Heineken Holding NV (FRA:4H5) ROCE % : 3.46% (As of Jun. 2024)

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What is Heineken Holding NV 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. Heineken Holding NV's annualized ROCE % for the quarter that ended in Jun. 2024 was 3.46%.

Heineken Holding NV ROCE % Historical Data

The historical data trend for Heineken Holding NV'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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Heineken Holding NV ROCE % Chart

Heineken Holding NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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11.71

2.09

14.08

12.42

8.18

Heineken Holding NV 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															11.85	12.81	8.06	8.16	3.46

Heineken Holding NV ROCE % Calculation

Heineken Holding NV'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 )
	=	3196	/	( ( (52406 - 14190)	+	(54758 - 14825) )	/ 2 )
	=	3196	/	( (38216	+	39933)	/ 2 )
	=	3196	/	39074.5
	=	8.18 %

Heineken Holding NV'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 )
	=	1362	/	( ( (54758 - 14825)	+	(54184 - 15290) )	/ 2 )
	=	1362	/	( ( 39933	+	38894 )	/ 2 )
	=	1362	/	39413.5
	=	3.46 %

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

Heineken Holding NV (FRA:4H5) 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.

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Heineken Holding NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Heineken Holding NV (FRA:4H5) » Definitions » ROCE %

Traded in Other Exchanges

HKHHY:USA HKHHF:USA HEIO:Netherlands HEIOa:UK 0NBD:UK HEIO:Austria

Address

Tweede Weteringplantsoen 5, Amsterdam, NH, NLD, 1017 ZD

Website

https://www.heinekenholding.com

Heineken Holding NV through its subsidiary produces and distributes beverages internationally. It does not engage in operational activities and generates income almost exclusively by receiving Heineken dividends. Heineken Holding NV has five segments: Europe, Americas, Africa, Middle East & Eastern Europe, and Asia-Pacific. Heineken NV brews and sells more than 200 brands of beer in nearly 200 countries. Notable brands include Heineken, Amstel, Dos Equis, Tecate, Goldberg, Red Stripe, Legunitas, and Tiger. Close to half of Heineken NV's revenue comes from Europe, and nearly one-third of its revenue comes from the Americas. The remaining revenue is split among the Asia-Pacific, Africa, and Middle East, and Eastern Europe regions.

Heineken Holding NV Headlines

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