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Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) ROE %

: 17.17% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Coca-Cola FemsaB de CV's annualized net income for the quarter that ended in Dec. 2023 was $1,254 Mil. Coca-Cola FemsaB de CV's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $7,308 Mil. Therefore, Coca-Cola FemsaB de CV's annualized ROE % for the quarter that ended in Dec. 2023 was 17.17%.

The historical rank and industry rank for Coca-Cola FemsaB de CV's ROE % or its related term are showing as below:

KOF' s ROE % Range Over the Past 10 Years
Min: -10.81   Med: 9.55   Max: 16.49
Current: 16.13

During the past 13 years, Coca-Cola FemsaB de CV's highest ROE % was 16.49%. The lowest was -10.81%. And the median was 9.55%.

KOF's ROE % is ranked better than
63.73% of 102 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.57 vs KOF: 16.13

Coca-Cola FemsaB de CV ROE % Historical Data

The historical data trend for Coca-Cola FemsaB de CV's ROE % 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.

* Premium members only.

Coca-Cola FemsaB de CV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.96 8.36 12.98 15.80 16.54

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
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.47 13.51 16.81 17.69 17.17

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, Coca-Cola FemsaB de CV's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coca-Cola FemsaB de CV ROE % Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola FemsaB de CV's ROE % distribution charts can be found below:

* The bar in red indicates where Coca-Cola FemsaB de CV's ROE % falls into.



Coca-Cola FemsaB de CV ROE % Calculation

Coca-Cola FemsaB de CV's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=1150.92/( (6431.319+7483.395)/ 2 )
=1150.92/6957.357
=16.54 %

Coca-Cola FemsaB de CV's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=1254.372/( (7131.795+7483.395)/ 2 )
=1254.372/7307.595
=17.17 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Coca-Cola FemsaB de CV  (NYSE:KOF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1254.372/7307.595
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1254.372 / 15013.804)*(15013.804 / 15939.614)*(15939.614 / 7307.595)
=Net Margin %*Asset Turnover*Equity Multiplier
=8.35 %*0.9419*2.1812
=ROA %*Equity Multiplier
=7.86 %*2.1812
=17.17 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1254.372/7307.595
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1254.372 / 1894.164) * (1894.164 / 2313.624) * (2313.624 / 15013.804) * (15013.804 / 15939.614) * (15939.614 / 7307.595)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6622 * 0.8187 * 15.41 % * 0.9419 * 2.1812
=17.17 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Coca-Cola FemsaB de CV ROE % Related Terms

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Coca-Cola FemsaB de CV (Coca-Cola FemsaB de CV) Business Description

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