Novolipetsk Steel PJSC (MIC:NLMK) ROCE %: 73.85% (As of Dec. 2021)


MIC:NLMK Novolipetsk Steel PJSC MIC:NLMK
17 GF Score
Price ₽59.12
View Full Analysis

What is Novolipetsk Steel PJSC ROCE %?

Novolipetsk Steel PJSC MIC:NLMK -6.37% 17 ROCE % is 73.85% as of Dec. 2021. GuruFocus rates MIC:NLMK 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. Novolipetsk Steel PJSC's annualized ROCE % for the quarter that ended in Dec. 2021 was 73.85%.

Novolipetsk Steel PJSC  (MIC:NLMK) 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.

Novolipetsk Steel PJSC ROCE % Related Terms

Novolipetsk Steel PJSC ROCE % Historical Data

* Premium members only.

The historical data trend for Novolipetsk Steel 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.

Novolipetsk Steel PJSC ROCE % Chart

Novolipetsk Steel PJSC 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 21.08 36.35 21.21 22.45 77.49

Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 34.30 51.83 84.03 96.73 73.85
MIC:NLMK
17GF Score
Novolipetsk Steel PJSC MIC:NLMK
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Novolipetsk Steel PJSC ROCE % Calculation

Novolipetsk Steel PJSC'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 )
=472370.702/( ( (734935.996 - 170059.211) + (899123.51 - 244872.713) )/ 2 )
=472370.702/( (564876.785+654250.797)/ 2 )
=472370.702/609563.791
=77.49 %

Novolipetsk Steel PJSC's ROCE % of for the quarter that ended in Dec. 2021 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2021 )  (Q: Sep. 2021 )(Q: Dec. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2021 )  (Q: Sep. 2021 )(Q: Dec. 2021 )
=477915.828/( ( (865463.571 - 225426.808) + (899123.51 - 244872.713) )/ 2 )
=477915.828/( ( 640036.763 + 654250.797 )/ 2 )
=477915.828/647143.78
=73.85 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2021) 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 73.85% mean?
Novolipetsk Steel PJSC (MIC:NLMK) has a ROCE % of 73.85% as of Dec. 2021.
Is Novolipetsk Steel PJSC's ROCE % too high?
Novolipetsk Steel PJSC's current ROCE % is 73.85%. The Steel industry median ROCE % is 5.51. Novolipetsk Steel PJSC's value of 73.85% is 1240.3% above this industry median. Overall, Novolipetsk Steel PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Novolipetsk Steel PJSC's ROCE % compare to NUE and STLD?
Novolipetsk Steel PJSC's ROCE % of 73.85% can be compared against companies in the Steel industry. The industry median ROCE % is 5.51. Novolipetsk Steel PJSC's value of 73.85% is 1240.3% 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 a Steel company?
The median ROCE % among Steel companies is 5.51, based on 620 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. Novolipetsk Steel PJSC's current ROCE % of 73.85% is 1240.3% 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 Steel industry, the median ROCE % is 5.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novolipetsk Steel PJSC's current ROCE % is 73.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novolipetsk Steel PJSC stock overvalued right now?
Novolipetsk Steel PJSC (MIC:NLMK) has a current ROCE % of 73.85%. The current ROCE % is 73.85% and 1240.3% above the Steel industry median of 5.51. Novolipetsk Steel PJSC's 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 Novolipetsk Steel PJSC (MIC:NLMK), the current ROCE % is 73.85% as of Dec. 2021. 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.

Novolipetsk Steel PJSC Business Description

Address 2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.
17GF Score

Get the complete analysis for MIC:NLMK

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

₽59.12
Price