PepsiCo (BSP:PEPB34) ROCE % : 22.90% (As of Sep. 2024)

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What is PepsiCo 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. PepsiCo's annualized ROCE % for the quarter that ended in Sep. 2024 was 22.90%.

PepsiCo ROCE % Historical Data

The historical data trend for PepsiCo'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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PepsiCo ROCE % Chart

PepsiCo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.53

17.60

18.05

17.03

17.62

PepsiCo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															24.63	10.24	16.14	24.70	22.90

PepsiCo ROCE % Calculation

PepsiCo'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 )
	=	59953.953	/	( ( (483557.69 - 140498.039)	+	(492405.401 - 155063.971) )	/ 2 )
	=	59953.953	/	( (343059.651	+	337341.43)	/ 2 )
	=	59953.953	/	340200.5405
	=	17.62 %

PepsiCo's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	86677.644	/	( ( (536094.691 - 167766.243)	+	(556620.891 - 167878.407) )	/ 2 )
	=	86677.644	/	( ( 368328.448	+	388742.484 )	/ 2 )
	=	86677.644	/	378535.466
	=	22.90 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

PepsiCo (BSP:PEPB34) 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.

PepsiCo ROCE % Related Terms

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PepsiCo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PepsiCo Inc (BSP:PEPB34) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

PEP:USA PEP:Mexico 1PEP:Italy PEP:Germany PEP:Germany PEP:Germany PEP:Germany PEP:Switzerland PEPS:Austria PEP:Argentina

Address

700 Anderson Hill Road, Purchase, NY, USA, 10577

Website

https://www.pepsico.com

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.

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