efficiency of various coding tools within the state-of-the-art video coding standard, Versatile Video Coding, for encoding video of computer-generated phase-only hologram. Specifically, we examine the coding performance of transform/in-loop filter/screen-content coding tools. Through extensive encoding experiments and various statistical analyses, we investigated the limitations of existing standard codecs that do not account for the unique signal characteristics of phase-only holograms (POHs). The effects of coding artifacts on the visual quality of numerical reconstructions rendered from compressed POHs are also analyzed in detail. These comprehensive performance evaluations will provide valuable insights for developing efficient coding strategies for POH videos.