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Grupo BimboB de CV (Grupo BimboB de CV) ROE % : 8.96% (As of Mar. 2024)


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What is Grupo BimboB de CV ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Grupo BimboB de CV's annualized net income for the quarter that ended in Mar. 2024 was $571 Mil. Grupo BimboB de CV's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $6,377 Mil. Therefore, Grupo BimboB de CV's annualized ROE % for the quarter that ended in Mar. 2024 was 8.96%.

The historical rank and industry rank for Grupo BimboB de CV's ROE % or its related term are showing as below:

BMBOY' s ROE % Range Over the Past 10 Years
Min: 6.42   Med: 9.23   Max: 42.41
Current: 9.77

During the past 13 years, Grupo BimboB de CV's highest ROE % was 42.41%. The lowest was 6.42%. And the median was 9.23%.

BMBOY's ROE % is ranked better than
62.65% of 1818 companies
in the Consumer Packaged Goods industry
Industry Median: 6.38 vs BMBOY: 9.77

Grupo BimboB de CV ROE % Historical Data

The historical data trend for Grupo BimboB 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.

Grupo BimboB de CV ROE % Chart

Grupo BimboB de CV Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.62 8.41 11.28 17.35 43.36

Grupo BimboB de CV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
ROE % Get a 7-Day Free Trial 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 108.32 14.51 15.20 15.59 8.96

Competitive Comparison of Grupo BimboB de CV's ROE %

For the Packaged Foods subindustry, Grupo BimboB 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.


Grupo BimboB de CV's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grupo BimboB de CV's ROE % distribution charts can be found below:

* The bar in red indicates where Grupo BimboB de CV's ROE % falls into.



Grupo BimboB de CV ROE % Calculation

Grupo BimboB de CV's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=2406.135/( (4733.353+6365.973)/ 2 )
=2406.135/5549.663
=43.36 %

Grupo BimboB de CV's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=571.256/( (6279.511+6474.057)/ 2 )
=571.256/6376.784
=8.96 %

* 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 (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


Grupo BimboB de CV  (OTCPK:BMBOY) 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: Mar. 2024 )
=Net Income/Total Stockholders Equity
=571.256/6376.784
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(571.256 / 22467.852)*(22467.852 / 20890.042)*(20890.042 / 6376.784)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.54 %*1.0755*3.276
=ROA %*Equity Multiplier
=2.73 %*3.276
=8.96 %

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: Mar. 2024 )
=Net Income/Total Stockholders Equity
=571.256/6376.784
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (571.256 / 999.012) * (999.012 / 1879.872) * (1879.872 / 22467.852) * (22467.852 / 20890.042) * (20890.042 / 6376.784)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.5718 * 0.5314 * 8.37 % * 1.0755 * 3.276
=8.96 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.


Grupo BimboB de CV ROE % Related Terms

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Grupo BimboB de CV (Grupo BimboB de CV) Business Description

Traded in Other Exchanges
Address
Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Delegacion Alvaro Obregon, Mexico, MEX, MEX, 01210
Grupo Bimbo SAB de CV is an international baking-products manufacturer. The company operates in over 22 countries throughout the Americas, Europe, and Asia. The firm's key product categories are packed bread, sweet baked goods, salty snacks, cookies, solutions (tortillas, pitas, wraps), prepacked foods, confectionery, and others. The key brands are Bimbo, Ideal, Ricolino, Oroweat, Arnold, Thomas, and Sara Lee. Grupo Bimbo has a large direct distribution network that allows the company to distribute products from its own plants (based in Uruguay, Rio de Janeiro, China, Santiago de Chile, and Argentina) to sales centers and warehouses.