TGC No 2 PJSC (MIC:TGKB) ROCE %: 8.28% (As of Jun. 2023)

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What is TGC No 2 PJSC ROCE %?

TGC No 2 PJSC MIC:TGKB +7.26% ROCE % is 8.28% as of Jun. 2023.

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. TGC No 2 PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 8.28%.

TGC No 2 PJSC  (MIC:TGKB) 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.

TGC No 2 PJSC ROCE % Related Terms

TGC No 2 PJSC ROCE % Historical Data

* Premium members only.

The historical data trend for TGC No 2 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.

TGC No 2 PJSC ROCE % Chart

TGC No 2 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.19 16.77 2.43 -2.98 7.35

TGC No 2 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 13.36 -19.23 27.58 -9.83 8.28

TGC No 2 PJSC ROCE % Calculation

TGC No 2 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 )
=3629.448/( ( (75359.168 - 30371.194) + (83902.396 - 30115.802) )/ 2 )
=3629.448/( (44987.974+53786.594)/ 2 )
=3629.448/49387.284
=7.35 %

TGC No 2 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 )
=4546.736/( ( (83902.396 - 30115.802) + (81271.6 - 25189.85) )/ 2 )
=4546.736/( ( 53786.594 + 56081.75 )/ 2 )
=4546.736/54934.172
=8.28 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2023) 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 8.28% mean?
TGC No 2 PJSC (MIC:TGKB) has a ROCE % of 8.28% as of Jun. 2023.
Is TGC No 2 PJSC's ROCE % too high?
TGC No 2 PJSC's current ROCE % is 8.28%. The Utilities - Independent Power Producers industry median ROCE % is 4.58. TGC No 2 PJSC's value of 8.28% is 80.8% above this industry median.
How does TGC No 2 PJSC's ROCE % compare to VST and NRG?
TGC No 2 PJSC's ROCE % of 8.28% can be compared against companies in the Utilities - Independent Power Producers industry. The industry median ROCE % is 4.58. TGC No 2 PJSC's value of 8.28% is 80.8% 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 an Utilities - Independent Power Producers company?
The median ROCE % among Utilities - Independent Power Producers companies is 4.58, based on 441 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. TGC No 2 PJSC's current ROCE % of 8.28% is 80.8% 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 Utilities - Independent Power Producers industry, the median ROCE % is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGC No 2 PJSC's current ROCE % is 8.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current ROCE % of 8.28%. The current ROCE % is 8.28% and 80.8% above the Utilities - Independent Power Producers industry median of 4.58. 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 TGC No 2 PJSC (MIC:TGKB), the current ROCE % is 8.28% as of Jun. 2023. 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.

TGC No 2 PJSC Business Description

Address Pyatnitskaya Street 6, Yaroslavl, RUS, 150003
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).