Century Global Commodities (TSX:CNT) ROCE % : -8.09% (As of Dec. 2023)

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What is Century Global Commodities 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. Century Global Commodities's annualized ROCE % for the quarter that ended in Dec. 2023 was -8.09%.

Century Global Commodities ROCE % Historical Data

The historical data trend for Century Global Commodities'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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Century Global Commodities ROCE % Chart

Century Global Commodities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

ROCE %

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-17.83

-21.42

-7.36

-12.30

-7.15

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
ROCE %	Get a 7-Day Free Trial															-5.91	-9.38	-8.27	-9.31	-8.09

Century Global Commodities ROCE % Calculation

Century Global Commodities's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	-1.489	/	( ( (24.322 - 2.477)	+	(23.005 - 3.201) )	/ 2 )
	=	-1.489	/	( (21.845	+	19.804)	/ 2 )
	=	-1.489	/	20.8245
	=	-7.15 %

Century Global Commodities's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-1.528	/	( ( (21.579 - 2.597)	+	(21.879 - 3.08) )	/ 2 )
	=	-1.528	/	( ( 18.982	+	18.799 )	/ 2 )
	=	-1.528	/	18.8905
	=	-8.09 %

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

Century Global Commodities (TSX:CNT) 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.

Century Global Commodities ROCE % Related Terms

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Century Global Commodities (TSX:CNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Century Global Commodities Corp (TSX:CNT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CEUMF:USA

Address

Houston Centre, 63 Mody Road, Unit 905-6, 9th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.centuryglobal.ca

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 (TSX:CNT) Headlines

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