Korshynov Mining Plant PJSC (MIC:KOGK) ROCE % : -0.85% (As of Sep. 2023)

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What is Korshynov Mining Plant 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. Korshynov Mining Plant PJSC's annualized ROCE % for the quarter that ended in Sep. 2023 was -0.85%.

Korshynov Mining Plant PJSC ROCE % Historical Data

The historical data trend for Korshynov Mining Plant 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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Korshynov Mining Plant PJSC ROCE % Chart

Korshynov Mining Plant PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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16.02

6.93

15.61

7.40

12.14

Korshynov Mining Plant PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															11.27	8.11	-5.33	-	-0.85

Korshynov Mining Plant PJSC ROCE % Calculation

Korshynov Mining Plant 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 )
	=	6005.255	/	( ( (49293.729 - 3024.651)	+	(54454.648 - 1826.187) )	/ 2 )
	=	6005.255	/	( (46269.078	+	52628.461)	/ 2 )
	=	6005.255	/	49448.7695
	=	12.14 %

Korshynov Mining Plant PJSC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-505.796	/	( ( (67600.76 - 8064.321)	+	(69480.215 - 10143.653) )	/ 2 )
	=	-505.796	/	( ( 59536.439	+	59336.562 )	/ 2 )
	=	-505.796	/	59436.5005
	=	-0.85 %

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

Korshynov Mining Plant PJSC (MIC:KOGK) 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.

Korshynov Mining Plant PJSC ROCE % Related Terms

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Korshynov Mining Plant PJSC (MIC:KOGK) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Korshynov Mining Plant PJSC (MIC:KOGK) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ivashchenko 9A/1, Zheleznovorsk, Nizhneilimsky Region, Irkutsk, RUS, 665651

Website

http://www.korgok.com

Korshynov Mining Plant PJSC is engaged in iron ore mining and processing in Russia.

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