Coca-Cola Embonor (XSGO:EMBONOR-A) ROCE % : 15.91% (As of Dec. 2023)

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What is Coca-Cola Embonor 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 Embonor's annualized ROCE % for the quarter that ended in Dec. 2023 was 15.91%.

Coca-Cola Embonor ROCE % Historical Data

The historical data trend for Coca-Cola Embonor'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 Embonor ROCE % Chart

Coca-Cola Embonor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.59

11.88

16.69

16.18

13.15

Coca-Cola Embonor Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															12.75	19.77	6.61	10.03	15.91

Coca-Cola Embonor ROCE % Calculation

Coca-Cola Embonor'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 )
	=	114781.469	/	( ( (1123656.996 - 292987.337)	+	(1260096.272 - 345091.27) )	/ 2 )
	=	114781.469	/	( (830669.659	+	915005.002)	/ 2 )
	=	114781.469	/	872837.3305
	=	13.15 %

Coca-Cola Embonor'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 )
	=	146391.916	/	( ( (1224464.758 - 298840.343)	+	(1260096.272 - 345091.27) )	/ 2 )
	=	146391.916	/	( ( 925624.415	+	915005.002 )	/ 2 )
	=	146391.916	/	920314.7085
	=	15.91 %

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

Coca-Cola Embonor (XSGO:EMBONOR-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.

Coca-Cola Embonor ROCE % Related Terms

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Coca-Cola Embonor (XSGO:EMBONOR-A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Embonor SA (XSGO:EMBONOR-A) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

EMBONOR-B:Chile

Address

Avenida El Golf 40, Floor 4, Las Condes, Santiago, CHL

Website

https://www.embonor.cl

Coca-Cola Embonor SA is a bottler of alcoholic and nonalcoholic beverages, including carbonated soft drinks, juice, water, tea, coffee, energy drinks, and sports drinks. The company has an exclusive license to sell Coca-Cola products in various regions of Chile and almost all regions of Bolivia. Coca-Cola Embonor also has minority interests in Vital Jugos SA, which bottles Vital and Benedictine mineral water, and Envases, which produces aluminum and plastic packaging for soft drinks, water, juice, and dairy.

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