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BDWBY (Budweiser Brewing Co APAC) ROC (Joel Greenblatt) % : 58.59% (As of Jun. 2024)


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What is Budweiser Brewing Co APAC ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Budweiser Brewing Co APAC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 58.59%.

The historical rank and industry rank for Budweiser Brewing Co APAC's ROC (Joel Greenblatt) % or its related term are showing as below:

BDWBY' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.13   Med: 37.42   Max: 44.14
Current: 40.48

During the past 7 years, Budweiser Brewing Co APAC's highest ROC (Joel Greenblatt) % was 44.14%. The lowest was 25.13%. And the median was 37.42%.

BDWBY's ROC (Joel Greenblatt) % is ranked better than
80.19% of 212 companies
in the Beverages - Alcoholic industry
Industry Median: 13.56 vs BDWBY: 40.48

Budweiser Brewing Co APAC's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 7.00% per year.


Budweiser Brewing Co APAC ROC (Joel Greenblatt) % Historical Data

The historical data trend for Budweiser Brewing Co APAC's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart

Budweiser Brewing Co APAC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial 37.45 25.21 38.98 38.40 44.07

Budweiser Brewing Co APAC Quarterly Data
Dec17 Mar18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROC (Joel Greenblatt) % 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 55.75 7.10 54.66 58.59 45.69

Competitive Comparison of Budweiser Brewing Co APAC's ROC (Joel Greenblatt) %

For the Beverages - Brewers subindustry, Budweiser Brewing Co APAC's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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's ROC (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry

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

* The bar in red indicates where Budweiser Brewing Co APAC's ROC (Joel Greenblatt) % falls into.



Budweiser Brewing Co APAC ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(718 + 429 + 214) - (2651 + 0 + 1230)
=-2520

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Budweiser Brewing Co APAC for the quarter that ended in Jun. 2024 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2024  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1616/( ( (0 + max(0, 0)) + (2758 + max(-2520, 0)) )/ 1 )
=1616/( ( 0 + 2758 )/ 1 )
=1616/2758
=58.59 %

Note: The EBIT data used here is four times the quarterly (Jun. 2024) EBIT 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:BDWBY) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


Budweiser Brewing Co APAC ROC (Joel Greenblatt) % Related Terms

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Budweiser Brewing Co APAC Business Description

Traded in Other Exchanges
Address
500 Hennessy Road, 27th Floor Hysan Place, Room 2701, Causeway Bay, Hong Kong, HKG
Budweiser 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 close to 90% of the company's equity.Budweiser APAC's largest markets are China (roughly 80% of 2023 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.