GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Origin Agritech Ltd (NAS:SEED) » Definitions » ROE %

Origin Agritech (Origin Agritech) ROE % : Negative Equity% (As of Sep. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Origin Agritech ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Origin Agritech's annualized net income for the quarter that ended in Sep. 2023 was $15.46 Mil. Origin Agritech's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was $-12.28 Mil. Therefore, Origin Agritech's annualized ROE % for the quarter that ended in Sep. 2023 was Negative Equity%.

The historical rank and industry rank for Origin Agritech's ROE % or its related term are showing as below:

SEED' s ROE % Range Over the Past 10 Years
Min: -332.29   Med: -17.87   Max: Negative Equity
Current: Negative Equity

During the past 13 years, Origin Agritech's highest ROE % was Negative Equity%. The lowest was -332.29%. And the median was -17.87%.

SEED's ROE % is ranked better than
99.59% of 245 companies
in the Agriculture industry
Industry Median: 6 vs SEED: Negative Equity

Origin Agritech ROE % Historical Data

The historical data trend for Origin Agritech's ROE % 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.

Origin Agritech ROE % Chart

Origin Agritech Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - Negative Equity

Origin Agritech Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
ROE % Get a 7-Day Free Trial 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 - Negative Equity - - Negative Equity

Competitive Comparison of Origin Agritech's ROE %

For the Agricultural Inputs subindustry, Origin Agritech's ROE %, along with its competitors' market caps and ROE % 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.


Origin Agritech's ROE % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Origin Agritech's ROE % distribution charts can be found below:

* The bar in red indicates where Origin Agritech's ROE % falls into.



Origin Agritech ROE % Calculation

Origin Agritech's annualized ROE % for the fiscal year that ended in Sep. 2023 is calculated as

ROE %=Net Income (A: Sep. 2023 )/( (Total Stockholders Equity (A: Sep. 2022 )+Total Stockholders Equity (A: Sep. 2023 ))/ count )
=7.582/( (-19.071+-7.865)/ 2 )
=7.582/-13.468
=Negative Equity %

Origin Agritech's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=15.456/( (-16.699+-7.865)/ 2 )
=15.456/-12.282
=Negative Equity %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Origin Agritech  (NAS:SEED) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=15.456/-12.282
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15.456 / 7.458)*(7.458 / 25.6415)*(25.6415 / -12.282)
=Net Margin %*Asset Turnover*Equity Multiplier
=207.24 %*0.2909*N/A
=ROA %*Equity Multiplier
=60.29 %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=15.456/-12.282
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (15.456 / 15.746) * (15.746 / -3.454) * (-3.454 / 7.458) * (7.458 / 25.6415) * (25.6415 / -12.282)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9816 * -4.5588 * -46.31 % * 0.2909 * N/A
=Negative Equity %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Origin Agritech ROE % Related Terms

Thank you for viewing the detailed overview of Origin Agritech's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Origin Agritech (Origin Agritech) Business Description

Traded in Other Exchanges
Address
No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206
Origin Agritech Ltd is a Chinese agricultural technology company. In crop seed biotechnologies, the company's phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China's Ministry of Agriculture. Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.
Executives
Jeff Feinberg 10 percent owner 20600 NORTHRIDGE ROAD, CHATSWORTH CA 91311
Steven Urbach director C/O CHARDAN CAPITAL MARKETS, LLC, 17 STATE STREET, SUITE 2575, NEW YORK NY 10004
Michael D Chermak director
Gengchen Han director, officer: Chairman of the Board and CEO 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Bailiang Zhang director 95 WENHUA RD., HENAN AGRICULTURAL UNIVERSITY, ZHENGZHOU F4 450002
Dafang Huang director BIOTECHNOLOGY RESEARCH INSTITUTE, 12 ZHONGGUANCUN SOUTH AVE., BEIJING F4 100081
Remo Richli director IM NEUHOF 28, EMMENBRUCKE V8 6020
Richard D Propper officer: VP for Corporate Development
Kerry Propper director CHARDAN CHINA ACQUISITION CORP, 777 SOUTH HIGHWAY 101, SOLANA BEACH CA 92075
Yasheng Yang director, officer: President, Treasurer, COO 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206
Liang Yuan director, officer: Executive Vice Chairman 21 SHENGMINGYUAN RD, CHANGPING DISTRICT, BEIJING F4 102206