Embotelladora Andina (XSGO:ANDINA-A) ROCE % : 16.91% (As of Dec. 2023)

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What is Embotelladora Andina 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. Embotelladora Andina's annualized ROCE % for the quarter that ended in Dec. 2023 was 16.91%.

Embotelladora Andina ROCE % Historical Data

The historical data trend for Embotelladora Andina'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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Embotelladora Andina ROCE % Chart

Embotelladora Andina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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14.74

11.21

11.32

12.89

14.95

Embotelladora Andina 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															15.72	18.39	8.44	17.50	16.91

Embotelladora Andina ROCE % Calculation

Embotelladora Andina'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 )
	=	320781.621	/	( ( (3010700.607 - 949245.134)	+	(2921520.889 - 692871.296) )	/ 2 )
	=	320781.621	/	( (2061455.473	+	2228649.593)	/ 2 )
	=	320781.621	/	2145052.533
	=	14.95 %

Embotelladora Andina'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 )
	=	379150.156	/	( ( (2865595.251 - 611173.054)	+	(2921520.889 - 692871.296) )	/ 2 )
	=	379150.156	/	( ( 2254422.197	+	2228649.593 )	/ 2 )
	=	379150.156	/	2241535.895
	=	16.91 %

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

Embotelladora Andina (XSGO:ANDINA-A) 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.

Embotelladora Andina ROCE % Related Terms

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Embotelladora Andina (XSGO:ANDINA-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Embotelladora Andina SA (XSGO:ANDINA-A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

AKO.B:USA AKO.A:USA AKOA:Germany ANDINA-B:Chile

Address

Miraflores 9153, 7th Floor, Renca, Santiago, CHL

Website

https://www.koandina.com

Embotelladora Andina SA is a Coca-Cola bottler in Latin America that produces carbonated soft drinks, water, fruit juices, energy drinks, and sports drinks that it sells under various Coca-Cola brands. Its geographic segment includes Chile, Brazil, Argentina, and Paraguay. The company also sells non-Coca-Cola branded teas, juices, beers, and spirits.

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