CABJF (Carlsberg AS) ROCE % : 19.41% (As of Jun. 2024)

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What is Carlsberg AS 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. Carlsberg AS's annualized ROCE % for the quarter that ended in Jun. 2024 was 19.41%.

Carlsberg AS ROCE % Historical Data

The historical data trend for Carlsberg AS'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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Carlsberg AS ROCE % Chart

Carlsberg AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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12.56

11.51

12.30

13.73

16.92

Carlsberg AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
ROCE %	Get a 7-Day Free Trial															13.44	15.58	19.52	15.49	19.41

Carlsberg AS ROCE % Calculation

Carlsberg AS'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 )
	=	1601.364	/	( ( (16423.557 - 6941.15)	+	(16362 - 6910.224) )	/ 2 )
	=	1601.364	/	( (9482.407	+	9451.776)	/ 2 )
	=	1601.364	/	9467.0915
	=	16.92 %

Carlsberg AS's ROCE % of for the quarter that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2024 )		(Q: Dec. 2023 )		(Q: Jun. 2024 )
	=	1792.432	/	( ( (16362 - 6910.224)	+	(16192.743 - 7173.186) )	/ 2 )
	=	1792.432	/	( ( 9451.776	+	9019.557 )	/ 2 )
	=	1792.432	/	9235.6665
	=	19.41 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

Carlsberg AS (OTCPK:CABJF) 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.

Carlsberg AS ROCE % Related Terms

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Carlsberg AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Carlsberg AS (OTCPK:CABJF) » Definitions » ROCE %

Traded in Other Exchanges

CABHF:USA CABGY:USA CARLBc:UK 0AI4:UK CARL B:Denmark CARL A:Denmark CBGB:Germany

Address

J.C. Jacobsens Gade 1, Copenhagen, DNK, 1799

Website

https://www.carlsberggroup.com

Carlsberg is the fourth-largest brewer in the world following the combination of Anheuser-Busch InBev and SABMiller, with major operations in Europe and Asia. It holds leading share in Scandinavia, Switzerland, Portugal, Laos, Nepal, and parts of western China. Its key brands include Carlsberg, 1664, Tuborg, Holsten, and Somersby. The company's 2023 beverage volume, excluding Russia, was split among Northern and Western Europe (35%), Eastern Europe (26%), and Asia (39%).