Anheuser-Busch InBev/NV (FRA:1NBA) ROCE %

: 7.93% (As of Dec. 2023)

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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. Anheuser-Busch InBev/NV's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.93%.

Anheuser-Busch InBev/NV ROCE % Historical Data

The historical data trend for Anheuser-Busch InBev/NV'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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Anheuser-Busch InBev/NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

8.92

3.24

7.04

7.97

7.50

Anheuser-Busch InBev/NV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %																9.70	8.11	4.93	8.09	7.93

Anheuser-Busch InBev/NV ROCE % Calculation

Anheuser-Busch InBev/NV'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 )
	=	12579.406	/	( ( (201018.192 - 32457.552)	+	(201134.78 - 34072.052) )	/ 2 )
	=	12579.406	/	( (168560.64	+	167062.728)	/ 2 )
	=	12579.406	/	167811.684
	=	7.50 %

Anheuser-Busch InBev/NV'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 )
	=	13248.816	/	( ( (0 - 0)	+	(201134.78 - 34072.052) )	/ 1 )
	=	13248.816	/	( ( 0	+	167062.728 )	/ 1 )
	=	13248.816	/	167062.728
	=	7.93 %

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

Anheuser-Busch InBev/NV (FRA:1NBA) 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.

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Anheuser-Busch InBev/NV (FRA:1NBA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Anheuser-Busch InBev SA/NV (FRA:1NBA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ANH:South Africa BUDFF:USA BUD:USA ANB:Mexico ABI:Italy 0A22:UK ABIb:UK 0RJI:UK 1NBA:Germany ABUD34:Brazil ABI:Belgium ABIN:Austria

Address

Brouwerijplein 1, Leuven, BEL, 3000

Website

https://www.ab-inbev.com

Anheuser-Busch InBev is the largest brewer in the world and one of the world's top five consumer product companies, as measured by EBITDA. The company's portfolio contains six of the top 10 beer brands by volume, according to Euromonitor, and we estimate it distributes 23 brands with retail sales over $1 billion. AB InBev was created by the 2008 merger of Belgium-based InBev and U.S.-based Anheuser-Busch. The firm holds a 62% economic interest in Ambev and in 2016 it acquired SABMiller.

Anheuser-Busch InBev/NV (FRA:1NBA) Headlines

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