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Century Global Commodities (TSX:CNT) ROIC % : -7.87% (As of Sep. 2024)


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What is Century Global Commodities ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Century Global Commodities's annualized return on invested capital (ROIC %) for the quarter that ended in Sep. 2024 was -7.87%.

As of today (2024-12-14), Century Global Commodities's WACC % is 2.61%. Century Global Commodities's ROIC % is -11.42% (calculated using TTM income statement data). Century Global Commodities earns returns that do not match up to its cost of capital. It will destroy value as it grows.


Century Global Commodities ROIC % Historical Data

The historical data trend for Century Global Commodities's ROIC % 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.

Century Global Commodities ROIC % Chart

Century Global Commodities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -19.34 -23.14 -27.72 -15.34 -14.42

Century Global Commodities Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROIC % 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 -14.98 -12.96 -15.06 -9.99 -7.87

Competitive Comparison of Century Global Commodities's ROIC %

For the Food Distribution subindustry, Century Global Commodities's ROIC %, along with its competitors' market caps and ROIC % 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.


Century Global Commodities's ROIC % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Century Global Commodities's ROIC % distribution charts can be found below:

* The bar in red indicates where Century Global Commodities's ROIC % falls into.



Century Global Commodities ROIC % Calculation

Century Global Commodities's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Mar. 2024 is calculated as:

ROIC % (A: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Mar. 2023 ) + Invested Capital (A: Mar. 2024 ))/ count )
=-1.874 * ( 1 - -2.82% )/( (13.388 + 13.335)/ 2 )
=-1.9268468/13.3615
=-14.42 %

where

Century Global Commodities's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Sep. 2024 is calculated as:

ROIC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=-1.092 * ( 1 - 0% )/( (13.896 + 13.866)/ 2 )
=-1.092/13.881
=-7.87 %

where

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) 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.


Century Global Commodities  (TSX:CNT) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Century Global Commodities's WACC % is 2.61%. Century Global Commodities's ROIC % is -11.42% (calculated using TTM income statement data).


Be Aware

Like ROE % and ROA %, ROIC % 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.


Century Global Commodities ROIC % Related Terms

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Century Global Commodities Business Description

Traded in Other Exchanges
N/A
Address
Houston Centre, 63 Mody Road, Unit 905-6, 9th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG
Century Global Commodities Corp is a diversified company primarily engaged in exploration and mining activities with assets in the Provinces of Newfoundland and Labrador, and Quebec, Canada. It also has operations in the distribution of food in China. Its segments include the Mining segment, which engages in the exploration and development of mineral projects in Canada and the investment in global mining securities; the Food segment, which engages in the distribution of food and the provision of food service in Hong Kong and Mainland China; and the Corporate segment, which mainly represents the group's corporate and managerial functions. It derives a majority of its revenue from the Food segment.
Executives
Sandy Chun Kwan Chim Director, Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Century Global Commodities Headlines

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