Eight Philippine companies made it to the list of Forbes’ “Asia’s Best Over A Billion 2019” on Wednesday, which recognizes the top-performing companies across the Asia-Pacific region with $1 billion or more revenues.
Retail, real estate, banking, transportation, and food and beverage manufacturing are the industries that dominate the new list of Forbes.
Along with the 200 companies that are included in Forbes’ are Ayala Corp., Cosco Capital, GT Capital Holdings, JG Summit Holdings, Jollibee Foods Corp., Megaworld, San Miguel Food and Beverage, and SM investments, which are among the 3,200 listed companies in the region.
The companies’ “more than a dozen metrics” including their five-year sales, operating income growth, return on capital, and projected growth over the next one to two years were the qualifications for Forbes’ evaluation.
The new list “Best Under A Billion” features the 200 best-performing, small and mid sized companies within the region with less than $1 billion in revenue.
Forbes’ said there were companies that shifted from “Best Under A Billion” to “Best Over a Billion” list after they have earned above $1 billion, namely JFC, the country’s largest food service network operator, and China’s Alibaba and Tencent.
“The goal is to find the region’s best-run companies that are doing well on not just one metric but across many of them,” the international business magazine said.
Forbes’ top-performing company by value market is involved in the technology sector and the regions’ largest markets. Alibaba and Tencent, as well as Taiwan Semiconductor Manufacturing Co. and SK Hynix are among the companies included in the list.
However, looking on the market value, Fast Retailing — operator of Uniqlo apparel chain founded by Japanese billionaire Tadashi Yanai — is among the 10 largest companies on the list.