Novorossyisk Grain Plant PJSC (MIC:NKHP) ROCE % : 48.67% (As of Jun. 2023)

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What is Novorossyisk Grain Plant 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. Novorossyisk Grain Plant PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 48.67%.

Novorossyisk Grain Plant PJSC ROCE % Historical Data

The historical data trend for Novorossyisk Grain Plant 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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Novorossyisk Grain Plant PJSC ROCE % Chart

Novorossyisk Grain Plant PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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50.47

16.89

33.45

32.06

23.26

Novorossyisk Grain Plant PJSC Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
ROCE %	Get a 7-Day Free Trial											34.30	29.22	13.07	34.06	48.67

Novorossyisk Grain Plant PJSC ROCE % Calculation

Novorossyisk Grain Plant 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 )
	=	2502.044	/	( ( (11346.417 - 1403.502)	+	(12535.195 - 963.267) )	/ 2 )
	=	2502.044	/	( (9942.915	+	11571.928)	/ 2 )
	=	2502.044	/	10757.4215
	=	23.26 %

Novorossyisk Grain Plant 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 )
	=	6138.608	/	( ( (12535.195 - 963.267)	+	(15134.455 - 1481.642) )	/ 2 )
	=	6138.608	/	( ( 11571.928	+	13652.813 )	/ 2 )
	=	6138.608	/	12612.3705
	=	48.67 %

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

Novorossyisk Grain Plant PJSC (MIC:NKHP) 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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Novorossyisk Grain Plant PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Novorossyisk Grain Plant PJSC (MIC:NKHP) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

22 Elevatornaya Street, Novorossiysk, Krasnodar Krai, Krasnodar, RUS, 353909

Website

http://www.novoroskhp.ru

Novorossyisk Grain Plant PJSC is a Russian company that provides a range of services related to the transhipment of grain cargo.

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