Federal Grid Company Rosseti PJSC (MIC:FEES) ROCE % : 17.41% (As of Jun. 2023)

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What is Federal Grid Company Rosseti 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. Federal Grid Company Rosseti PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 17.41%.

Federal Grid Company Rosseti PJSC ROCE % Historical Data

The historical data trend for Federal Grid Company Rosseti 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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Federal Grid Company Rosseti PJSC ROCE % Chart

Federal Grid Company Rosseti PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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9.21

11.44

11.10

10.07

6.71

Federal Grid Company Rosseti PJSC Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun23
ROCE %	Get a 7-Day Free Trial															1.36	8.14	7.28	7.53	17.41

Federal Grid Company Rosseti PJSC ROCE % Calculation

Federal Grid Company Rosseti PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	81997	/	( ( (1290341 - 101226)	+	(1340158 - 84224) )	/ 2 )
	=	81997	/	( (1189115	+	1255934)	/ 2 )
	=	81997	/	1222524.5
	=	6.71 %

Federal Grid Company Rosseti 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: Sep. 2021 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Sep. 2021 )		(Q: Jun. 2023 )
	=	328200	/	( ( (1378054 - 72196)	+	(3062490 - 597774) )	/ 2 )
	=	328200	/	( ( 1305858	+	2464716 )	/ 2 )
	=	328200	/	1885287
	=	17.41 %

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

Federal Grid Company Rosseti PJSC (MIC:FEES) 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.

Federal Grid Company Rosseti PJSC ROCE % Related Terms

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Federal Grid Company Rosseti PJSC (MIC:FEES) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Federal Grid Company Rosseti PJSC (MIC:FEES) » Definitions » ROCE %

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Address

5A, Akademika Chelomeya Street, Moscow, RUS, 117630

Website

https://www.fsk-ees.ru

Federal Grid Company Rosseti PJSC is a Russian electric utility company of which the Russian Federation is the majority shareholder through its subsidiary, PJSC "Russian Grids." The company's principal activity is the transmission of electricity via the Russian Unified National Electric Grid. Federal Grid Company does this through its operation of numerous substations, transformers, and electricity transmission lines all throughout Russia. The vast majority of the company's revenue is derived from the provision of electricity transmission services to a variety of customers, such as industrial firms and other Russian utilities companies. This income stream is dependent upon changes in tariffs set by the Russian government and electricity demand.

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