Surgutneftegas PJSC (MIC:SNGSP.PFD) ROCE % : 32.51% (As of Jun. 2023)

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What is Surgutneftegas 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. Surgutneftegas PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 32.51%.

Surgutneftegas PJSC ROCE % Historical Data

The historical data trend for Surgutneftegas 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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Surgutneftegas PJSC ROCE % Chart

Surgutneftegas PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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-3.51

5.27

25.35

3.21

17.32

Surgutneftegas PJSC Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun23
ROCE %	Get a 7-Day Free Trial															6.76	21.25	13.64	6.69	32.51

Surgutneftegas PJSC ROCE % Calculation

Surgutneftegas PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	910245	/	( ( (5267896 - 398744)	+	(5875687 - 233712) )	/ 2 )
	=	910245	/	( (4869152	+	5641975)	/ 2 )
	=	910245	/	5255563.5
	=	17.32 %

Surgutneftegas 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: Jun. 2021 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2021 )		(Q: Jun. 2023 )
	=	2080126	/	( ( (6103230 - 375489)	+	(7409024 - 341118) )	/ 2 )
	=	2080126	/	( ( 5727741	+	7067906 )	/ 2 )
	=	2080126	/	6397823.5
	=	32.51 %

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

Surgutneftegas PJSC (MIC:SNGSP.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.

Surgutneftegas PJSC ROCE % Related Terms

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Surgutneftegas PJSC (MIC:SNGSP.PFD) Business Description

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SNGS:Russia

Address

ul. Grigoriya Kukuyevitskogo 1, Building No. 1, Khanty-Mansiysky Autonomous Okrug - Yugra, Tyumenskaya Oblast, Surgut, RUS, 628415

Website

http://www.surgutneftegas.ru

Surgutneftegas PJSC or simply Surgutneftegas, is a Russian-based integrated oil and gas company. The company's operations include exploration, production, refinement, and sales of oil and gas. Upstream, it produces oil and gas from fields concentrated in Eastern and Western Serbia. Much of its upstream revenue comes from exporting crude oil. Downstream, Surgutneftegas refines, markets, distributes and sells refined oil products such as gasoline and diesel fuels. Included in its distribution network are oil storage depots, tanker trucks, and filling stations. Similar to its upstream operations, the majority of downstream revenue comes from exporting refined oil products.

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