Molson Coors Canada (TSX:TPX.B) ROCE % : 3.62% (As of Dec. 2023)

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What is Molson Coors Canada 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. Molson Coors Canada's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.62%.

Molson Coors Canada ROCE % Historical Data

The historical data trend for Molson Coors Canada'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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Molson Coors Canada ROCE % Chart

Molson Coors Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.95

-1.50

6.32

4.59

6.38

Molson Coors Canada 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															5.90	2.82	8.43	10.73	3.62

Molson Coors Canada ROCE % Calculation

Molson Coors Canada'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 )
	=	1927.074	/	( ( (35142.086 - 4585.481)	+	(35384.834 - 5490.632) )	/ 2 )
	=	1927.074	/	( (30556.605	+	29894.202)	/ 2 )
	=	1927.074	/	30225.4035
	=	6.38 %

Molson Coors Canada'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 )
	=	1087.232	/	( ( (35949.702 - 5734.032)	+	(35384.834 - 5490.632) )	/ 2 )
	=	1087.232	/	( ( 30215.67	+	29894.202 )	/ 2 )
	=	1087.232	/	30054.936
	=	3.62 %

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

Molson Coors Canada (TSX:TPX.B) 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.

Molson Coors Canada ROCE % Related Terms

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Molson Coors Canada (TSX:TPX.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Molson Coors Canada Inc (TSX:TPX.B) » Definitions » ROCE %

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Traded in Other Exchanges

TPX.A:Canada

Address

33 Carlingview Drive, Toronto, ON, CAN, M9W 5E4

Website

https://www.molsoncoors.com

Molson Coors Canada Inc is a large global brewer and distributor of beer and other malt beverages. major brands include Coors Light, Miller Lite, Molson Canadian, Carling, Staropramen, Coors Banquet, Blue Moon, Vizzy, Leinenkugel, and Creemore. Its two segments are the Americas and EMEA&APAC segments. Americas segment operates in the U.S., Canada and various countries in the Caribbean, Latin and South America and EMEA&APAC segment operates in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, the Republic of Ireland, Romania, Serbia, the U.K., various other European countries, and certain countries within the Middle East, Africa and Asia Pacific. Its breweries are located across the U.S., Canada, and Europe, with the majority of the company's revenue generated in Americas.

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