Origin Agritech (STU:39O1) ROCE % : 0.00% (As of Mar. 2024)

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What is Origin Agritech 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. Origin Agritech's annualized ROCE % for the quarter that ended in Mar. 2024 was 0.00%.

Origin Agritech ROCE % Historical Data

The historical data trend for Origin Agritech'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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Origin Agritech ROCE % Chart

Origin Agritech Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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-1,071.20

-211.04

Origin Agritech Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
ROCE %	Get a 7-Day Free Trial															-	-	-	-	-

Origin Agritech ROCE % Calculation

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

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	8.193	/	( ( (19.562 - 42.139)	+	(30.623 - 40.246) )	/ 2 )
	=	8.193	/	( (-22.577	+	-9.623)	/ 2 )
	=	8.193	/	-16.1
	=	-50.89 %

Origin Agritech's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Sep. 2023 )		(Q: Mar. 2024 )
	=	1.088	/	( ( (30.623 - 40.246)	+	(28.542 - 37.514) )	/ 2 )
	=	1.088	/	( ( -9.623	+	-8.972 )	/ 2 )
	=	1.088	/	-9.2975
	=	0 %

(1) Note: The EBIT data used here is two times the semi-annual (Mar. 2024) EBIT data.

Origin Agritech (STU:39O1) 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.

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Origin Agritech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Origin Agritech Ltd (STU:39O1) » Definitions » ROCE %

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Traded in Other Exchanges

SEED:USA

Address

No. 21 Sheng Ming Yuan Road, Changping District, Beijing, CHN, 102206

Website

http://www.originseed.com.cn

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.

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