PJSC RussNeft (MIC:RNFT) ROCE % : 21.06% (As of Dec. 2023)

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What is PJSC RussNeft 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. PJSC RussNeft's annualized ROCE % for the quarter that ended in Dec. 2023 was 21.06%.

PJSC RussNeft ROCE % Historical Data

The historical data trend for PJSC RussNeft'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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PJSC RussNeft ROCE % Chart

PJSC RussNeft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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18.13

-6.00

26.39

15.98

12.78

PJSC RussNeft Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															31.49	28.44	-	4.46	21.06

PJSC RussNeft ROCE % Calculation

PJSC RussNeft's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	29041	/	( ( (0 - 0)	+	(320728 - 93523) )	/ 1 )
	=	29041	/	( (0	+	227205)	/ 1 )
	=	29041	/	227205
	=	12.78 %

PJSC RussNeft's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Jun. 2023 )		(Q: Dec. 2023 )
	=	47918	/	( ( (311065 - 83216)	+	(320728 - 93523) )	/ 2 )
	=	47918	/	( ( 227849	+	227205 )	/ 2 )
	=	47918	/	227527
	=	21.06 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2023) EBIT data.

PJSC RussNeft (MIC:RNFT) 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.

PJSC RussNeft ROCE % Related Terms

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PJSC RussNeft (MIC:RNFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC RussNeft (MIC:RNFT) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Pyatnitskaya Street, Moscow, RUS, 115054

Website

https://www.russneft.ru

PJSC RussNeft is engaged in the exploration, development, production, and marketing of oil and gas. Its operations include oil production, gas production, exploration and reserves, and technological development. The company has activities in Moscow, Raduzhny, Tomsk, Saratov, Bryansk, Ulyanovsk, Khanty-Mansiysk, and Nizhnevartovsk. The company operates in three principal geographical areas: Europe and other export, the Commonwealth of Independent States (the "CIS") and the Russian Federation (Russia).

PJSC RussNeft (MIC:RNFT) Headlines

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