PhosAgro PJSC (MIC:PHOR) ROCE % : 33.32% (As of Sep. 2023)

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What is PhosAgro 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. PhosAgro PJSC's annualized ROCE % for the quarter that ended in Sep. 2023 was 33.32%.

PhosAgro PJSC ROCE % Historical Data

The historical data trend for PhosAgro 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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PhosAgro PJSC ROCE % Chart

PhosAgro PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

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15.34

26.88

13.23

57.96

71.00

PhosAgro PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
ROCE %	Get a 7-Day Free Trial															50.92	30.46	45.29	22.55	33.32

PhosAgro PJSC ROCE % Calculation

PhosAgro PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	236820	/	( ( (405447 - 66375)	+	(455613 - 127579) )	/ 2 )
	=	236820	/	( (339072	+	328034)	/ 2 )
	=	236820	/	333553
	=	71.00 %

PhosAgro PJSC's ROCE % of for the quarter that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2023 )		(Q: Jun. 2023 )		(Q: Sep. 2023 )
	=	115960	/	( ( (475619 - 136570)	+	(495158 - 138177) )	/ 2 )
	=	115960	/	( ( 339049	+	356981 )	/ 2 )
	=	115960	/	348015
	=	33.32 %

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

PhosAgro PJSC (MIC:PHOR) 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.

PhosAgro PJSC ROCE % Related Terms

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PhosAgro PJSC (MIC:PHOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » PhosAgro PJSC (MIC:PHOR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leninsky Prospekt, Apartment 55/1, Building 1, Moscow, RUS, 119333

Website

https://www.phosagro.com

PhosAgro PJSC produces and distributes fertilizer to the agricultural industry. The company has two segments organized by product: phosphate and nitrogen. The phosphate segment mines apatite-nepheline ore and then processes the ore into sulfate of potash fertilizer. The nitrogen segment produces nitrogen and ammonia-based fertilizers. To compete on cost, the firm controls its logistics operations through the ownership of ships, ports, and railroad cars. It generates revenue throughout the world, with Russia and Europe being its biggest markets.

PhosAgro PJSC (MIC:PHOR) Headlines

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