Phoenix Beverages (XMAU:MBL.N0000) ROCE % : 18.50% (As of Mar. 2024)

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What is Phoenix Beverages 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. Phoenix Beverages's annualized ROCE % for the quarter that ended in Mar. 2024 was 18.50%.

Phoenix Beverages ROCE % Historical Data

The historical data trend for Phoenix Beverages'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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Phoenix Beverages ROCE % Chart

Phoenix Beverages Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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14.59

9.92

10.51

9.09

12.91

Phoenix Beverages Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.13	10.44	10.93	30.78	18.50

Phoenix Beverages ROCE % Calculation

Phoenix Beverages's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	889.584	/	( ( (8279.626 - 1737.436)	+	(9047.816 - 1806.67) )	/ 2 )
	=	889.584	/	( (6542.19	+	7241.146)	/ 2 )
	=	889.584	/	6891.668
	=	12.91 %

Phoenix Beverages's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	1481.012	/	( ( (10072.901 - 2222.03)	+	(10261.728 - 2102.626) )	/ 2 )
	=	1481.012	/	( ( 7850.871	+	8159.102 )	/ 2 )
	=	1481.012	/	8004.9865
	=	18.50 %

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

Phoenix Beverages (XMAU:MBL.N0000) 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.

Phoenix Beverages ROCE % Related Terms

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Phoenix Beverages Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Phoenix Beverages Ltd (XMAU:MBL.N0000) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pont Fer, Phoenix House, Phoenix, MUS

Website

https://www.phoenixbeveragesgroup.mu

Phoenix Beverages Ltd offers a variety of alcoholic and non-alcoholic products, including the brewing of beer, bottling and sale of beer, soft drinks, table water, and alternative beverages; and table water and alternative beverages; and manufacture and sale of glass-made products. Its segments consist of Beverages that generate key revenue and Recycled glass & related products segment. The majority of the revenue is derived from the domestic market.

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