45 SUPPLY CHAINS TO ADMIRE | 2023
45
Beverages Beverage companies compete intensely for a " share of the throat ." For this period, Monster Beverages returns to the Winners Circle for the fifth consecutive year. Prior winners include Boston Beer and Coca-Cola. In general, smaller regional companies outperform giant and global multinational companies. Overall profitability of the beverage industry was 15%, falling from 18% in 2019. Compared to 2013, margins fell 1% and inventory turns declined 24%. The companies struggle to manage a balanced scorecard.
Table 31. Beverage Industry Performance and Sector Evaluation for the Period of 2013-2022
INDUSTRY: Beverages
IMPROVE- MENT
COMPANY INFORMATION
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
2022 REVENUE (MS)
SUPPLY CHAIN INDEX
GROWTH (Year Over Year Revenue)
FUNDAMENTAL AVERAGE SCORE
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAP
NAME
2013 - 2022
Anheuser-Busch InBev
$57,786
18
4.3%
5.10
29.2%
5.1%
8
3.03
163,833
Boston Beer Co
$2,090
13
14.5%
7.62
12.0%
18.4%
2
6.96
4,350
Brown-Forman
$3,933
13
3.8%
0.87
32.4%
21.8%
10
12.95
25,184
Carlsberg
$9,961
3
-1.2%
7.28
14.4%
4.6%
2
2.60
17,812
Coca-Cola
$43,004
13
-0.7%
5.02
25.7%
10.9%
8
9.43
213,234
Davide Campari-Milano
$2,845
12
5.6%
0.99
19.5%
7.0%
9
4.74
10,796
Diageo
$20,577
9
2.5%
0.94
27.7%
12.5%
0
8.19
88,600
Heineken International
$30,287
7
6.3%
7.94
12.6%
5.9%
0
3.18
52,528
Keurig Dr Pepper
$14,057
1
9.6%
9.27
20.3%
9.2%
8
4.37
29,975
Kirin Holdings
$16,602
19
-5.1%
5.17
6.7%
5.2%
7
2.07
15,832
Lassonde Industries Inc
$2,151
6
8.0%
4.39
7.1%
7.5%
10
2.05
1,164
Molson Coors Brewing
$10,701
9
15.2%
9.63
12.0%
3.4%
8
1.31
13,488
Monster Beverage
$6,311
7
11.9%
5.31
31.4%
26.4%
8
8.72
33,427
PepsiCo
$86,392
4
2.9%
9.21
14.9%
14.5%
9
11.72
177,237
Primo Water Co
$2,215
5
2.7%
7.76
4.5%
0.9%
6
1.76
1,805
Remy Cointreau
$1,526
13
1.4%
0.33
20.2%
7.6%
0
3.50
5,673
Thai Beverage
$7,947
13
5.8%
3.75
13.9%
10.5%
7
3.52
13,290
Tsingtao Brewery
$4,790
2
1.9%
6.25
7.9%
10.5%
9
3.29
9,414
United Breweries
$3,122
20
6.5%
4.03
12.2%
10.6%
9
2.22
3,754
Yakult Honsha Co
$3,698
11
-0.6%
5.85
10.3%
6.7%
10
1.62
5,227
MEAN WITH OUTLIERS
$16,500
4.8%
5.34
16.7%
10.0%
6.4
4.86
44,331
MEAN WITHOUT OUTLIERS
4.3%
5.34
16.7%
10.0%
6.4
4.86
19,548
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