San Miguel Food And Beverage (San Miguel Food And Beverage) ROCE % : 22.55% (As of Mar. 2024)

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What is San Miguel Food And Beverage 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. San Miguel Food And Beverage's annualized ROCE % for the quarter that ended in Mar. 2024 was 22.55%.

San Miguel Food And Beverage ROCE % Historical Data

The historical data trend for San Miguel Food And Beverage'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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San Miguel Food And Beverage ROCE % Chart

San Miguel Food And Beverage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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28.15

18.33

21.40

20.93

21.54

San Miguel Food And Beverage Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															22.32	20.31	19.29	22.26	22.55

San Miguel Food And Beverage ROCE % Calculation

San Miguel Food And Beverage'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 )
	=	939.661	/	( ( (5897.145 - 1564.625)	+	(6180.244 - 1789.374) )	/ 2 )
	=	939.661	/	( (4332.52	+	4390.87)	/ 2 )
	=	939.661	/	4361.695
	=	21.54 %

San Miguel Food And Beverage's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	983.28	/	( ( (6180.244 - 1789.374)	+	(6297.43 - 1968.002) )	/ 2 )
	=	983.28	/	( ( 4390.87	+	4329.428 )	/ 2 )
	=	983.28	/	4360.149
	=	22.55 %

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

San Miguel Food And Beverage (OTCPK:SMPFF) 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.

San Miguel Food And Beverage ROCE % Related Terms

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San Miguel Food And Beverage (San Miguel Food And Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » San Miguel Food And Beverage Inc (OTCPK:SMPFF) » Definitions » ROCE %

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Traded in Other Exchanges

FB:Philippines

Address

No. 100 E. Rodriguez Jr. Avenue (C-5 Road), Barangay Ugong, Pasig, PHL, 1604

Website

https://www.smfb.com.ph

San Miguel Food And Beverage Inc is a food company located in the Philippines. The company and its subsidiaries are involved in poultry and livestock operations, feeds and flour milling, dairy and coffee operations, franchising and young animal ration manufacturing and distribution. The firm sells and markets its products under B-meg, Magnolia, Monterey, San Miguel Mills, Pure foods, Hungry Juan brand names. Its operating segments include Beer and non-alcoholic beverages (NAB), Spirits, and Food. The company generates maximum revenue from Food segment.

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