PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) ROCE % : 30.98% (As of Dec. 2023)

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What is PJSC Mining & Metallurgical Co Norilsk Nickel 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 Mining & Metallurgical Co Norilsk Nickel's annualized ROCE % for the quarter that ended in Dec. 2023 was 30.98%.

PJSC Mining & Metallurgical Co Norilsk Nickel ROCE % Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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 Mining & Metallurgical Co Norilsk Nickel ROCE % Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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59.75

32.24

65.08

48.68

24.28

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
	Jun14	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															56.41	74.39	11.55	16.81	30.98

PJSC Mining & Metallurgical Co Norilsk Nickel ROCE % Calculation

PJSC Mining & Metallurgical Co Norilsk Nickel'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 )
	=	3716.601	/	( ( (24350.48 - 7258.416)	+	(21622.86 - 8098.027) )	/ 2 )
	=	3716.601	/	( (17092.064	+	13524.833)	/ 2 )
	=	3716.601	/	15308.4485
	=	24.28 %

PJSC Mining & Metallurgical Co Norilsk Nickel'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 )
	=	4636.352	/	( ( (21213.309 - 4809.753)	+	(21622.86 - 8098.027) )	/ 2 )
	=	4636.352	/	( ( 16403.556	+	13524.833 )	/ 2 )
	=	4636.352	/	14964.1945
	=	30.98 %

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

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) 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.

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

GMKN:Russia

Address

15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100

Website

https://www.nornickel.com

PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

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