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Century Sunshine Group Holdings (FRA:CSI) ROC (Joel Greenblatt) % : -9.47% (As of Dec. 2023)


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What is Century Sunshine Group Holdings 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 Sunshine Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -9.47%.

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

FRA:CSI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -24.65   Med: 15.13   Max: 25.65
Current: -11.05

During the past 13 years, Century Sunshine Group Holdings's highest ROC (Joel Greenblatt) % was 25.65%. The lowest was -24.65%. And the median was 15.13%.

FRA:CSI's ROC (Joel Greenblatt) % is ranked worse than
82.66% of 248 companies
in the Agriculture industry
Industry Median: 9.445 vs FRA:CSI: -11.05

Century Sunshine Group Holdings's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 0.00% per year.


Century Sunshine Group Holdings ROC (Joel Greenblatt) % Historical Data

The historical data trend for Century Sunshine Group Holdings'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 Sunshine Group Holdings ROC (Joel Greenblatt) % Chart

Century Sunshine Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.42 -14.17 -24.61 -25.58 -11.31

Century Sunshine Group Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -44.91 -17.26 -31.93 -11.82 -9.47

Competitive Comparison of Century Sunshine Group Holdings's ROC (Joel Greenblatt) %

For the Agricultural Inputs subindustry, Century Sunshine Group Holdings'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 Sunshine Group Holdings's ROC (Joel Greenblatt) % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Century Sunshine Group Holdings's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Century Sunshine Group Holdings's ROC (Joel Greenblatt) % falls into.



Century Sunshine Group Holdings 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: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3.878 + 22.896 + 0) - (15.05 + 0 + 106.015)
=-94.291

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0.344 + 14.401 + 13.554) - (14.385 + 0 + 62.446)
=-48.532

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of Century Sunshine Group Holdings 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: Jun. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-29.11/( ( (351.537 + max(-94.291, 0)) + (263.177 + max(-48.532, 0)) )/ 2 )
=-29.11/( ( 351.537 + 263.177 )/ 2 )
=-29.11/307.357
=-9.47 %

Note: The EBIT data used here is two times the semi-annual (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 Sunshine Group Holdings  (FRA:CSI) 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 Sunshine Group Holdings ROC (Joel Greenblatt) % Related Terms

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Century Sunshine Group Holdings (FRA:CSI) Business Description

Traded in Other Exchanges
Address
16th Floor, Tower 5, The Gateway, Tsim Sha Tsui, Kowloon, Harbour City, HKG
Century Sunshine Group Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the magnesium products business, fertilizer business, and metallurgical flux business. The magnesium Product segment is engaged in the manufacture and sales of magnesium alloys. Metallurgical Flux segment is engaged in the sales of metallurgical flux, such as serpentine and the Fertilizer segment is engaged in the production and sales of fertilizers, including organic fertilizers and compound fertilizers. The revenue is mainly derived from China.

Century Sunshine Group Holdings (FRA:CSI) Headlines

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