Transneft PJSC (MIC:TRNFP) EBIT: ₽294,004 Mil (TTM As of Dec. 2023)

What is Transneft PJSC EBIT?

Transneft PJSC MIC:TRNFP +0.40% 17 EBIT is ₽294,004 Mil as of Dec. 2023. GuruFocus rates MIC:TRNFP with a GF Score™ of 17/100.

Transneft PJSC's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₽74,595 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₽294,004 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Transneft PJSC's annualized ROC % for the quarter that ended in Dec. 2023 was 5.72%. Transneft PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 11.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Transneft PJSC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 26.29%.

Transneft PJSC (MIC:TRNFP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Transneft PJSC's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	226112 * ( 1 - 23.39% )	/	( (2992288	+	3062648)	/ 2 )
=	173224.4032	/	3027468
=	5.72 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3588103	-	121194	-	( 537972	-	max(0, 285733	-	760354	+	537972	))
=	2992288

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3654474	-	116141	-	( 621186	-	max(0, 334684	-	810369	+	621186	))
=	3062648

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Transneft PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	298380	/	( ( (2620258 + max(-9887, 0))	+	(2641015 + max(-87157, 0)) )	/	2 )
=	298380	/	( ( 2620258	+	2641015 )	/	2 )
=	298380	/	2630636.5
=	11.34 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(49525	+	52608	+	100855)	-	(121194	+	0	+	91681)
=	-9887

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(41009	+	51848	+	72857)	-	(116141	+	0	+	136730)
=	-87157

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Transneft PJSC's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	294004	/	1118299.500
	=	26.29 %

* 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.

Transneft PJSC EBIT Related Terms

Transneft PJSC EBIT Historical Data

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The historical data trend for Transneft PJSC's EBIT can be seen below:

Transneft PJSC EBIT Chart

Transneft PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

EBIT

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342,131.00

294,573.00

228,510.00

350,667.00

416,576.00

Transneft PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															68,598.00	99,958.00	126,253.00	93,156.00	74,595.00

MIC:TRNFP vs EPD, WMB, ET: EBIT Comparison

For the Oil & Gas Midstream subindustry, Transneft PJSC's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Transneft PJSC EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Transneft PJSC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Transneft PJSC's EV-to-EBIT falls into.

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17GF Score

Transneft PJSC MIC:TRNFP

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Transneft PJSC EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₽294,004 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of ₽294,004 Mil mean?

Transneft PJSC (MIC:TRNFP) has a EBIT of ₽294,004 Mil as of Dec. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Transneft PJSC.

Is Transneft PJSC's EBIT too high?

Transneft PJSC's current EBIT is ₽294,004 Mil. Overall, Transneft PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.

How does Transneft PJSC's EBIT compare to EPD and WMB?

Transneft PJSC's EBIT of ₽294,004 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Transneft PJSC. Transneft PJSC's current EBIT is ₽294,004 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Transneft PJSC stock overvalued right now?

Transneft PJSC (MIC:TRNFP) has a current EBIT of ₽294,004 Mil. The current EBIT is ₽294,004 Mil. Transneft PJSC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Transneft PJSC (MIC:TRNFP), the current EBIT is ₽294,004 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Transneft PJSC Business Description

Industry Energy Oil & Gas

Comparable Companies HKSE:01983 HKSE:06199 HKSE:09889 HKSE:02356 HKSE:02139 HKSE:03618 HKSE:01216 HKSE:09668 HKSE:02016 HKSE:03866 TSX:ENB EPD WMB ET OKE KMI MPLX TSX:TRP LNG TRGP

Address 4 Building No. 2, Presnenskaya Embankment, Moscow, RUS, 123112

Website https://www.transneft.ru

Transneft PJSC along with its subsidiaries is engaged in the business of transfer, coordination and management of transportation of petroleum and petroleum products through pipelines within Russia and abroad. The operating business segments are - Oil transportation, Petroleum products transportation, Trading operations for sale of oil and petroleum products, and Stevedoring additional ports services and fleet services. Geographically, the company operates in Russian Federation, China, and Other countries with maximum revenue from Russian Federation.

17GF Score

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₽1,311.20

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