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

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What is PJSC Slavneft Megionneftegas 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. PJSC Slavneft Megionneftegas's annualized ROCE % for the quarter that ended in Sep. 2023 was 10.19%.

PJSC Slavneft Megionneftegas ROCE % Historical Data

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.

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PJSC Slavneft Megionneftegas ROCE % Chart

PJSC Slavneft Megionneftegas Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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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															3.66	7.91	21.33	-	10.19

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.

PJSC Slavneft Megionneftegas (MIC:MFGSP.PFD) 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.

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PJSC Slavneft Megionneftegas Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PJSC Slavneft Megionneftegas (MIC:MFGSP.PFD) » Definitions » ROCE %

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Address

4, 4th Lesnoy side-street, Moscow, RUS, 125047

Website

http://www.sn-mng.ru

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.

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