Far-Eastern Energy Co PJSC (MIC:DVEC) ROCE %: 21.83% (As of Jun. 2023)


MIC:DVEC Far-Eastern Energy Co PJSC MIC:DVEC
17 GF Score
Price ₽1.29
View Full Analysis

What is Far-Eastern Energy Co PJSC ROCE %?

Far-Eastern Energy Co PJSC MIC:DVEC -1.90% 17 ROCE % is 21.83% as of Jun. 2023. GuruFocus rates MIC:DVEC 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. Far-Eastern Energy Co PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 21.83%.

Far-Eastern Energy Co PJSC  (MIC:DVEC) 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.

Far-Eastern Energy Co PJSC ROCE % Related Terms

Far-Eastern Energy Co PJSC ROCE % Historical Data

* Premium members only.

The historical data trend for Far-Eastern Energy Co PJSC'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.

Far-Eastern Energy Co PJSC ROCE % Chart

Far-Eastern Energy Co PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.36 75.57 64.82 9.37 13.50

Far-Eastern Energy Co PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROCE % 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 14.02 3.46 20.84 7.83 21.83
MIC:DVEC
17GF Score
Far-Eastern Energy Co PJSC MIC:DVEC
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Far-Eastern Energy Co PJSC ROCE % Calculation

Far-Eastern Energy Co PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2022 )  (A: Dec. 2021 )(A: Dec. 2022 )
=4708/( ( (59423 - 29906) + (64812 - 24563) )/ 2 )
=4708/( (29517+40249)/ 2 )
=4708/34883
=13.50 %

Far-Eastern Energy Co PJSC's ROCE % of for the quarter that ended in Jun. 2023 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2023 )  (Q: Dec. 2022 )(Q: Jun. 2023 )
=9460/( ( (64812 - 24563) + (70930 - 24490) )/ 2 )
=9460/( ( 40249 + 46440 )/ 2 )
=9460/43344.5
=21.83 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 21.83% mean?
Far-Eastern Energy Co PJSC (MIC:DVEC) has a ROCE % of 21.83% as of Jun. 2023.
Is Far-Eastern Energy Co PJSC's ROCE % too high?
Far-Eastern Energy Co PJSC's current ROCE % is 21.83%. The Utilities - Regulated industry median ROCE % is 6.96. Far-Eastern Energy Co PJSC's value of 21.83% is 213.6% above this industry median. Overall, Far-Eastern Energy Co PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Far-Eastern Energy Co PJSC's ROCE % compare to NEE and SO?
Far-Eastern Energy Co PJSC's ROCE % of 21.83% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.96. Far-Eastern Energy Co PJSC's value of 21.83% is 213.6% 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 Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.96, based on 505 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. Far-Eastern Energy Co PJSC's current ROCE % of 21.83% is 213.6% 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 Utilities - Regulated industry, the median ROCE % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far-Eastern Energy Co PJSC's current ROCE % is 21.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far-Eastern Energy Co PJSC stock overvalued right now?
Far-Eastern Energy Co PJSC (MIC:DVEC) has a current ROCE % of 21.83%. The current ROCE % is 21.83% and 213.6% above the Utilities - Regulated industry median of 6.96. Far-Eastern Energy Co 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Far-Eastern Energy Co PJSC (MIC:DVEC), the current ROCE % is 21.83% as of Jun. 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.

Far-Eastern Energy Co PJSC Business Description

Address ul. Tigrovaya, 19, Primorsky Territory, Vladivostok, RUS, 690091
Far-Eastern Energy Co PJSC formerly Far East Energy Co PJSC supplies electricity to households and businesses.
17GF Score

Get the complete analysis for MIC:DVEC

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₽1.29
Price