Fraser and Neave (SGX:F99) ROCE % : 5.67% (As of Sep. 2023)

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What is Fraser and Neave 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. Fraser and Neave's annualized ROCE % for the quarter that ended in Sep. 2023 was 5.67%.

Fraser and Neave ROCE % Historical Data

The historical data trend for Fraser and Neave'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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Fraser and Neave ROCE % Chart

Fraser and Neave Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.31

6.32

6.12

5.37

5.98

Fraser and Neave Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
ROCE %	Get a 7-Day Free Trial															5.00	5.90	5.05	6.12	5.67

Fraser and Neave ROCE % Calculation

Fraser and Neave's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	261.121	/	( ( (4980.889 - 541.189)	+	(5121.901 - 834.62) )	/ 2 )
	=	261.121	/	( (4439.7	+	4287.281)	/ 2 )
	=	261.121	/	4363.4905
	=	5.98 %

Fraser and Neave's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Mar. 2023 )		(Q: Sep. 2023 )
	=	248.954	/	( ( (5076.451 - 587.44)	+	(5121.901 - 834.62) )	/ 2 )
	=	248.954	/	( ( 4489.011	+	4287.281 )	/ 2 )
	=	248.954	/	4388.146
	=	5.67 %

(1) Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

Fraser and Neave (SGX:F99) 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.

Fraser and Neave ROCE % Related Terms

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Fraser and Neave (SGX:F99) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fraser and Neave Ltd (SGX:F99) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

FNEVY:USA FNEVF:USA FNV2:Germany

Address

438 Alexandra Road, Number 20-00 Alexandra Point, Singapore, SGP, 119958

Website

https://www.fraserandneave.com

Fraser and Neave Ltd is a Singapore-based company that operates through four segments: dairies, beverages, publishing and printing industries, and others. The dairies segment generates the majority of total revenue by manufacturing, marketing, and selling dairy products. The beverages segment is the next contributor to total revenue through the production and selling of soft drinks and alcoholic beverages. The publishing and printing business operates through a network of offices, printing plants, and distributors. The company mainly operates in Thailand, Malaysia, Singapore, Indochina, Indonesia, Myanmar and Philippines.

Fraser and Neave (SGX:F99) Headlines

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