Far-Eastern Energy Co PJSC (MIC:DVEC) ROC %: 9.26% (As of Jun. 2023)

What is Far-Eastern Energy Co PJSC ROC %?

Far-Eastern Energy Co PJSC MIC:DVEC -1.90% 17 ROC % is 9.26% as of Jun. 2023. GuruFocus rates MIC:DVEC with a GF Score™ of 17/100.

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Far-Eastern Energy Co PJSC's annualized return on capital (ROC %) for the quarter that ended in Jun. 2023 was 9.26%.

As of today (2026-07-01), Far-Eastern Energy Co PJSC's WACC % is 0.00%. Far-Eastern Energy Co PJSC's ROC % is 0.00% (calculated using TTM income statement data). Far-Eastern Energy Co PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Far-Eastern Energy Co PJSC (MIC:DVEC) ROC % Explanation

ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. 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 ROC % 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, Far-Eastern Energy Co PJSC's WACC % is 0.00%. Far-Eastern Energy Co PJSC's ROC % is 0.00% (calculated using TTM income statement data). Far-Eastern Energy Co PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Be Aware

Like ROE % and ROA %, ROC % 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.

Far-Eastern Energy Co PJSC ROC % Related Terms

Far-Eastern Energy Co PJSC ROC % Historical Data

* Premium members only.

The historical data trend for Far-Eastern Energy Co PJSC's ROC % 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.

Far-Eastern Energy Co PJSC ROC % Chart

Far-Eastern Energy Co PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC %

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3.73

44.94

41.64

8.40

7.45

Far-Eastern Energy Co PJSC Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROC %	Get a 7-Day Free Trial															8.30	9.87	9.05	2.60	9.26

17GF Score

Far-Eastern Energy Co PJSC MIC:DVEC

ROC % is just one metric. See GF Score™, valuation, warning signs, and more.

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Far-Eastern Energy Co PJSC ROC % Calculation

Far-Eastern Energy Co PJSC's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2022 is calculated as:

	ROC % (A: Dec. 2022 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2021 )	+	Invested Capital (A: Dec. 2022 ))	/ count )
=	5927 * ( 1 - 26.75% )	/	( (57278	+	59324)	/ 2 )
=	4341.5275	/	58301
=	7.45 %

where

	Invested Capital		(A: Dec. 2021 )
=	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	))
=	59423	-	13496	-	( 6971	-	max(0, 29906	-	18555	+	6971	))
=	57278

	Invested Capital		(A: Dec. 2022 )
=	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	))
=	64812	-	12875	-	( 3147	-	max(0, 24563	-	17176	+	3147	))
=	59324

Far-Eastern Energy Co PJSC's annualized Return on Capital (ROC %) for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	7190 * ( 1 - 19.74% )	/	( (59324	+	65378)	/ 2 )
=	5770.694	/	62351
=	9.26 %

where

	Invested Capital		(Q: Dec. 2022 )
=	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	))
=	64812	-	12875	-	( 3147	-	max(0, 24563	-	17176	+	3147	))
=	59324

	Invested Capital		(Q: Jun. 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	))
=	70930	-	11176	-	( 3041	-	max(0, 24490	-	18866	+	3041	))
=	65378

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of 9.26% mean?

Far-Eastern Energy Co PJSC (MIC:DVEC) has a ROC % of 9.26% as of Jun. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Far-Eastern Energy Co PJSC and its competitors.

Is Far-Eastern Energy Co PJSC's ROC % too high?

Far-Eastern Energy Co PJSC's current ROC % is 9.26%. The Utilities - Regulated industry median ROC % is 4.18. Far-Eastern Energy Co PJSC's value of 9.26% is 121.5% above this industry median. Overall, Far-Eastern Energy Co PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Far-Eastern Energy Co PJSC's ROC % compare to NEE and SO?

Far-Eastern Energy Co PJSC's ROC % of 9.26% can be compared against companies in the Utilities - Regulated industry. The industry median ROC % is 4.18. Far-Eastern Energy Co PJSC's value of 9.26% is 121.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for an Utilities - Regulated company?

The median ROC % among Utilities - Regulated companies is 4.18, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Far-Eastern Energy Co PJSC's current ROC % of 9.26% is 121.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROC % mean?

A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Far-Eastern Energy Co PJSC and its competitors. For the Utilities - Regulated industry, the median ROC % is 4.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far-Eastern Energy Co PJSC's current ROC % is 9.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Far-Eastern Energy Co PJSC stock overvalued right now?

Far-Eastern Energy Co PJSC (MIC:DVEC) has a current ROC % of 9.26%. The current ROC % is 9.26% and 121.5% above the Utilities - Regulated industry median of 4.18. Far-Eastern Energy Co PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROC % calculated?

ROC % is calculated from a company's financial statements. For Far-Eastern Energy Co PJSC (MIC:DVEC), the current ROC % is 9.26% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Far-Eastern Energy Co PJSC Business Description

Industry Utilities Utilities - Regulated

Comparable Companies MIC:MRKS MIC:MSRS MIC:MRKK MIC:VRSB MIC:RTSB MIC:KCHE MIC:TGKA MIC:MRKP MIC:MRKU MIC:NNSB NEE SO DUK LSE:NG.PCG AEP EXC D XEL ED

Address ul. Tigrovaya, 19, Primorsky Territory, Vladivostok, RUS, 690091

Website http://www.dvec.ru

Far-Eastern Energy Co PJSC formerly Far East Energy Co PJSC supplies electricity to households and businesses.

17GF Score

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