NOVATEK PJSC (MIC:NVTK) ROCE % : -3.73% (As of Dec. 2024)

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What is NOVATEK 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. NOVATEK PJSC's annualized ROCE % for the quarter that ended in Dec. 2024 was -3.73%.

NOVATEK PJSC ROCE % Historical Data

The historical data trend for NOVATEK 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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NOVATEK PJSC ROCE % Chart

NOVATEK PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Dec24

ROCE %

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67.06

7.09

25.49

14.73

10.54

NOVATEK PJSC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial															30.50	18.67	10.45	24.88	-3.73

NOVATEK PJSC ROCE % Calculation

NOVATEK PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2024 )		(A: Dec. 2023 )		(A: Dec. 2024 )
	=	324782	/	( ( (3219153 - 301605)	+	(3740785 - 495084) )	/ 2 )
	=	324782	/	( (2917548	+	3245701)	/ 2 )
	=	324782	/	3081624.5
	=	10.54 %

NOVATEK PJSC's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-121596	/	( ( (3620902 - 340388)	+	(3740785 - 495084) )	/ 2 )
	=	-121596	/	( ( 3280514	+	3245701 )	/ 2 )
	=	-121596	/	3263107.5
	=	-3.73 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

NOVATEK PJSC (MIC:NVTK) 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.

NOVATEK PJSC ROCE % Related Terms

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NOVATEK PJSC Business Description

Industry

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N/A

Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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