PIK-specialized Homebuilder PJSC (MIC:PIKK) ROCE % : 11.76% (As of Jun. 2023)

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What is PIK-specialized Homebuilder 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. PIK-specialized Homebuilder PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 11.76%.

PIK-specialized Homebuilder PJSC ROCE % Historical Data

The historical data trend for PIK-specialized Homebuilder 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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PIK-specialized Homebuilder PJSC ROCE % Chart

PIK-specialized Homebuilder PJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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10.32

26.29

30.68

32.29

24.53

PIK-specialized Homebuilder PJSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun23
ROCE %	Get a 7-Day Free Trial															18.33	45.90	37.55	16.59	11.76

PIK-specialized Homebuilder PJSC ROCE % Calculation

PIK-specialized Homebuilder PJSC'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 )
	=	140623	/	( ( (648808 - 217542)	+	(1061352 - 345902) )	/ 2 )
	=	140623	/	( (431266	+	715450)	/ 2 )
	=	140623	/	573358
	=	24.53 %

PIK-specialized Homebuilder 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 )
	=	106930	/	( ( (1061352 - 345902)	+	(1410942 - 308374) )	/ 2 )
	=	106930	/	( ( 715450	+	1102568 )	/ 2 )
	=	106930	/	909009
	=	11.76 %

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

PIK-specialized Homebuilder PJSC (MIC:PIKK) 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.

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PIK-specialized Homebuilder PJSC (MIC:PIKK) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PIK-specialized Homebuilder PJSC (MIC:PIKK) » Definitions » ROCE %

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Address

19 Barrikadnaya Street, Moscow, RUS, 123242

Website

https://www.pik.ru

PIK-specialized Homebuilder PJSC develops, constructs, invests and sells real estate properties in Russia. It operates through six segments that include Development, Commercial construction, Maintenance, Industrial, Proptech, and Others segment. The majority of the revenue is generated from the Development segment which implements development plans, identifies investment opportunities, manages projects, and markets real estate projects. The company operates primarily in the Moscow area.

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