China Resources Beer (Holdings) Co (HKSE:00291) 10-Year ROIIC % : -5.89% (As of Dec. 2023)

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What is China Resources Beer (Holdings) Co 10-Year ROIIC %?

10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year. China Resources Beer (Holdings) Co's 10-Year ROIIC % for the quarter that ended in Dec. 2023 was -5.89%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for China Resources Beer (Holdings) Co's 10-Year ROIIC % or its related term are showing as below:

HKSE:00291's 10-Year ROIIC % is ranked worse than
76.85% of 203 companies
in the Beverages - Alcoholic industry
Industry Median: 5.75 vs HKSE:00291: -5.89

China Resources Beer (Holdings) Co 10-Year ROIIC % Historical Data

The historical data trend for China Resources Beer (Holdings) Co's 10-Year ROIIC % 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.

China Resources Beer (Holdings) Co 10-Year ROIIC % Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

10-Year ROIIC %

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306.98

61.03

-4.12

-3.70

-5.89

China Resources Beer (Holdings) Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
10-Year ROIIC %	Get a 7-Day Free Trial															-4.12	-	-3.70	-	-5.89

Competitive Comparison of China Resources Beer (Holdings) Co's 10-Year ROIIC %

For the Beverages - Brewers subindustry, China Resources Beer (Holdings) Co's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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.

China Resources Beer (Holdings) Co's 10-Year ROIIC % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, China Resources Beer (Holdings) Co's 10-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where China Resources Beer (Holdings) Co's 10-Year ROIIC % falls into.

China Resources Beer (Holdings) Co 10-Year ROIIC % Calculation

China Resources Beer (Holdings) Co's 10-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

10-Year ROIIC %	=	10-Year Incremental Net Operating Profit After Taxes (NOPAT)^**	/	10-Year Incremental Invested Capital^**
	=	( 4954.1108436 (Dec. 2023) - 1667.524204 (Dec. 2013) )	/	( 73298.498 (Dec. 2023) - 129110.897 (Dec. 2013) )
	=	3286.5866396	/	-55812.399
	=	-5.89%^***

** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

China Resources Beer (Holdings) Co (HKSE:00291) 10-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.

China Resources Beer (Holdings) Co 10-Year ROIIC % Related Terms

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China Resources Beer (Holdings) Co (HKSE:00291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (HKSE:00291) » Definitions » 10-Year ROIIC %

Comparable Companies

Traded in Other Exchanges

CRHKY:USA CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

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