TMK PAO (MIC:TRMK) ROCE %: 24.54% (As of Jun. 2022)


MIC:TRMK TMK PAO MIC:TRMK
17 GF Score
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What is TMK PAO ROCE %?

TMK PAO MIC:TRMK +0.38% 17 ROCE % is 24.54% as of Jun. 2022. GuruFocus rates MIC:TRMK 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. TMK PAO's annualized ROCE % for the quarter that ended in Jun. 2022 was 24.54%.

TMK PAO  (MIC:TRMK) 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.

TMK PAO ROCE % Related Terms

TMK PAO ROCE % Historical Data

* Premium members only.

The historical data trend for TMK PAO'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.

TMK PAO ROCE % Chart

TMK PAO 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 9.30 6.36 10.72 19.50 10.92

TMK PAO Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 7.49 31.31 5.06 14.35 24.54
MIC:TRMK
17GF Score
TMK PAO MIC:TRMK
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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TMK PAO ROCE % Calculation

TMK PAO'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 )
=35018/( ( (419166 - 154791) + (694577 - 317539) )/ 2 )
=35018/( (264375+377038)/ 2 )
=35018/320706.5
=10.92 %

TMK PAO's ROCE % of for the quarter that ended in Jun. 2022 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Jun. 2022 )  (Q: Dec. 2021 )(Q: Jun. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Jun. 2022 )  (Q: Dec. 2021 )(Q: Jun. 2022 )
=84378/( ( (694577 - 317539) + (637068 - 326375) )/ 2 )
=84378/( ( 377038 + 310693 )/ 2 )
=84378/343865.5
=24.54 %

(1) Note: The EBIT data used here is two times the semi-annual (Jun. 2022) 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 24.54% mean?
TMK PAO (MIC:TRMK) has a ROCE % of 24.54% as of Jun. 2022.
Is TMK PAO's ROCE % too high?
TMK PAO's current ROCE % is 24.54%. The Steel industry median ROCE % is 5.63. TMK PAO's value of 24.54% is 336.3% above this industry median. Overall, TMK PAO has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does TMK PAO's ROCE % compare to NUE and STLD?
TMK PAO's ROCE % of 24.54% can be compared against companies in the Steel industry. The industry median ROCE % is 5.63. TMK PAO's value of 24.54% is 336.3% 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 5.63, based on 624 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. TMK PAO's current ROCE % of 24.54% is 336.3% 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 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMK PAO's current ROCE % is 24.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMK PAO stock overvalued right now?
TMK PAO (MIC:TRMK) has a current ROCE % of 24.54%. The current ROCE % is 24.54% and 336.3% above the Steel industry median of 5.63. TMK PAO'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 TMK PAO (MIC:TRMK), the current ROCE % is 24.54% as of Jun. 2022. 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.

TMK PAO Business Description

Address 40/2a, Pokrovka Street, Moscow, RUS, 101000
TMK PAO produces and supplies steel pipes for the oil and gas industry. The company integrates production assets in Russia, the United States, Canada, Oman, Romania, and Kazakhstan. TMK's core business is the production and sale of seamless and welded pipe, including large-diameter pipe, and pipe with premium connections, combined with an extensive range of services in heat treatment, protective coating, premium connections threading, pipe storage, and repair. Seamless pipe sales account for the majority of the company's revenue with the majority of sales generated in Russia.
17GF Score

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

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