Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) ROCE % : -1.57% (As of Dec. 2023)

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What is Coca-Cola Bottlers Japan 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. Coca-Cola Bottlers Japan Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.57%.

Coca-Cola Bottlers Japan Holdings ROCE % Historical Data

The historical data trend for Coca-Cola Bottlers Japan 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.

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Coca-Cola Bottlers Japan Holdings ROCE % Chart

Coca-Cola Bottlers Japan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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-7.89

-1.46

-2.68

-1.47

0.57

Coca-Cola Bottlers Japan 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															-2.61	-5.28	1.56	7.48	-1.57

Coca-Cola Bottlers Japan Holdings ROCE % Calculation

Coca-Cola Bottlers Japan 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 )
	=	27.622	/	( ( (6127.845 - 1012.795)	+	(5867.643 - 1371.308) )	/ 2 )
	=	27.622	/	( (5115.05	+	4496.335)	/ 2 )
	=	27.622	/	4805.6925
	=	0.57 %

Coca-Cola Bottlers Japan 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 )
	=	-69.592	/	( ( (5719.564 - 1338.699)	+	(5867.643 - 1371.308) )	/ 2 )
	=	-69.592	/	( ( 4380.865	+	4496.335 )	/ 2 )
	=	-69.592	/	4438.6
	=	-1.57 %

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

Coca-Cola Bottlers Japan Holdings (OTCPK:CCOJF) 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.

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Coca-Cola Bottlers Japan Holdings (Coca-Cola Bottlers Japan Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Coca-Cola Bottlers Japan Holdings Inc (OTCPK:CCOJF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CCOJY:USA 2579:Japan CCW:Germany

Address

9-7-1 Akasaka, Minato-ku, Tokyo Midtown Tower, Fukuoka, JPN, 107-6211

Website

https://www.ccbj-holdings.com

Coca-Cola Bottlers Japan Holdings Inc is a Japanese soft drinks manufacturer, which operates through licensing agreements with The Coca-Cola Company based in the United States. It functions through two business segments, namely The Cold Beverage segment and The Healthcare and Skincare segment. The Cold Beverage segment by far accounts for most of the company's revenue generating operations. It represents the manufacture and sale of beverages such as sports drinks, tea beverages, sparkling beverages and mineral water. Its secondary business is carried out through the Healthcare and Skincare segment which produces and sells health food and cosmetics.