Gazprom Neft PJSC (Gazprom Neft PJSC) ROCE % : 17.03% (As of Jun. 2023)

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What is Gazprom Neft PJSC 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. Gazprom Neft PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 17.03%.

Gazprom Neft PJSC ROCE % Historical Data

The historical data trend for Gazprom Neft PJSC'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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Gazprom Neft PJSC ROCE % Chart

Gazprom Neft PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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15.21

16.95

18.17

4.62

18.70

Gazprom Neft PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															19.78	20.33	21.31	39.20	17.03

Gazprom Neft PJSC ROCE % Calculation

Gazprom Neft PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2021 )		(A: Dec. 2020 )		(A: Dec. 2021 )
	=	8907.798	/	( ( (57153.241 - 10550.213)	+	(67092.353 - 18445.73) )	/ 2 )
	=	8907.798	/	( (46603.028	+	48646.623)	/ 2 )
	=	8907.798	/	47624.8255
	=	18.70 %

Gazprom Neft PJSC's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	8900.108	/	( ( (0 - 0)	+	(63761.803 - 11488.88) )	/ 1 )
	=	8900.108	/	( ( 0	+	52272.923 )	/ 1 )
	=	8900.108	/	52272.923
	=	17.03 %

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

Gazprom Neft PJSC (OTCPK:GZPFY) 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.

Gazprom Neft PJSC ROCE % Related Terms

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Gazprom Neft PJSC (Gazprom Neft PJSC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gazprom Neft PJSC (OTCPK:GZPFY) » Definitions » ROCE %

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SIBN:Russia

Address

3-5 Pochtamtskaya Street, Saint Petersburg, RUS, 190000

Website

https://www.gazprom-neft.com

Gazprom Neft PJSC is a vertically integrated oil company. The company along with its subsidiaries is engaged in the exploration, development of crude oil and gas as well as the production and sale of petroleum products. It operates in two segments namely; the exploration, development, and production of crude oil and natural gas, and oilfield services, and key revenue driver segment includes refining and marketing including processing crude into refined products and purchases, sells and transports crude and refined petroleum products.

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