Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) ROCE % : -4.47% (As of Dec. 2023)

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What is Chaoda Modern Agriculture (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. Chaoda Modern Agriculture (Holdings)'s annualized ROCE % for the quarter that ended in Dec. 2023 was -4.47%.

Chaoda Modern Agriculture (Holdings) ROCE % Historical Data

The historical data trend for Chaoda Modern Agriculture (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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Chaoda Modern Agriculture (Holdings) ROCE % Chart

Chaoda Modern Agriculture (Holdings) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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-17.36

-5.15

-10.91

-7.03

-1.68

Chaoda Modern Agriculture (Holdings) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															-8.26	-6.04	-0.84	-2.60	-4.47

Chaoda Modern Agriculture (Holdings) ROCE % Calculation

Chaoda Modern Agriculture (Holdings)'s annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	-0.516	/	( ( (36.757 - 4.811)	+	(34.006 - 4.669) )	/ 2 )
	=	-0.516	/	( (31.946	+	29.337)	/ 2 )
	=	-0.516	/	30.6415
	=	-1.68 %

Chaoda Modern Agriculture (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: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	-1.294	/	( ( (34.006 - 4.669)	+	(32.98 - 4.44) )	/ 2 )
	=	-1.294	/	( ( 29.337	+	28.54 )	/ 2 )
	=	-1.294	/	28.9385
	=	-4.47 %

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

Chaoda Modern Agriculture (Holdings) (OTCPK:CMGHF) 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.

Chaoda Modern Agriculture (Holdings) ROCE % Related Terms

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Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chaoda Modern Agriculture (Holdings) Ltd (OTCPK:CMGHF) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CMGHY:USA 00682:Hong Kong CHA:Germany

Address

133 Wan Chai Road, Room B, 21st Floor, Times Media Centre, Wanchai, Hong Kong, HKG

Website

http://www.chaoda.hk.cn

Chaoda Modern Agriculture (Holdings) Ltd operates as an investment holding company, which engages in the production and sale of agricultural products. The company's main businesses include the growing and sales of crops, as well as the breeding and sales of livestock. The firm earns a majority of its revenue from the sales of crops in Hong Kong.

Chaoda Modern Agriculture (Holdings) (Chaoda Modern Agriculture (Holdings)) Headlines

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