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Century Global Commodities (Century Global Commodities) ROC (Joel Greenblatt) % : -12.34% (As of Dec. 2023)


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What is Century Global Commodities ROC (Joel Greenblatt) %?

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. Century Global Commodities's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -12.34%.

The historical rank and industry rank for Century Global Commodities's ROC (Joel Greenblatt) % or its related term are showing as below:

CEUMF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -883.92   Med: -91.38   Max: -13.3
Current: -13.62

During the past 13 years, Century Global Commodities's highest ROC (Joel Greenblatt) % was -13.30%. The lowest was -883.92%. And the median was -91.38%.

CEUMF's ROC (Joel Greenblatt) % is ranked worse than
89.78% of 313 companies
in the Retail - Defensive industry
Industry Median: 14.23 vs CEUMF: -13.62

Century Global Commodities's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 47.80% per year.


Century Global Commodities ROC (Joel Greenblatt) % Historical Data

The historical data trend for Century Global Commodities'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.

Century Global Commodities ROC (Joel Greenblatt) % Chart

Century Global Commodities Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -188.66 -131.70 -26.82 -29.49 -12.82

Century Global Commodities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROC (Joel Greenblatt) % 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 -9.71 -15.17 -13.21 -13.98 -12.34

Competitive Comparison of Century Global Commodities's ROC (Joel Greenblatt) %

For the Food Distribution subindustry, Century Global Commodities'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.


Century Global Commodities's ROC (Joel Greenblatt) % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Century Global Commodities's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Century Global Commodities's ROC (Joel Greenblatt) % falls into.



Century Global Commodities 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: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.351 + 1.259 + 0.224) - (1.817 + 0 + 0)
=1.017

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.395 + 1.571 + 0.213) - (2.212 + 0 + -4.4408920985006E-16)
=0.967

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Century Global Commodities for the quarter that ended in Dec. 2023 can be restated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.14/( ( (8.163 + max(1.017, 0)) + (8.328 + max(0.967, 0)) )/ 2 )
=-1.14/( ( 9.18 + 9.295 )/ 2 )
=-1.14/9.2375
=-12.34 %

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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.


Century Global Commodities  (OTCPK:CEUMF) 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.


Century Global Commodities ROC (Joel Greenblatt) % Related Terms

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


Century Global Commodities (Century Global Commodities) Business Description

Traded in Other Exchanges
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.

Century Global Commodities (Century Global Commodities) Headlines

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