APSKY (Primorsk Shipping PJS) ROIC % : -2.92% (As of Dec. 2024)

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What is Primorsk Shipping PJS ROIC %?

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Primorsk Shipping PJS's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2024 was -2.92%.

As of today (2025-07-21), Primorsk Shipping PJS's WACC % is 13.41%. Primorsk Shipping PJS's ROIC % is 0.00% (calculated using TTM income statement data). Primorsk Shipping PJS earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Primorsk Shipping PJS ROIC % Historical Data

The historical data trend for Primorsk Shipping PJS's ROIC % 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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Primorsk Shipping PJS ROIC % Chart

Primorsk Shipping PJS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

ROIC %

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0.08

-2.66

-1.71

-1.96

-1.21

Primorsk Shipping PJS Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROIC %	Get a 7-Day Free Trial															-3.55	-3.65	-0.96	0.74	-2.92

Competitive Comparison of Primorsk Shipping PJS's ROIC %

For the Marine Shipping subindustry, Primorsk Shipping PJS's ROIC %, along with its competitors' market caps and ROIC % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Primorsk Shipping PJS's ROIC % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Primorsk Shipping PJS's ROIC % distribution charts can be found below:

* The bar in red indicates where Primorsk Shipping PJS's ROIC % falls into.

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Primorsk Shipping PJS ROIC % Calculation

Primorsk Shipping PJS's annualized Return on Invested Capital (ROIC %) for the fiscal year that ended in Dec. 2024 is calculated as:

	ROIC % (A: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2023 )	+	Invested Capital (A: Dec. 2024 ))	/ count )
=	-0.053 * ( 1 - 4.9% )	/	( (4.572	+	3.787)	/ 2 )
=	-0.050403	/	4.1795
=	-1.21 %

where

	Invested Capital		(A: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.785	-	1.203	-	( 0.895	-	max(0, 1.272	-	1.282	+	0.895	))
=	4.572

	Invested Capital		(A: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.215	-	0.781	-	( 0.647	-	max(0, 0.853	-	2.329	+	0.647	))
=	3.787

Primorsk Shipping PJS's annualized Return on Invested Capital (ROIC %) for the quarter that ended in Dec. 2024 is calculated as:

	ROIC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2024 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	-0.118 * ( 1 - 10.14% )	/	( (3.464	+	3.787)	/ 2 )
=	-0.1060348	/	3.6255
=	-2.92 %

where

	Invested Capital		(Q: Jun. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.715	-	1.109	-	( 1.142	-	max(0, 1.184	-	2.557	+	1.142	))
=	3.464

	Invested Capital		(Q: Dec. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5.215	-	0.781	-	( 0.647	-	max(0, 0.853	-	2.329	+	0.647	))
=	3.787

Note: The Operating Income data used here is two times the semi-annual (Dec. 2024) data.

Primorsk Shipping PJS (GREY:APSKY) ROIC % Explanation

ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.

There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.

Why is ROIC % important?

Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.

As of today, Primorsk Shipping PJS's WACC % is 13.41%. Primorsk Shipping PJS's ROIC % is 0.00% (calculated using TTM income statement data).

Be Aware

Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Primorsk Shipping PJS ROIC % Related Terms

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Primorsk Shipping PJS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Primorsk Shipping Corp PJS (GREY:APSKY) » Definitions » ROIC %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Administrativny Gorodok, Nakhodka, Primorsky Krai, RUS, 692904

Website

http://www.prisco.ru

Primorsk Shipping Corp PJS through its fleet of oil tankers delivers various oil product cargoes to the ports of the Russian Far East and the eastern sector of Arctic. The company is also engaged in the recruitment and employment of Russian seafarers to the vessels of shipping companies, maritime consulting services, and winterization of the vessel. It also provides a wide range of services in the field of maritime training, shipping agency, medical and hospitality businesses.

Primorsk Shipping PJS Headlines

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