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China Green Agriculture ROC (Joel Greenblatt) %

: -76.66% (As of Jun. 2021)
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Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. China Green Agriculture's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2021 was -76.66%.

The historical rank and industry rank for China Green Agriculture's ROC (Joel Greenblatt) % or its related term are showing as below:

NYSE:CGA' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.68   Med: 13.84   Max: 43.75
Current: -60.68

-60.68
43.75

During the past 13 years, China Green Agriculture's highest ROC (Joel Greenblatt) % was 43.75%. The lowest was -60.68%. And the median was 13.84%.

NYSE:CGA's ROC (Joel Greenblatt) % is ranked lower than
56% of the 41 Companies
in the Agriculture industry.

( Industry Median: 5.95 vs. NYSE:CGA: -60.68 )

China Green Agriculture's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


China Green Agriculture ROC (Joel Greenblatt) % Historical Data

The historical data trend for China Green Agriculture's ROC (Joel Greenblatt) % 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.

* Premium members only.

China Green Agriculture Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
ROC (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.31 12.99 7.30 -52.57 -60.22

China Green Agriculture Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROC (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -92.98 -54.49 -79.76 -33.10 -76.66

Competitive Comparison

For the Agricultural Inputs subindustry, China Green Agriculture's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

China Green Agriculture ROC (Joel Greenblatt) % Distribution

For the Agriculture industry and Basic Materials sector, China Green Agriculture's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where China Green Agriculture's ROC (Joel Greenblatt) % falls into.



China Green Agriculture ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Mar. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(125.734 + 64.018 + 37.909) - (72.391 + 7.139 + -0.00099999999999056)
=148.132

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(102.783 + 64.316 + 31.978) - (64.089 + 5.972 + 0.0010000000000048)
=129.015

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of China Green Agriculture for the quarter that ended in Jun. 2021 can be restated as:

ROC (Joel Greenblatt) %(Q: Jun. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2021  Q: Jun. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-123.432/( ( (22.648 + max(148.132, 0)) + (22.221 + max(129.015, 0)) )/ 2 )
=-123.432/( ( 170.78 + 151.236 )/ 2 )
=-123.432/161.008
=-76.66 %

Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

* 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.


China Green Agriculture  (NYSE:CGA) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


China Green Agriculture ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of China Green Agriculture's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


China Green Agriculture Business Description

China Green Agriculture logo
Industry
Basic Materials » Agriculture NAICS : 325320 SIC : 2879
Traded in Other Exchanges
Address
South Taibai Road, 3rd Floor, Borough A, Block A. No. 181, Shaanxi Province, Xi’an, CHN, 710065
China Green Agriculture Inc is engaged in the business of fertilizer and agricultural products. It involves the research, development, production, distribution, and sale of humic acid-based compound fertilizer, blended fertilizer, organic compound fertilizer, slow-release fertilizers, concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizer and the development, production, and distribution of agricultural products, such as top-grade fruits, vegetables, flowers and colored seedlings in China. The company operates in four segments: Fertilizer products (Jinong), Fertilizer products (Gufeng), agricultural products (Yuxing), and Sales VIEs(variable interest entities). All of its operations are conducted in China.
Executives
Shi Yiru director 1217 S CATALINA AVENUE REDONDO BEACH CA 90277
Shen Jianlei director 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181 SOUTH TAIBAI ROAD XI?AN, SHAANXI PROVINCE F4 PRC 710065
Fan Ale director 3RD FLOOR, BOROUGH A, BLOCK A. NO. 181 SOUTH TAIBAI ROAD XI?AN, SHAANXI PROVINCE F4 PRC 710065
Zhang Yizhao director 45 OLD MILLSTONE DRIVE, NIT 6 EAST WINDSOR NJ 08520
Fields Robert B director 215 EAST 68TH STREET NEW YORK NY 10021
Raeburn Barry L director C/O FUSHI INTERNATIONAL INC. 1 SHUANGQIANG ROAD, JINZHOU DALIAN F4 116100
To Yinshing David 10 percent owner 45 OLD MILLSTONE DR, UNIT 6 EAST WINDSOR NJ 08520
Schwartz Sanford other: Former Officer & 10% Owner 5353 MANHATTAN CIRCLE STE 101 BOULDER CO 80303
Friess Michael other: Former Officer & 10% Owner 5353 MANHATTAN CIRCLE STE 101 BOULDER CO 80303
Venette John H director, officer: CFO & Treasurer 5353 MANHATTAN CIRCLE SUITE 101 BOULDER CO 80303
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