PAO Sovcomflot (MIC:FLOT) ROCE % : 18.17% (As of Jun. 2023)

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What is PAO Sovcomflot 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. PAO Sovcomflot's annualized ROCE % for the quarter that ended in Jun. 2023 was 18.17%.

PAO Sovcomflot ROCE % Historical Data

The historical data trend for PAO Sovcomflot'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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PAO Sovcomflot ROCE % Chart

PAO Sovcomflot Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

ROCE %

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1.35

2.94

6.55

7.62

3.31

PAO Sovcomflot Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23
ROCE %	Get a 7-Day Free Trial															2.84	4.06	3.79	2.55	18.17

PAO Sovcomflot ROCE % Calculation

PAO Sovcomflot'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 )
	=	17090.371	/	( ( (577030.354 - 44579.957)	+	(541488.169 - 42457.173) )	/ 2 )
	=	17090.371	/	( (532450.397	+	499030.996)	/ 2 )
	=	17090.371	/	515740.6965
	=	3.31 %

PAO Sovcomflot'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 )
	=	88937.6	/	( ( (541488.169 - 42457.173)	+	(551592.012 - 71552.044) )	/ 2 )
	=	88937.6	/	( ( 499030.996	+	480039.968 )	/ 2 )
	=	88937.6	/	489535.482
	=	18.17 %

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

PAO Sovcomflot (MIC:FLOT) 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.

PAO Sovcomflot ROCE % Related Terms

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PAO Sovcomflot (MIC:FLOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PAO Sovcomflot (MIC:FLOT) » Definitions » ROCE %

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Traded in Other Exchanges

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Address

6 Gasheka Street, Moscow, RUS, 125047

Website

https://www.scf-group.ru

PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.