Saratov Oil Refinery PJSC (MIC:KRKN) ROC %: -3.06% (As of Sep. 2023)


MIC:KRKN Saratov Oil Refinery PJSC MIC:KRKN
17 GF Score
Price ₽9,850.00
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What is Saratov Oil Refinery PJSC ROC %?

Saratov Oil Refinery PJSC MIC:KRKN -1.99% 17 ROC % is -3.06% as of Sep. 2023. GuruFocus rates MIC:KRKN 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 %. Saratov Oil Refinery PJSC's annualized return on capital (ROC %) for the quarter that ended in Sep. 2023 was -3.06%.

As of today (2026-07-02), Saratov Oil Refinery PJSC's WACC % is 0.00%. Saratov Oil Refinery PJSC's ROC % is 0.00% (calculated using TTM income statement data). Saratov Oil Refinery PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.

Saratov Oil Refinery PJSC  (MIC:KRKN) 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, Saratov Oil Refinery PJSC's WACC % is 0.00%. Saratov Oil Refinery PJSC's ROC % is 0.00% (calculated using TTM income statement data). Saratov Oil Refinery 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.

Saratov Oil Refinery PJSC ROC % Related Terms

Saratov Oil Refinery PJSC ROC % Historical Data

* Premium members only.

The historical data trend for Saratov Oil Refinery 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.

Saratov Oil Refinery PJSC ROC % Chart

Saratov Oil Refinery PJSC Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.40 10.71 13.81 14.57 8.51

Saratov Oil Refinery PJSC Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Sep22 Jun23 Sep23
ROC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.32 18.86 6.35 0.00 -3.06
MIC:KRKN
17GF Score
Saratov Oil Refinery PJSC MIC:KRKN
ROC % is just one metric. See GF Score™, valuation, warning signs, and more.
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Saratov Oil Refinery PJSC ROC % Calculation

Saratov Oil Refinery PJSC's annualized Return on Capital (ROC %) for the fiscal year that ended in Dec. 2020 is calculated as:

ROC % (A: Dec. 2020 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (A: Dec. 2019 ) + Invested Capital (A: Dec. 2020 ))/ count )
=3695.441 * ( 1 - 21.1% )/( (33100.479 + 35424.495)/ 2 )
=2915.702949/34262.487
=8.51 %

where

Invested Capital(A: Dec. 2019 )
=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))
=36402.788 - 3302.121 - ( 0.188 - max(0, 3653.76 - 19681.34+0.188))
=33100.479

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))
=40150.939 - 4726.087 - ( 0.357 - max(0, 5097.36 - 24272.549+0.357))
=35424.495

Saratov Oil Refinery 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 )
=-1686.26 * ( 1 - 18.35% )/( (45273.812 + 44610.598)/ 2 )
=-1376.83129/44942.205
=-3.06 %

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))
=50647.657 - 5373.169 - ( 0.676 - max(0, 5926.309 - 34435.703+0.676))
=45273.812

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))
=47527.147 - 2916.053 - ( 0.496 - max(0, 3219.397 - 30701.575+0.496))
=44610.598

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%.

* 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.

Frequently Asked Questions Learn more about ROC % →
What does a ROC % of -3.06% mean?
Saratov Oil Refinery PJSC (MIC:KRKN) has a ROC % of -3.06% as of Sep. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Saratov Oil Refinery PJSC and its competitors.
Is Saratov Oil Refinery PJSC's ROC % too high?
Saratov Oil Refinery PJSC's current ROC % is -3.06%. Overall, Saratov Oil Refinery PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Saratov Oil Refinery PJSC's ROC % compare to MPC and PSX?
Saratov Oil Refinery PJSC's ROC % of -3.06% can be compared against companies in the Oil & Gas industry. The industry median ROC % is 3.65. 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 Oil & Gas company?
The median ROC % among Oil & Gas companies is 3.65, based on 999 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 Saratov Oil Refinery PJSC and its competitors. For the Oil & Gas industry, the median ROC % is 3.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saratov Oil Refinery PJSC's current ROC % is -3.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saratov Oil Refinery PJSC stock overvalued right now?
Saratov Oil Refinery PJSC (MIC:KRKN) has a current ROC % of -3.06%. The current ROC % is -3.06%. Saratov Oil Refinery 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 Saratov Oil Refinery PJSC (MIC:KRKN), the current ROC % is -3.06% 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.

Saratov Oil Refinery PJSC Business Description

Industry EnergyOil & Gas
Address Bryanskaya street 1, Saratov, RUS, 410022
Saratov Oil Refinery PJSC is engaged in the refining of crude oil. The company also manufactures petrochemical products in Russia at Angarsk polymer plant, which specializes in the production of ethylene, propylene and polyethylene.
17GF Score

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