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Budweiser Brewing Co APAC ROIC %

: 0.00% (As of Jun. 2021)
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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Budweiser Brewing Co APAC's annualized return on invested capital (ROIC %) for the quarter that ended in Jun. 2021 was 0.00%.

As of today (2021-10-19), Budweiser Brewing Co APAC's WACC % is 7.53%. Budweiser Brewing Co APAC's ROIC % is 0.00% (calculated using TTM income statement data). Budweiser Brewing Co APAC earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Budweiser Brewing Co APAC ROIC % Historical Data

The historical data trend for Budweiser Brewing Co APAC's ROIC % 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.

Budweiser Brewing Co APAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20
ROIC %
4.66 6.10 4.44 3.46

Budweiser Brewing Co APAC Quarterly Data
Dec17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21
ROIC % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -0.79 - - -

Competitive Comparison

For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC's ROIC %, along with its competitors' market caps and ROIC % 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.

   

Budweiser Brewing Co APAC ROIC % Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Budweiser Brewing Co APAC's ROIC % distribution charts can be found below:

* The bar in red indicates where Budweiser Brewing Co APAC's ROIC % falls into.



Budweiser Brewing Co APAC ROIC % Calculation

Budweiser Brewing Co APAC's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2020 is calculated as:

ROIC % (A: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2019 ) + Invested Capital (A: Dec. 2020 ))/ count )
=894 * ( 1 - 40.86% )/( (14878 + 15655)/ 2 )
=528.7116/15266.5
=3.46 %

where

Budweiser Brewing Co APAC's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Jun. 2021 is calculated as:

ROIC % (Q: Jun. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2020 ) + Invested Capital (Q: Jun. 2021 ))/ count )
=0 * ( 1 - 0% )/( (15655 + 15228)/ 2 )
=0/15441.5
=0.00 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2021) data.

* 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.


Budweiser Brewing Co APAC  (OTCPK:BDWBF) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Budweiser Brewing Co APAC's WACC % is 7.53%. Budweiser Brewing Co APAC's ROIC % is 0.00% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.


Budweiser Brewing Co APAC ROIC % Related Terms

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Budweiser Brewing Co APAC Business Description

Budweiser Brewing Co APAC logo
Industry
Traded in Other Exchanges
Address
1 Matheson Street, Suites 3012-16, Tower Two, Times Square, Causeway Bay, Hong Kong, HKG
Budweiser Brewing Co. APAC is the largest brewer in Asia by retail sales value and the second largest by volume, according to Euromonitor. After 10% of the business was listed on the Hong Kong exchange in 2019, parent company Anheuser-Busch InBev owns the remaining 90% of the company's equity.Bud APAC's largest markets are China (80% of 2020 revenue), South Korea (12%), and India (6%). The remaining 2% comprises Japan, New Zealand, and other export markets in the Asia-Pacific region. The company predominantly produces, imports, markets, distributes, and sells a portfolio of more than 50 beer brands, both owned and licensed, including global brands Budweiser, Stella Artois, and Corona along with multicountry brands and local brands such as Hoegaarden, Cass, and Harbin.
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