Coca-Cola FemsaB de CV (FRA:CFS1) ROCE % : 13.20% (As of Dec. 2023)

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What is Coca-Cola FemsaB de CV 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. Coca-Cola FemsaB de CV's annualized ROCE % for the quarter that ended in Dec. 2023 was 13.20%.

Coca-Cola FemsaB de CV ROCE % Historical Data

The historical data trend for Coca-Cola FemsaB de CV'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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Coca-Cola FemsaB de CV ROCE % Chart

Coca-Cola FemsaB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.17

9.76

12.61

14.27

16.01

Coca-Cola FemsaB de CV 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															12.95	15.52	16.70	17.90	13.20

Coca-Cola FemsaB de CV ROCE % Calculation

Coca-Cola FemsaB de CV'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 )
	=	1798.156	/	( ( (13460.57 - 2806.434)	+	(14776.374 - 2966.728) )	/ 2 )
	=	1798.156	/	( (10654.136	+	11809.646)	/ 2 )
	=	1798.156	/	11231.891
	=	16.01 %

Coca-Cola FemsaB de CV'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 )
	=	1544.844	/	( ( (14772.186 - 3170.886)	+	(14776.374 - 2966.728) )	/ 2 )
	=	1544.844	/	( ( 11601.3	+	11809.646 )	/ 2 )
	=	1544.844	/	11705.473
	=	13.20 %

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

Coca-Cola FemsaB de CV (FRA:CFS1) 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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Coca-Cola FemsaB de CV (FRA:CFS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Femsa SAB de CV (FRA:CFS1) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

COCSF:USA KOF:USA KOFUBL:Mexico CFS5:Germany KOF:Argentina

Address

Calle Mario Pani Number 100, Santa Fe Cuajimalpa, Cuajimalpa de Morelos, Ciudad de Mexico, DF, MEX, 05348

Website

https://www.coca-colafemsa.com

Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of wide-moat Coca-Cola in unit case volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through on-trade and off-trade channels, including retailers and food-service providers. Mexico and Brazil make up 80% of total sales for Coca-Cola Femsa, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Parent Femsa and Coca-Cola hold 47% and 28% of economic interests in Coca-Cola Femsa, through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the respective voting rights.

Coca-Cola FemsaB de CV (FRA:CFS1) Headlines

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