PJSC Slavneft Megionneftegas (MIC:MFGS) ROCE %: 10.19% (As of Sep. 2023)


MIC:MFGS PJSC Slavneft Megionneftegas MIC:MFGS
17 GF Score
Price ₽242.00
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What is PJSC Slavneft Megionneftegas ROCE %?

PJSC Slavneft Megionneftegas MIC:MFGS -4.35% 17 ROCE % is 10.19% as of Sep. 2023. GuruFocus rates MIC:MFGS 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. PJSC Slavneft Megionneftegas's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.19%.

PJSC Slavneft Megionneftegas  (MIC:MFGS) 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.

PJSC Slavneft Megionneftegas ROCE % Related Terms

PJSC Slavneft Megionneftegas ROCE % Historical Data

* Premium members only.

The historical data trend for PJSC Slavneft Megionneftegas'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.

PJSC Slavneft Megionneftegas ROCE % Chart

PJSC Slavneft Megionneftegas Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.96 10.01 4.21 -10.05 4.71

PJSC Slavneft Megionneftegas Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun23 Sep23
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 3.66 7.91 21.33 0.00 10.19
MIC:MFGS
17GF Score
PJSC Slavneft Megionneftegas MIC:MFGS
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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PJSC Slavneft Megionneftegas ROCE % Calculation

PJSC Slavneft Megionneftegas's annualized ROCE % for the fiscal year that ended in Dec. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=9402.145/( ( (290361.427 - 29203.235) + (204635.125 - 66377.637) )/ 2 )
=9402.145/( (261158.192+138257.488)/ 2 )
=9402.145/199707.84
=4.71 %

PJSC Slavneft Megionneftegas'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 )
=21613.16/( ( (287280 - 39366) + (218502.04 - 42367.738) )/ 2 )
=21613.16/( ( 247914 + 176134.302 )/ 2 )
=21613.16/212024.151
=10.19 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 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 10.19% mean?
PJSC Slavneft Megionneftegas (MIC:MFGS) has a ROCE % of 10.19% as of Sep. 2023.
Is PJSC Slavneft Megionneftegas' ROCE % too high?
PJSC Slavneft Megionneftegas' current ROCE % is 10.19%. The Oil & Gas industry median ROCE % is 6.85. PJSC Slavneft Megionneftegas' value of 10.19% is 48.8% above this industry median. Overall, PJSC Slavneft Megionneftegas has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Slavneft Megionneftegas' ROCE % compare to COP and EOG?
PJSC Slavneft Megionneftegas' ROCE % of 10.19% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. PJSC Slavneft Megionneftegas' value of 10.19% is 48.8% 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 ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.85, based on 981 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. PJSC Slavneft Megionneftegas's current ROCE % of 10.19% is 48.8% 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 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 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Slavneft Megionneftegas's current ROCE % is 10.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Slavneft Megionneftegas stock overvalued right now?
PJSC Slavneft Megionneftegas (MIC:MFGS) has a current ROCE % of 10.19%. The current ROCE % is 10.19% and 48.8% above the Oil & Gas industry median of 6.85. PJSC Slavneft Megionneftegas' 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 PJSC Slavneft Megionneftegas (MIC:MFGS), the current ROCE % is 10.19% 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.

PJSC Slavneft Megionneftegas Business Description

Industry EnergyOil & Gas
Address 4, 4th Lesnoy side-street, Moscow, RUS, 125047
PJSC Slavneft Megionneftegas is engaged in the oil and gas production activities in Russia. The company through its subsidiaries operates at the Megionskoye, Aganskoye, Vatinskoye, Tailakovskoye and other fields located in the Nizhnevartovsk, Surgut, Nefteyugansk regions of the Khanty-Mansi Autonomous Area - Yugra.
17GF Score

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

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