Bashneft PJSOC (RTC:BANEP.PFD) ROCE % : 14.35% (As of Dec. 2023)

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What is Bashneft PJSOC 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. Bashneft PJSOC's annualized ROCE % for the quarter that ended in Dec. 2023 was 14.35%.

Bashneft PJSOC ROCE % Historical Data

The historical data trend for Bashneft PJSOC'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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Bashneft PJSOC ROCE % Chart

Bashneft PJSOC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

ROCE %

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21.33

16.02

-0.94

14.36

22.51

Bashneft PJSOC Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.48	18.34	-	35.72	14.35

Bashneft PJSOC ROCE % Calculation

Bashneft PJSOC's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2021 )		(A: Dec. 2023 )
	=	194195	/	( ( (916132 - 152428)	+	(1127050 - 165009) )	/ 2 )
	=	194195	/	( (763704	+	962041)	/ 2 )
	=	194195	/	862872.5
	=	22.51 %

Bashneft PJSOC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	138076	/	( ( (1148318 - 185388)	+	(1127050 - 165009) )	/ 2 )
	=	138076	/	( ( 962930	+	962041 )	/ 2 )
	=	138076	/	962485.5
	=	14.35 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Bashneft PJSOC (RTC:BANEP.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.

Bashneft PJSOC ROCE % Related Terms

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Bashneft PJSOC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bashneft PJSOC (RTC:BANEP.PFD) » Definitions » ROCE %

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BANEP:Russia BANE:Russia

Address

30, Building 1, Karla Marksa Street, The city of Ufa, Republic of Bashkortostan, RUS, 450077

Website

https://www.bashneft.ru

Bashneft PJSOC is an integrated oil company that engages in exploration and production, refining, and marketing activities. Its operational assets are located in the Russian producing regions of the Republic of Bashkortostan, Khanty-Mansiysk Autonomous Okrug, Nenets Autonomous Okrug, Orenburg Region and the Republic of Tatarstan, and also conducts geological exploration in Iraq and Myanmar. In many of its fields, Bashneft has utilized a number of geological and engineering operations, like hydraulic fracturing, to sustain production numbers. Refining and marketing (downstream) operations are also located throughout Russia.

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