PJSC Lukoil (WBO:LKOD) ROCE % : 45.85% (As of Sep. 2023)

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What is PJSC Lukoil 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 Lukoil's annualized ROCE % for the quarter that ended in Sep. 2023 was 45.85%.

PJSC Lukoil ROCE % Historical Data

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

PJSC Lukoil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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16.48

18.64

3.71

64.73

78.78

PJSC Lukoil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															36.68	41.36	33.12	99.31	45.85

PJSC Lukoil ROCE % Calculation

PJSC Lukoil's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	13886.541	/	( ( (25152.422 - 10727.954)	+	(35234.344 - 14405.786) )	/ 2 )
	=	13886.541	/	( (14424.468	+	20828.558)	/ 2 )
	=	13886.541	/	17626.513
	=	78.78 %

PJSC Lukoil'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 )
	=	7829	/	( ( (27977.76 - 10527.851)	+	(28891.326 - 12193.232) )	/ 2 )
	=	7829	/	( ( 17449.909	+	16698.094 )	/ 2 )
	=	7829	/	17074.0015
	=	45.85 %

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

PJSC Lukoil (WBO:LKOD) 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 Lukoil ROCE % Related Terms

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PJSC Lukoil (WBO:LKOD) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC Lukoil (WBO:LKOD) » Definitions » ROCE %

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LKOH:Russia

Address

11, Sretensky Boulevard, Moscow, RUS, 101000

Website

https://www.lukoil.com

PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.

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