Budweiser Brewing Co APAC (HKSE:01876) ROCE % : 3.80% (As of Dec. 2023)

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What is Budweiser Brewing Co APAC 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. Budweiser Brewing Co APAC's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.80%.

Budweiser Brewing Co APAC ROCE % Historical Data

The historical data trend for Budweiser Brewing Co APAC'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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Budweiser Brewing Co APAC ROCE % Chart

Budweiser Brewing Co APAC Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.51

8.26

12.23

11.11

11.75

Budweiser Brewing Co APAC Quarterly Data
	Dec17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial													15.17	3.04	-	14.96	3.80

Budweiser Brewing Co APAC ROCE % Calculation

Budweiser Brewing Co APAC'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 )
	=	10613.518	/	( ( (124535.258 - 34372.541)	+	(126784.293 - 36307.76) )	/ 2 )
	=	10613.518	/	( (90162.717	+	90476.533)	/ 2 )
	=	10613.518	/	90319.625
	=	11.75 %

Budweiser Brewing Co APAC'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 )
	=	3436.312	/	( ( (0 - 0)	+	(126784.293 - 36307.76) )	/ 1 )
	=	3436.312	/	( ( 0	+	90476.533 )	/ 1 )
	=	3436.312	/	90476.533
	=	3.80 %

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

Budweiser Brewing Co APAC (HKSE:01876) 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.

Budweiser Brewing Co APAC ROCE % Related Terms

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Budweiser Brewing Co APAC (HKSE:01876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Budweiser Brewing Co APAC Ltd (HKSE:01876) » Definitions » ROCE %

Traded in Other Exchanges

BDWBY:USA BDWBF:USA 4BB:Germany

Address

1 Matheson Street, Suites 3012-16, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.budweiserapac.com

Budweiser Brewing Company APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2022 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.

Budweiser Brewing Co APAC (HKSE:01876) Headlines

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