Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) ROCE % : 24.49% (As of Jun. 2023)

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What is Nnk-Varyoganneftegaz 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. Nnk-Varyoganneftegaz PJSC's annualized ROCE % for the quarter that ended in Jun. 2023 was 24.49%.

Nnk-Varyoganneftegaz PJSC ROCE % Historical Data

The historical data trend for Nnk-Varyoganneftegaz 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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Nnk-Varyoganneftegaz PJSC ROCE % Chart

Nnk-Varyoganneftegaz PJSC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

ROCE %

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10.93

4.14

8.64

9.68

0.95

Nnk-Varyoganneftegaz PJSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Jun23
ROCE %	Get a 7-Day Free Trial															-2.47	4.66	13.84	9.00	24.49

Nnk-Varyoganneftegaz PJSC ROCE % Calculation

Nnk-Varyoganneftegaz PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2020 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2020 )		(A: Dec. 2019 )		(A: Dec. 2020 )
	=	576.109	/	( ( (68862.492 - 9412.975)	+	(70170.162 - 8840.524) )	/ 2 )
	=	576.109	/	( (59449.517	+	61329.638)	/ 2 )
	=	576.109	/	60389.5775
	=	0.95 %

Nnk-Varyoganneftegaz 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: Jun. 2022 )		(Q: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2023 )		(Q: Jun. 2022 )		(Q: Jun. 2023 )
	=	25336.418	/	( ( (0 - 0)	+	(115601.185 - 12146.585) )	/ 1 )
	=	25336.418	/	( ( 0	+	103454.6 )	/ 1 )
	=	25336.418	/	103454.6
	=	24.49 %

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

Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) 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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Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) » Definitions » ROCE %

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Traded in Other Exchanges

N/A

Address

2 Dist 21 Raduzhny Khanty-Ugra, Tyumen Region, Radughnyi, RUS, 628464

Website

http://www.varegannefit rosneft.ru

Varyeganneftegaz PJSC is a Russian company that operates in the oil and gas sector. The company is involved in the extraction and production of hydrocarbon raw materials.

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