Forbes Asia launches inaugural Best Over A Billion list

Forbes Asia on Wednesday announced the launch of its inaugural Best

Over A Billion list, which spotlights 200 top-performing listed companies across the Asia-Pacific region with revenues of $1 billion or more.

The full list is available at www.forbes.com/ bob. and in the September issue of Forbes Asia. The new list complements the long-established Best Under A Billion list of the 200 best performing, small and mid-sized companies in the Asia-Pacific region with less than $1 billion in revenue. Together, the two lists now comprehensively cover all of Asia-Pacific’s listed companies, selecting the best 400 from the smallest to the biggest, using $1 billion in sales as a dividing line.

From a universe of 3,200 listed companies in the Asia-Pacific region, candidates for the Best Over A Billion list are evaluated based on more than a dozen metrics including their average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.

Those having the highest composite score earned a place in the final list of 200.

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 result is a list that represents the best of Asia-Pacific’s big companies.

The biggest companies on the list by market value hail from the technology sector and the region’s largest markets. They include internet behemoths Alibaba and Tencent, as well as semiconductor giants Taiwan Semiconductor Manufacturing Co. and SK Hynix. Fast Retailing, the operator of the Uniqlo apparel chain founded by Japanese billionaire Tadashi Yanai, is among the 10 largest companies on the list by market value.