Ceres Global Ag (Ceres Global Ag) ROE % : 2.61% (As of Mar. 2024)

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What is Ceres Global Ag ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ceres Global Ag's annualized net income for the quarter that ended in Mar. 2024 was $3.9 Mil. Ceres Global Ag's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $151.1 Mil. Therefore, Ceres Global Ag's annualized ROE % for the quarter that ended in Mar. 2024 was 2.61%.

The historical rank and industry rank for Ceres Global Ag's ROE % or its related term are showing as below:

CERGF' s ROE % Range Over the Past 10 Years
Min: -13.8 Med: -5.71 Max: 7.58
Current: 5.02

During the past 13 years, Ceres Global Ag's highest ROE % was 7.58%. The lowest was -13.80%. And the median was -5.71%.

CERGF's ROE % is ranked worse than
67.33% of 303 companies
in the Retail - Defensive industry
Industry Median: 9.77 vs CERGF: 5.02

Ceres Global Ag ROE % Historical Data

The historical data trend for Ceres Global Ag's ROE % 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.

Ceres Global Ag ROE % Chart

Ceres Global Ag Annual Data

Trend

Mar14

Mar15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROE %

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-12.13

3.15

7.98

-5.76

-5.42

Ceres Global Ag Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROE %	Get a 7-Day Free Trial															-1.53	-6.97	17.06	7.14	2.61

Competitive Comparison of Ceres Global Ag's ROE %

For the Food Distribution subindustry, Ceres Global Ag's ROE %, along with its competitors' market caps and ROE % 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.

Ceres Global Ag's ROE % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ceres Global Ag's ROE % distribution charts can be found below:

* The bar in red indicates where Ceres Global Ag's ROE % falls into.

Ceres Global Ag ROE % Calculation

Ceres Global Ag's annualized ROE % for the fiscal year that ended in Jun. 2023 is calculated as

ROE %	=	Net Income (A: Jun. 2023 )	/	( (Total Stockholders Equity (A: Jun. 2022 )	+	Total Stockholders Equity (A: Jun. 2023 ))	/ count )
	=	-7.912	/	( (149.505	+	142.658)	/ 2 )
	=	-7.912	/	146.0815
	=	-5.42 %

Ceres Global Ag's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %	=	Net Income (Q: Mar. 2024 )	/	( (Total Stockholders Equity (Q: Dec. 2023 )	+	Total Stockholders Equity (Q: Mar. 2024 ))	/ count )
	=	3.94	/	( (150.626	+	151.59)	/ 2 )
	=	3.94	/	151.108
	=	2.61 %

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.

Ceres Global Ag (OTCPK:CERGF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

	ROE %		(Q: Mar. 2024 )
=	Net Income	/	Total Stockholders Equity
=	3.94	/	151.108
=	(Net Income / Revenue )	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(3.94 / 849.276)	*	(849.276 / 298.8775)	*	(298.8775 / 151.108)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	0.46 %	*	2.8416	*	1.9779
=	ROA %	*	Equity Multiplier
=	1.31 %	*	1.9779
=	2.61 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

	ROE %		(Q: Mar. 2024 )
=	Net Income	/	Total Stockholders Equity
=	3.94	/	151.108
=	(Net Income / Pre-Tax Income)	*	(Pre-Tax Income / Operating Income)	*	(Operating Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(3.94 / 3.66)	*	(3.66 / 10.876)	*	(10.876 / 849.276)	*	(849.276 / 298.8775)	*	(298.8775 / 151.108)
=	Tax Burden	*	Interest Burden	*	Operating Margin %	*	Asset Turnover	*	Equity Multiplier
=	1.0765	*	0.3365	*	1.28 %	*	2.8416	*	1.9779
=	2.61 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
^* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

Ceres Global Ag ROE % Related Terms

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Ceres Global Ag (Ceres Global Ag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ceres Global Ag Corp (OTCPK:CERGF) » Definitions » ROE %

Comparable Companies

Traded in Other Exchanges

CRP:Canada

Address

701 Xenia Avenue S., Suite 400, Golden Valley, MN, USA, 55416

Website

https://www.ceresglobalagcorp.com

Ceres Global Ag Corp is engaged in the agricultural, energy, and industrial supply chains through sourcing, storing, transporting, and marketing of commodity-based products and raw materials. It has three operating segments. The Grain segment, which is the key revenue driver, is engaged in grain procurement and merchandising of specialty grains and oilseeds such as oats, barley, rye, hard red spring wheat, durum wheat, canola, and pulses. The Supply Chain Services segment utilizes the corporation's facilities to provide logistics services, storage, and transloading for commodities and industrial products. The Seed and Processing segment is engaged in soybean crush, specialty crops blending, birdfeed production, and seed distribution in Western Canada.