NOVATEK PJSC (MIC:NVTK) ROCE % : 16.83% (As of Jun. 2023)

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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 Jun. 2023 was 16.83%.

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

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

ROCE %

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22.54

67.06

7.09

25.49

23.10

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
ROCE %	Get a 7-Day Free Trial															23.25	26.43	34.74	16.83	-

NOVATEK PJSC ROCE % Calculation

NOVATEK PJSC'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 )
	=	575952	/	( ( (2457664 - 388783)	+	(3219153 - 301605) )	/ 2 )
	=	575952	/	( (2068881	+	2917548)	/ 2 )
	=	575952	/	2493214.5
	=	23.10 %

NOVATEK 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. 2021 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Dec. 2021 )		(Q: Jun. 2023 )
	=	398572	/	( ( (2457664 - 388783)	+	(2899036 - 230257) )	/ 2 )
	=	398572	/	( ( 2068881	+	2668779 )	/ 2 )
	=	398572	/	2368830
	=	16.83 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2023) 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 (MIC:NVTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOVATEK PJSC (MIC:NVTK) » Definitions » ROCE %

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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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