San Miguel (PHS:SMC2E.PFD) ROCE % : 14.01% (As of Sep. 2024)

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What is San Miguel 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. San Miguel's annualized ROCE % for the quarter that ended in Sep. 2024 was 14.01%.

San Miguel ROCE % Historical Data

The historical data trend for San Miguel'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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San Miguel ROCE % Chart

San Miguel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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9.76

5.86

7.21

5.91

9.25

San Miguel 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															7.53	9.54	8.82	7.43	14.01

San Miguel ROCE % Calculation

San Miguel'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 )
	=	156190	/	( ( (2391825 - 727613)	+	(2459365 - 745224) )	/ 2 )
	=	156190	/	( (1664212	+	1714141)	/ 2 )
	=	156190	/	1689176.5
	=	9.25 %

San Miguel'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 )
	=	252056	/	( ( (2555444 - 851653)	+	(2599421 - 705096) )	/ 2 )
	=	252056	/	( ( 1703791	+	1894325 )	/ 2 )
	=	252056	/	1799058
	=	14.01 %

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

San Miguel (PHS:SMC2E.PFD) 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.

San Miguel ROCE % Related Terms

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San Miguel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » San Miguel Corp (PHS:SMC2E.PFD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SMGBF:USA SMC2K.PFD:Philippines SMC2J.PFD:Philippines SMC2I.PFD:Philippines SMC2F.PFD:Philippines SMC2C.PFD:Philippines SMC:Philippines

Address

No. 40 San Miguel Avenue, Metro Manila, P.O. Box 271, Manila Central Post Office, Mandaluyong, PHL, 1550

Website

https://www.sanmiguel.com.ph

San Miguel Corp is a holding company based in the Philippines. The company's operating segments include food and beverage; packaging; energy; fuel and oil; and infrastructure. The company generates a majority of its revenue from the fuel and oil segments. The fuel and oil segment is engaged in refining crude oil and marketing and distribution of refined petroleum products.

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