Korshynov Mining Plant PJSC (MIC:KOGK) ROC %: -7.09% (As of Sep. 2023)

What is Korshynov Mining Plant PJSC ROC %?

Korshynov Mining Plant PJSC MIC:KOGK +10.11% 17 ROC % is -7.09% as of Sep. 2023. GuruFocus rates MIC:KOGK 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 %. Korshynov Mining Plant PJSC's annualized return on capital (ROC %) for the quarter that ended in Sep. 2023 was -7.09%.

As of today (2026-06-29), Korshynov Mining Plant PJSC's WACC % is 0.00%. Korshynov Mining Plant PJSC's ROC % is 0.00% (calculated using TTM income statement data). Korshynov Mining Plant PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Korshynov Mining Plant PJSC (MIC:KOGK) 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, Korshynov Mining Plant PJSC's WACC % is 0.00%. Korshynov Mining Plant PJSC's ROC % is 0.00% (calculated using TTM income statement data). Korshynov Mining Plant 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.

Korshynov Mining Plant PJSC ROC % Related Terms

Korshynov Mining Plant PJSC ROC % Historical Data

* Premium members only.

The historical data trend for Korshynov Mining Plant 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.

Korshynov Mining Plant PJSC ROC % Chart

Korshynov Mining Plant PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROC %

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6.36

0.91

10.58

4.34

7.16

Korshynov Mining Plant PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23
ROC %	Get a 7-Day Free Trial															2.14	0.63	-8.10	0.00	-7.09

17GF Score

Korshynov Mining Plant PJSC MIC:KOGK

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

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Korshynov Mining Plant PJSC ROC % Calculation

Korshynov Mining Plant PJSC's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2021 is calculated as:

	ROC % (A: Dec. 2021 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (A: Dec. 2020 )	+	Invested Capital (A: Dec. 2021 ))	/ count )
=	4214.017 * ( 1 - 15.47% )	/	( (46506.647	+	52945.963)	/ 2 )
=	3562.1085701	/	49726.305
=	7.16 %

where

	Invested Capital		(A: Dec. 2020 )
=	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	))
=	49293.729	-	2787.025	-	( 0.057	-	max(0, 3024.651	-	14732.488	+	0.057	))
=	46506.647

	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	))
=	54454.648	-	1508.232	-	( 0.453	-	max(0, 1826.187	-	17789.161	+	0.453	))
=	52945.963

Korshynov Mining Plant PJSC's annualized Return on Capital (ROC %) for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-5548.42 * ( 1 - 15.32% )	/	( (64791.2	+	67783.282)	/ 2 )
=	-4698.402056	/	66287.241
=	-7.09 %

where

	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	))
=	67600.76	-	2809.166	-	( 0.394	-	max(0, 8064.321	-	21561.386	+	0.394	))
=	64791.2

	Invested Capital		(Q: Sep. 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	))
=	69480.215	-	1696.861	-	( 0.072	-	max(0, 10143.653	-	23056.393	+	0.072	))
=	67783.282

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data. The tax rate is limited to between 0% and 100%.

Frequently Asked Questions Learn more about ROC % →

What does a ROC % of -7.09% mean?

Korshynov Mining Plant PJSC (MIC:KOGK) has a ROC % of -7.09% as of Sep. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Korshynov Mining Plant PJSC and its competitors.

Is Korshynov Mining Plant PJSC's ROC % too high?

Korshynov Mining Plant PJSC's current ROC % is -7.09%. Overall, Korshynov Mining Plant PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Korshynov Mining Plant PJSC's ROC % compare to NUE and STLD?

Korshynov Mining Plant PJSC's ROC % of -7.09% can be compared against companies in the Steel industry. The industry median ROC % is 2.51. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROC % for a Steel company?

The median ROC % among Steel companies is 2.51, based on 622 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. 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 Korshynov Mining Plant PJSC and its competitors. For the Steel industry, the median ROC % is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Korshynov Mining Plant PJSC's current ROC % is -7.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Korshynov Mining Plant PJSC stock overvalued right now?

Korshynov Mining Plant PJSC (MIC:KOGK) has a current ROC % of -7.09%. The current ROC % is -7.09%. Korshynov Mining Plant 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 Korshynov Mining Plant PJSC (MIC:KOGK), the current ROC % is -7.09% as of Sep. 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.

Korshynov Mining Plant PJSC Business Description

Industry Basic Materials Steel

Comparable Companies MIC:URKZ MIC:CHMK MIC:AMEZ NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708 SHSE:600010 JSE:KIO CLF TSE:5411

Address Ivashchenko 9A/1, Zheleznovorsk, Nizhneilimsky Region, Irkutsk, RUS, 665651

Website http://www.korgok.com

Korshynov Mining Plant PJSC is engaged in iron ore mining and processing in Russia.

17GF Score

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