GAZ PJSC (MIC:GAZA) ROCE % : 38.61% (As of Dec. 2017)

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What is GAZ PJSC ROCE %?

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. GAZ PJSC's annualized ROCE % for the quarter that ended in Dec. 2017 was 38.61%.

GAZ PJSC ROCE % Historical Data

The historical data trend for GAZ 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.

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GAZ PJSC ROCE % Chart

GAZ PJSC Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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40.73

62.51

25.49

21.11

25.12

GAZ PJSC Semi-Annual Data
	Dec07	Dec08	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
ROCE %	Get a 7-Day Free Trial														25.25	10.26	34.38	14.63	38.61

GAZ PJSC ROCE % Calculation

GAZ PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	12333.569	/	( ( (108409.16 - 58767.955)	+	(111778.687 - 63222.506) )	/ 2 )
	=	12333.569	/	( (49641.205	+	48556.181)	/ 2 )
	=	12333.569	/	49098.693
	=	25.12 %

GAZ PJSC's ROCE % of for the quarter that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2017 )		(Q: Jun. 2017 )		(Q: Dec. 2017 )
	=	17829.94	/	( ( (104784.905 - 60980.36)	+	(111778.687 - 63222.506) )	/ 2 )
	=	17829.94	/	( ( 43804.545	+	48556.181 )	/ 2 )
	=	17829.94	/	46180.363
	=	38.61 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2017) EBIT data.

GAZ PJSC (MIC:GAZA) 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.

GAZ PJSC ROCE % Related Terms

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GAZ PJSC (MIC:GAZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GAZ PJSC (MIC:GAZA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Lenin Avenue, Nizhny Novgorod, RUS, 603950

Website

http://www.gazgroup.ru

GAZ PJSC manufactures light commercial vehicles and passenger cars, as well as auto-components, buses, engines and fuel injection equipment, supersize trucks, special purpose vehicles.

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