MULG (Muliang Viagoo Technology) ROC %: -18.80% (As of Dec. 2023)

What is Muliang Viagoo Technology ROC %?

Muliang Viagoo Technology MULG 12 ROC % is -18.80% as of Dec. 2023. GuruFocus rates MULG with a GF Score™ of 12/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Muliang Viagoo Technology's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was -18.80%.

As of today (2026-07-04), Muliang Viagoo Technology's WACC % is 0.00%. Muliang Viagoo Technology's ROC % is 0.00% (calculated using TTM income statement data). Muliang Viagoo Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Muliang Viagoo Technology (OTCPK:MULG) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Muliang Viagoo Technology's WACC % is 0.00%. Muliang Viagoo Technology's ROC % is 0.00% (calculated using TTM income statement data). Muliang Viagoo Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Muliang Viagoo Technology ROC % Related Terms

Muliang Viagoo Technology ROC % Historical Data

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The historical data trend for Muliang Viagoo Technology's ROC % 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.

Muliang Viagoo Technology ROC % Chart

Muliang Viagoo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROC %

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10.84

7.63

8.78

18.75

2.55

Muliang Viagoo Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROC %	Get a 7-Day Free Trial															32.50	8.73	8.46	16.24	-18.80

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Muliang Viagoo Technology Inc MULG

ROC % is just one metric. See GF Score™, valuation, warning signs, and more.

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Muliang Viagoo Technology ROC % Calculation

Muliang Viagoo Technology's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2023 is calculated as:

	ROC % (A: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2022 )	+	Invested Capital (A: Dec. 2023 ))	/ count )
=	0.467 * ( 1 - 0% )	/	( (18.258	+	18.312)	/ 2 )
=	0.467	/	18.285
=	2.55 %

where

	Invested Capital		(A: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	25.091	-	6.825	-	( 0.008	-	max(0, 9.222	-	17.335	+	0.008	))
=	18.258

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	22.145	-	3.832	-	( 0.001	-	max(0, 4.843	-	14.548	+	0.001	))
=	18.312

Muliang Viagoo Technology's annualized Return on Capital (ROC %) for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-6.376 * ( 1 - 45.48% )	/	( (18.66	+	18.312)	/ 2 )
=	-3.4761952	/	18.486
=	-18.80 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	26.454	-	7.791	-	( 0.003	-	max(0, 8.861	-	19.369	+	0.003	))
=	18.66

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	22.145	-	3.832	-	( 0.001	-	max(0, 4.843	-	14.548	+	0.001	))
=	18.312

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -18.80% mean?

Muliang Viagoo Technology (MULG) has a ROC % of -18.80% as of Dec. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Muliang Viagoo Technology and its competitors.

Is Muliang Viagoo Technology's ROC % too high?

Muliang Viagoo Technology's current ROC % is -18.80%. Overall, Muliang Viagoo Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Muliang Viagoo Technology's ROC % compare to BHIL and CGA?

Muliang Viagoo Technology's ROC % of -18.80% can be compared against companies in the Agriculture industry. The industry median ROC % is 5.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for an Agriculture company?

The median ROC % among Agriculture companies is 5.48, based on 257 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Muliang Viagoo Technology and its competitors. For the Agriculture industry, the median ROC % is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muliang Viagoo Technology's current ROC % is -18.80%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Muliang Viagoo Technology stock overvalued right now?

Muliang Viagoo Technology (MULG) has a current ROC % of -18.80%. The current ROC % is -18.80%. Muliang Viagoo Technology's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Muliang Viagoo Technology (MULG), the current ROC % is -18.80% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Muliang Viagoo Technology Business Description

Industry Basic Materials Agriculture

Comparable Companies BHIL CGA PUBC SEED YTEN SVFD YCQH CTVA TSX:NTR SAU:2020 CF SZSE:000792 MOS MIC:PHOR OSL:YAR MIC:AKRN FMC ADX:FERTIGLB XTAE:ICL NSE:PIIND

Address 2498 Wanfeng Highway, Lane 181, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website http://www.cmuliang.com

Muliang Viagoo Technology Inc is in the business of developing, manufacturing, and selling organic fertilizers and bio-organic fertilizers for use in the agricultural industry in the Peoples Republic of China. Organic fertilizer products are sold under the VIE and its subsidiaries' brand names Zongbao, Fukang, and Muliang. The company has a fertilizer plant in Weiha City. It is also engaged in the sales of agricultural products in the Peoples' Republic of China. The company gains maximum of its revenue from China.

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