Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) ROE % : -3.27% (As of Mar. 2013)

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What is Coca-Cola Hellenic Bottling Company S.A. ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Coca-Cola Hellenic Bottling Company S.A.'s annualized net income for the quarter that ended in Mar. 2013 was €-98 Mil. Coca-Cola Hellenic Bottling Company S.A.'s average Total Stockholders Equity over the quarter that ended in Mar. 2013 was €2,984 Mil. Therefore, Coca-Cola Hellenic Bottling Company S.A.'s annualized ROE % for the quarter that ended in Mar. 2013 was -3.27%.

The historical rank and industry rank for Coca-Cola Hellenic Bottling Company S.A.'s ROE % or its related term are showing as below:

LSE:CCB's ROE % is not ranked ^*
in the Beverages - Non-Alcoholic industry.
Industry Median: 12.17
* Ranked among companies with meaningful ROE % only.

Coca-Cola Hellenic Bottling Company S.A. ROE % Historical Data

The historical data trend for Coca-Cola Hellenic Bottling Company S.A.'s ROE % 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.

* Premium members only.

Coca-Cola Hellenic Bottling Company S.A. ROE % Chart

Coca-Cola Hellenic Bottling Company S.A. Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

ROE %

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7.13

15.81

15.87

9.14

6.47

Coca-Cola Hellenic Bottling Company S.A. Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
ROE %	Get a 7-Day Free Trial															-3.91	16.52	19.84	-6.29	-3.27

Competitive Comparison of Coca-Cola Hellenic Bottling Company S.A.'s ROE %

For the Beverages - Non-Alcoholic subindustry, Coca-Cola Hellenic Bottling Company S.A.'s ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Coca-Cola Hellenic Bottling Company S.A.'s ROE % Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola Hellenic Bottling Company S.A.'s ROE % distribution charts can be found below:

* The bar in red indicates where Coca-Cola Hellenic Bottling Company S.A.'s ROE % falls into.

Coca-Cola Hellenic Bottling Company S.A. ROE % Calculation

Coca-Cola Hellenic Bottling Company S.A.'s annualized ROE % for the fiscal year that ended in Dec. 2012 is calculated as

ROE %	=	Net Income (A: Dec. 2012 )	/	( (Total Stockholders Equity (A: Dec. 2011 )	+	Total Stockholders Equity (A: Dec. 2012 ))	/ count )
	=	190.4	/	( (2895.3	+	2988.7)	/ 2 )
	=	190.4	/	2942
	=	6.47 %

Coca-Cola Hellenic Bottling Company S.A.'s annualized ROE % for the quarter that ended in Mar. 2013 is calculated as

ROE %	=	Net Income (Q: Mar. 2013 )	/	( (Total Stockholders Equity (Q: Dec. 2012 )	+	Total Stockholders Equity (Q: Mar. 2013 ))	/ count )
	=	-97.6	/	( (2988.7	+	2978.9)	/ 2 )
	=	-97.6	/	2983.8
	=	-3.27 %

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2013) net income data. ROE % is displayed in the 30-year financial page.

Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %		(Q: Mar. 2013 )
=	Net Income	/	Total Stockholders Equity
=	-97.6	/	2983.8
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-97.6 / 5727.6)	*	(5727.6 / 7249.8)	*	(7249.8 / 2983.8)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	-1.7 %	*	0.79	*	2.4297
=	ROA %	*	Equity Multiplier
=	-1.34 %	*	2.4297
=	-3.27 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Mar. 2013 )
=	Net Income	/	Total Stockholders Equity
=	-97.6	/	2983.8
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(-97.6 / -124)	*	(-124 / -45.2)	*	(-45.2 / 5727.6)	*	(5727.6 / 7249.8)	*	(7249.8 / 2983.8)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.7871	*	2.7434	*	-0.79 %	*	0.79	*	2.4297
=	-3.27 %

Note: The net income data used here is four times the quarterly (Mar. 2013) net income data. The Revenue data used here is four times the quarterly (Mar. 2013) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
^* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

Coca-Cola Hellenic Bottling Company S.A. ROE % Related Terms

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Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Hellenic Bottling Company S.A. (LSE:CCB) » Definitions » ROE %

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Address

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Coca-Cola Hellenic Bottling Company S.A. was incorporated in Greece and founded in 1969. It took its current form in August 2000 through the acquisition of the Coca-Cola Beverages PLC by Hellenic Bottling Company S.A. The Company is headquartered in Athens. Its two major shareholders are the Kar-Tess Holding S.A., a private holding company, and The Coca-Cola Company. The Company and its subsidiaries are primarily engaged in the production, sales and distribution of non-alcoholic ready to drink beverages, under franchise from The Coca-Cola Company. The Company distributes its products in 27 countries in Europe and Nigeria. The Company has one business, being the production, sale and distribution of non-alcoholic, ready-to-drink beverages. The Company operates in 28 such as Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, FYROM, Moldova, Montenegro, Nigeria, Romania, Russia, Serbia and Ukraine. The Company is licensed to produce, sell and distribute a range of beverages. The Coca-Cola Company owns the trademarks for most of these. It supplies the concentrates and is largely responsible for consumer marketing. The Company's product portfolio consists of the world-leading brands Coca-Cola, Coca-Cola Light (diet Coke), Fanta and Sprite brands that it owns manufactures and distributes, including Amita, Avra, Deep RiverRock and Fruice brands licensed by other companies, such as Nestea and Monster. The Company produces, markets and sells its customers valuable brands, in addition to the 136 brands. In 2012, sparkling beverages of The Coca-Cola Company accounted for 62% of its sales volume, low calorie sparkling beverages accounted for 6%, while still and water beverages accounted for approximately 32% of its sales volume. With more than 30 water brands in its portfolio, it focuses on generating value through the 'on-the-go' or immediate consumption occasion.