| Address:
|
744 HORIZON COURT,
SUITE 350 |
| City: |
GRAND JUNCTION, |
|
State: |
CO |
|
Zip Code: |
81506 |
| Telephone: |
970-245-9410 |
|
Description of Business
|
Primary SIC Code:
0200 |
| (As filed with the SEC)
|
|
|
We are a Nevada corporation engaged in the animal nutrition and commercial hog
producing businesses in the People's Republic of China ("China") through our
indirect operating subsidiaries. We were incorporated on March 30, 2005 in
Nevada. Since October 31, 2006, our principal place of business has been based
in China. As a result of a merger into a wholly-owned subsidiary, we changed our
name to AgFeed Industries, Inc. on November 17, 2006. Our principal executive
offices are located at Rm. A1001-1002, Tower 16, Hengmao Int'l Center, 333 S.
Guangchang Rd., Nanchang, Jiangxi Province, China 330003. Our telephone number
is +86-0791-6669093. Our website is http://www.agfeedinc.com.
Our animal nutrition business consists of the research and development,
manufacture, marketing and sale of additive premix ("premix"), concentrates and
complete feed for use in the domestic animal husbandry markets, primarily for
hog production in China. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2011 | -1.16 | NA | N/E | | 03/2011 | -0.94 | NA | N/E | | 12/2010 | -0.90 | NA | N/E | | 09/2010 | -0.42 | NA | N/E | | 06/2010 | 0.10 | NA | 29.30 | | 03/2010 | 0.19 | NA | 23.26 | | 12/2009 | 0.25 | NA | 20.00 | | 09/2009 | 0.29 | NA | 18.41 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.34 | Total Liab/Total Assets | 0.44 | | Net Inc/Total Assets | -0.19 | Total Liab/Inv Cap | 0.54 | | Net Inc/Inv Cap | -0.24 | Total Liab/Comm Equity | 0.79 | | Pretax Inc/Net Sales | -0.17 | Interest Coverage Ratio | -29.60 | | Net Inc/Net Sales | -0.18 | Curr Debt/Equity | 0.09 | | Cash Flow/Net Sales | -0.04 | LTD/Equity | 0.53 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.62 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 11.76 | Quick Ratio | 1.23 | | Inventory Turnover | 4.22 | Current Ratio | 3.94 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.19 | | Net Sales/Work Cap | 2.66 | Inv/Curr Assets | 0.69 | | Net Sales/PP&E | 3.69 | | |
Income Statement (Millions) |
| |
6/30/2011
|
3/31/2011
|
12/31/2010
|
9/30/2010
|
|
Total Revenues(Net Sales)
|
85.40
|
92.99
|
99.49
|
63.88
|
|
Cost of Goods Sold
|
77.31
|
85.11
|
98.02
|
60.09
|
|
Selling & Admin Exps
|
21.54
|
7.36
|
9.20
|
6.19
|
|
Operating Income
|
-13.45
|
0.52
|
-21.61
|
-19.15
|
|
Interest Exp
|
1.00
|
0.91
|
0.81
|
0.29
|
|
Pretax Income
|
-14.48
|
-0.40
|
-21.83
|
-20.32
|
|
Other Income
|
-0.04
|
0.00
|
0.60
|
-0.88
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-15.88
|
-1.55
|
-20.18
|
-20.64
|
|
Assets
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
9/30/2010
|
|
Cash & Short Term Investments
|
10.76
|
9.20
|
12.40
|
19.10
|
|
Receivables - Total
|
13.35
|
29.27
|
23.66
|
26.09
|
|
Inventories - Total
|
87.94
|
85.74
|
84.58
|
85.48
|
|
Total Current Assets
|
115.33
|
130.54
|
122.90
|
134.15
|
|
Net Property, Plant & Equipment
|
76.75
|
67.10
|
66.00
|
63.66
|
|
Total Assets
|
224.93
|
230.49
|
223.49
|
240.83
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
20.99
|
18.92
|
19.65
|
17.60
|
|
Debt in Current Liabilities
|
53.40
|
8.85
|
10.98
|
17.06
|
|
Total Current Liabilities
|
74.51
|
29.26
|
31.17
|
34.88
|
|
Long-Term Debt
|
23.47
|
68.68
|
66.88
|
61.38
|
|
Total Liabilities
|
98.03
|
98.03
|
98.20
|
96.44
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.05
|
0.09
|
0.15
|
0.18
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.06
|
0.06
|
0.05
|
0.00
|
|
Retained Earnings
|
-29.88
|
-14.03
|
-12.43
|
7.90
|
|
Treasury Stock
|
-1.86
|
-1.86
|
-1.86
|
-1.86
|
|
Total Stockholders' Equity
|
126.91
|
132.46
|
125.29
|
144.39
|
|
Total Liabilities and Stockholders' Equity
|
224.93
|
230.49
|
223.49
|
240.83
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
9/30/2010
|
|
Net Cash Provided by Operating Activities
|
2.12
|
-5.70
|
-5.50
|
-1.62
|
|
Net Cash Provided by Investing Activities
|
-8.52
|
-5.89
|
-7.11
|
-15.70
|
|
Net Cash Provided by Financing Activities
|
7.84
|
8.31
|
5.76
|
12.19
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 8.59 | 1.18 | 0.07 | | 12/2007 | 36.16 | 6.66 | 0.25 | | 12/2008 | 143.66 | 16.95 | 0.53 | | 12/2009 | 173.20 | 10.35 | 0.25 | | 12/2010 | 243.61 | -42.70 | -0.90 | | Growth Rates | 130.74 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 29 | 2,554 | 4.00 |
|
Report Date :
2/6/2012
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