ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Magnitogorsk Iron & Steel Works PJSC's annualized return on capital (ROC %) for the quarter that ended in Dec. 2023 was 22.26%.
As of today (2026-07-03), Magnitogorsk Iron & Steel Works PJSC's WACC % is 0.00%. Magnitogorsk Iron & Steel Works PJSC's ROC % is 0.00% (calculated using TTM income statement data).
Magnitogorsk Iron & Steel Works PJSC earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) 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, Magnitogorsk Iron & Steel Works PJSC's WACC % is 0.00%. Magnitogorsk Iron & Steel Works PJSC's ROC % is 0.00% (calculated using TTM income statement data).
Magnitogorsk Iron & Steel Works 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.
Magnitogorsk Iron & Steel Works PJSC ROC % Related Terms
Magnitogorsk Iron & Steel Works PJSC ROC % Historical Data
* 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.
Note:
The Operating Income data used here is two times the semi-annual (Dec. 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.
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a ROC % of 22.26% as of Dec. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Magnitogorsk Iron & Steel Works PJSC and its competitors.
Is Magnitogorsk Iron & Steel Works PJSC's ROC % too high?
Magnitogorsk Iron & Steel Works PJSC's current ROC % is 22.26%. The Steel industry median ROC % is 2.52. Magnitogorsk Iron & Steel Works PJSC's value of 22.26% is 783.3% above this industry median. Overall, Magnitogorsk Iron & Steel Works PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Magnitogorsk Iron & Steel Works PJSC's ROC % compare to NUE and STLD?
Magnitogorsk Iron & Steel Works PJSC's ROC % of 22.26% can be compared against companies in the Steel industry. The industry median ROC % is 2.52. Magnitogorsk Iron & Steel Works PJSC's value of 22.26% is 783.3% 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 a Steel company?
The median ROC % among Steel companies is 2.52, based on 621 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. Magnitogorsk Iron & Steel Works PJSC's current ROC % of 22.26% is 783.3% 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 Magnitogorsk Iron & Steel Works PJSC and its competitors. For the Steel industry, the median ROC % is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magnitogorsk Iron & Steel Works PJSC's current ROC % is 22.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnitogorsk Iron & Steel Works PJSC stock overvalued right now?
Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN) has a current ROC % of 22.26%. The current ROC % is 22.26% and 783.3% above the Steel industry median of 2.52. Magnitogorsk Iron & Steel Works 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 Magnitogorsk Iron & Steel Works PJSC (MIC:MAGN), the current ROC % is 22.26% as of Dec. 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.
Magnitogorsk Iron & Steel Works PJSC Business Description
Magnitogorsk Iron & Steel Works PJSC is a steel producer in Russia. The company's output includes a broad range of steel products with a portion being high-value-added. In Russia, the company operates a large steel-producing complex encompassing the entire production chain from iron-ore processing to downstream production of rolled steel. The company sells the majority of its metal products in Russia. The company's financial results are divided into three segments: the Russian steel segment; the Turkish steel segment; and the coal segment. The steel segment accounts for the vast majority of the company's revenue.
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