TNS energo Voronezh PJSC (MIC:VRSB) ROC %: 15.84% (As of Sep. 2023)

What is TNS energo Voronezh PJSC ROC %?

TNS energo Voronezh PJSC MIC:VRSB -1.52% 17 ROC % is 15.84% as of Sep. 2023. GuruFocus rates MIC:VRSB 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 %. TNS energo Voronezh PJSC's annualized return on capital (ROC %) for the quarter that ended in Sep. 2023 was 15.84%.

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

TNS energo Voronezh PJSC (MIC:VRSB) 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, TNS energo Voronezh PJSC's WACC % is 0.00%. TNS energo Voronezh PJSC's ROC % is 0.00% (calculated using TTM income statement data). TNS energo Voronezh 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.

TNS energo Voronezh PJSC ROC % Related Terms

TNS energo Voronezh PJSC ROC % Historical Data

* Premium members only.

The historical data trend for TNS energo Voronezh 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.

TNS energo Voronezh PJSC ROC % Chart

TNS energo Voronezh PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROC %

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15.35

15.28

10.07

8.67

46.90

TNS energo Voronezh PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROC %	Get a 7-Day Free Trial															74.48	44.33	84.04	49.40	15.84

17GF Score

TNS energo Voronezh PJSC MIC:VRSB

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

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TNS energo Voronezh PJSC ROC % Calculation

TNS energo Voronezh 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 )
=	1685.195 * ( 1 - 19.39% )	/	( (3067.054	+	2726.379)	/ 2 )
=	1358.4356895	/	2896.7165
=	46.90 %

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	))
=	4759.434	-	2213.805	-	( 472.186	-	max(0, 3369.978	-	2848.553	+	472.186	))
=	3067.054

	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	))
=	5077.631	-	2403.57	-	( 981.575	-	max(0, 3284.088	-	3231.77	+	981.575	))
=	2726.379

TNS energo Voronezh 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 )
=	1601.216 * ( 1 - 20.54% )	/	( (4228.547	+	11835.832)	/ 2 )
=	1272.3262336	/	8032.1895
=	15.84 %

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	))
=	7838.036	-	2824.321	-	( 1759.615	-	max(0, 2903.333	-	3688.501	+	1759.615	))
=	4228.547

	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	))
=	15899.217	-	2914.902	-	( 2066.392	-	max(0, 3048.245	-	4196.728	+	2066.392	))
=	11835.832

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 15.84% mean?

TNS energo Voronezh PJSC (MIC:VRSB) has a ROC % of 15.84% as of Sep. 2023. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on TNS energo Voronezh PJSC and its competitors.

Is TNS energo Voronezh PJSC's ROC % too high?

TNS energo Voronezh PJSC's current ROC % is 15.84%. The Utilities - Regulated industry median ROC % is 4.16. TNS energo Voronezh PJSC's value of 15.84% is 280.8% above this industry median. Overall, TNS energo Voronezh PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does TNS energo Voronezh PJSC's ROC % compare to NEE and SO?

TNS energo Voronezh PJSC's ROC % of 15.84% can be compared against companies in the Utilities - Regulated industry. The industry median ROC % is 4.16. TNS energo Voronezh PJSC's value of 15.84% is 280.8% 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 4.16, based on 502 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. TNS energo Voronezh PJSC's current ROC % of 15.84% is 280.8% 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 TNS energo Voronezh PJSC and its competitors. For the Utilities - Regulated industry, the median ROC % is 4.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TNS energo Voronezh PJSC's current ROC % is 15.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TNS energo Voronezh PJSC stock overvalued right now?

TNS energo Voronezh PJSC (MIC:VRSB) has a current ROC % of 15.84%. The current ROC % is 15.84% and 280.8% above the Utilities - Regulated industry median of 4.16. TNS energo Voronezh 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 TNS energo Voronezh PJSC (MIC:VRSB), the current ROC % is 15.84% 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.

TNS energo Voronezh PJSC Business Description

Industry Utilities Utilities - Regulated

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

Address Merkulova 7A, Voronezh, RUS, 394029

Website https://voronezh.tns-e.ru

TNS energo Voronezh PJSC is engaged in the purchase and sale of electricity in the wholesale and retail markets.

17GF Score

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