Saratov Oil Refinery PJSC (MIC:KRKN) ROCE % : -4.32% (As of Sep. 2023)

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What is Saratov Oil Refinery 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. Saratov Oil Refinery PJSC's annualized ROCE % for the quarter that ended in Sep. 2023 was -4.32%.

Saratov Oil Refinery PJSC ROCE % Historical Data

The historical data trend for Saratov Oil Refinery 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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Saratov Oil Refinery PJSC ROCE % Chart

Saratov Oil Refinery PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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14.52

13.27

16.74

18.22

10.61

Saratov Oil Refinery PJSC Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															23.84	-	-	-	-4.32

Saratov Oil Refinery PJSC ROCE % Calculation

Saratov Oil Refinery PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	3596.921	/	( ( (36402.788 - 3653.76)	+	(40150.939 - 5097.36) )	/ 2 )
	=	3596.921	/	( (32749.028	+	35053.579)	/ 2 )
	=	3596.921	/	33901.3035
	=	10.61 %

Saratov Oil Refinery PJSC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	-1920.9	/	( ( (50647.657 - 5926.309)	+	(47527.147 - 3219.397) )	/ 2 )
	=	-1920.9	/	( ( 44721.348	+	44307.75 )	/ 2 )
	=	-1920.9	/	44514.549
	=	-4.32 %

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

Saratov Oil Refinery PJSC (MIC:KRKN) 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.

Saratov Oil Refinery PJSC ROCE % Related Terms

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Saratov Oil Refinery PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saratov Oil Refinery PJSC (MIC:KRKN) » Definitions » ROCE %

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Address

Bryanskaya street 1, Saratov, RUS, 410022

Website

http://www.saratovoil-npz.ru

Saratov Oil Refinery PJSC is engaged in the refining of crude oil. The company also manufactures petrochemical products in Russia at Angarsk polymer plant, which specializes in the production of ethylene, propylene and polyethylene.

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