United Breweries (BOM:532478) ROCE % : 11.76% (As of Dec. 2023)

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What is United Breweries 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. United Breweries's annualized ROCE % for the quarter that ended in Dec. 2023 was 11.76%.

United Breweries ROCE % Historical Data

The historical data trend for United Breweries'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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United Breweries ROCE % Chart

United Breweries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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29.30

17.51

5.27

13.24

10.57

United Breweries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.68	1.45	18.20	14.38	11.76

United Breweries ROCE % Calculation

United Breweries's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	4217.4	/	( ( (59493.1 - 19746.1)	+	(62803.9 - 22774.6) )	/ 2 )
	=	4217.4	/	( (39747	+	40029.3)	/ 2 )
	=	4217.4	/	39888.15
	=	10.57 %

United Breweries'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 )
	=	4757.2	/	( ( (63721.9 - 23268.1)	+	(0 - 0) )	/ 1 )
	=	4757.2	/	( ( 40453.8	+	0 )	/ 1 )
	=	4757.2	/	40453.8
	=	11.76 %

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

United Breweries (BOM:532478) 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.

United Breweries ROCE % Related Terms

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United Breweries (BOM:532478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Breweries Ltd (BOM:532478) » Definitions » ROCE %

Traded in Other Exchanges

UBL:India

Address

No. 24 Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560 001

Website

https://www.unitedbreweries.com

United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand for sale worldwide. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaroo, and London Pilsner. United Breweries also sells the Heineken brand in India.

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