Bashneft PJSOC (MIC:BANE) ROCE %: 14.35% (As of Dec. 2023)

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Bashneft PJSOC MIC:BANE

17 GF Score

Price ₽1,016.00

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What is Bashneft PJSOC ROCE %?

Bashneft PJSOC MIC:BANE -1.36% 17 ROCE % is 14.35% as of Dec. 2023. GuruFocus rates MIC:BANE with a GF Score™ of 17/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bashneft PJSOC's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.35%.

Bashneft PJSOC (MIC:BANE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bashneft PJSOC ROCE % Related Terms

Bashneft PJSOC ROCE % Historical Data

* Premium members only.

The historical data trend for Bashneft PJSOC's ROCE % 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.

Bashneft PJSOC ROCE % Chart

Bashneft PJSOC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

ROCE %

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21.33

16.02

-0.94

14.36

22.51

Bashneft PJSOC Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.48	18.34	0.00	35.72	14.35

17GF Score

Bashneft PJSOC MIC:BANE

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

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Bashneft PJSOC ROCE % Calculation

Bashneft PJSOC's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	194195	/	( ( (916132 - 152428)	+	(1127050 - 165009) )	/ 2 )
	=	194195	/	( (763704	+	962041)	/ 2 )
	=	194195	/	862872.5
	=	22.51 %

Bashneft PJSOC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	138076	/	( ( (1148318 - 185388)	+	(1127050 - 165009) )	/ 2 )
	=	138076	/	( ( 962930	+	962041 )	/ 2 )
	=	138076	/	962485.5
	=	14.35 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 14.35% mean?

Bashneft PJSOC (MIC:BANE) has a ROCE % of 14.35% as of Dec. 2023.

Is Bashneft PJSOC's ROCE % too high?

Bashneft PJSOC's current ROCE % is 14.35%. The Oil & Gas industry median ROCE % is 6.88. Bashneft PJSOC's value of 14.35% is 108.6% above this industry median. Overall, Bashneft PJSOC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Bashneft PJSOC's ROCE % compare to XOM and CVX?

Bashneft PJSOC's ROCE % of 14.35% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.88. Bashneft PJSOC's value of 14.35% is 108.6% 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 ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.88, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bashneft PJSOC's current ROCE % of 14.35% is 108.6% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bashneft PJSOC's current ROCE % is 14.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bashneft PJSOC stock overvalued right now?

Bashneft PJSOC (MIC:BANE) has a current ROCE % of 14.35%. The current ROCE % is 14.35% and 108.6% above the Oil & Gas industry median of 6.88. Bashneft PJSOC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Bashneft PJSOC (MIC:BANE), the current ROCE % is 14.35% 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.

Bashneft PJSOC Business Description

Industry Energy Oil & Gas

Comparable Companies SZSE:300543 SZSE:002560 SHSE:600560 SZSE:301567 BJSE:835640 SZSE:002927 SZSE:003021 SHSE:600353 SZSE:300933 SZSE:301018 SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE HKSE:00386 BSP:PETR3 LSE:BP.ADX:ADNOCGAS

Address 30, Building 1, Karla Marksa Street, The city of Ufa, Republic of Bashkortostan, RUS, 450077

Website https://www.bashneft.ru

Bashneft PJSOC is an integrated oil company that engages in exploration and production, refining, and marketing activities. Its operational assets are located in the Russian producing regions of the Republic of Bashkortostan, Khanty-Mansiysk Autonomous Okrug, Nenets Autonomous Okrug, Orenburg Region and the Republic of Tatarstan, and also conducts geological exploration in Iraq and Myanmar. In many of its fields, Bashneft has utilized a number of geological and engineering operations, like hydraulic fracturing, to sustain production numbers. Refining and marketing (downstream) operations are also located throughout Russia.

17GF Score

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