GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Asahi Group Holdings Ltd (OTCPK:ASBRF) » Definitions » ROCE %

Asahi Group Holdings (Asahi Group Holdings) ROCE % : 6.07% (As of Dec. 2023)


View and export this data going back to 2002. Start your Free Trial

What is Asahi Group Holdings 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. Asahi Group Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.07%.


Asahi Group Holdings ROCE % Historical Data

The historical data trend for Asahi Group Holdings'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.

* Premium members only.

Asahi Group Holdings ROCE % Chart

Asahi Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.15 5.91 6.86 5.97 6.76

Asahi Group Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.24 3.80 7.19 9.78 6.07

Asahi Group Holdings ROCE % Calculation

Asahi Group Holdings'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 )
=1805.732/( ( (35802.922 - 9383.3) + (36712.446 - 9702.288) )/ 2 )
=1805.732/( (26419.622+27010.158)/ 2 )
=1805.732/26714.89
=6.76 %

Asahi Group Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=1632.072/( ( (35729.074 - 8977.314) + (36712.446 - 9702.288) )/ 2 )
=1632.072/( ( 26751.76 + 27010.158 )/ 2 )
=1632.072/26880.959
=6.07 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

* 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.


Asahi Group Holdings  (OTCPK:ASBRF) 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.


Asahi Group Holdings ROCE % Related Terms

Thank you for viewing the detailed overview of Asahi Group Holdings's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Asahi Group Holdings (Asahi Group Holdings) Business Description

Traded in Other Exchanges
Address
1-23-1, Azumabashi, Sumida-ku, Tokyo, JPN, 130-8602
Asahi is a leading brewer in Japan with an estimated 36.5% market share by volume in Japan's beer and beer-like market, led by its Asahi Super Dry beer brand. It also operates a wide range of acholic and soft beverage products as well as packaged foods, mainly in Japan. It has made inroads into Europe through acquisitions of SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017. The acquisition of Carlton United Breweries has granted Asahi the leading market share in Australia's beer market with Great Northern the leading brand. East Asia including China and Southeast Asia are the other overseas markets where Asahi is growing. Overseas business represents nearly half of the group sales and 60% of business profits.

Asahi Group Holdings (Asahi Group Holdings) Headlines

From GuruFocus

3 Stocks Recommendations Trading at Attractive Valuations

By Alberto Abaterusso Alberto Abaterusso 03-06-2020

Bernard Horn Comments on Asahi Group Holdings

By Holly LaFon Holly LaFon 04-21-2017

Asahi Group Buys 3 Breweries From AB Inbev

By Holmes Osborne, CFA Holmes Osborne, CFA 12-13-2016

Bernard Horn Comments on Asahi Group

By Sydnee Gatewood Sydnee Gatewood 10-18-2019

Bernard Horn Comments on Asahi Group Holdings

By Holly LaFon Holly LaFon 01-24-2017

Bernard Horn Comments on Asahi Group Holdings

By Vera Yuan Vera Yuan 08-07-2014

Bernard Horn Comments on Asahi Group Holdings

By Holly LaFon Holly LaFon 07-18-2019

Bernard Horn Comments on Asahi Group

By Sydnee Gatewood Sydnee Gatewood 01-22-2020

Bernard Horn Comments on Asahi Group Holdings

By Holly LaFon Holly LaFon 01-17-2018

Monetary Metals Enters into Agreement with Asahi Refining

By PRNewswire PRNewswire 05-09-2023