Bashneft PJSOC (MIC:BANE) Operating Income: ₽117,313 Mil (TTM As of Dec. 2023)

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MIC:BANE Bashneft PJSOC MIC:BANE
17 GF Score
Price ₽908.00
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What is Bashneft PJSOC Operating Income?

Bashneft PJSOC MIC:BANE -6.97% 17 Operating Income is ₽117,313 Mil as of Dec. 2023. GuruFocus rates MIC:BANE with a GF Score™ of 17/100.

Bashneft PJSOC's Operating Income for the three months ended in Dec. 2023 was ₽34,519 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₽117,313 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Bashneft PJSOC's Operating Income for the three months ended in Dec. 2023 was ₽34,519 Mil. Bashneft PJSOC's Revenue for the three months ended in Dec. 2023 was ₽303,975 Mil. Therefore, Bashneft PJSOC's Operating Margin % for the quarter that ended in Dec. 2023 was 11.36%.

Bashneft PJSOC's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Bashneft PJSOC's annualized ROC % for the quarter that ended in Dec. 2023 was 12.14%. Bashneft PJSOC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 14.61%.

Bashneft PJSOC  (MIC:BANE) Operating Income Explanation

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

Bashneft PJSOC'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 )
=138076 * ( 1 - 0% )/( (1148318 + 1127050)/ 2 )
=138076/1137684
=12.14 %

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))
=1148318 - 0 - ( 0 - max(0, 185388 - 578336+0))
=1148318

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))
=1127050 - 0 - ( 0 - max(0, 165009 - 559305+0))
=1127050

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

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

Bashneft PJSOC'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 )
=138076/( ( (552461 + max(392948, 0)) + (550430 + max(394296, 0)) )/ 2 )
=138076/( ( 945409 + 944726 )/ 2 )
=138076/945067.5
=14.61 %

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)
=(0 + 0 + 578336) - (0 + 0 + 185388)
=392948

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 559305) - (0 + 0 + 165009)
=394296

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. Operating Income is also linked to Operating Margin %:

Bashneft PJSOC's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=34519/303975
=11.36 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Bashneft PJSOC Operating Income Related Terms

Bashneft PJSOC Operating Income Historical Data

* Premium members only.

The historical data trend for Bashneft PJSOC's Operating Income 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.

Bashneft PJSOC Operating Income Chart

Bashneft PJSOC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116,670.00 113,744.00 -15,521.00 109,361.00 194,195.00

Bashneft PJSOC Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32,637.00 36,225.00 0.00 82,794.00 34,519.00
MIC:BANE
17GF Score
Bashneft PJSOC MIC:BANE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Bashneft PJSOC Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income 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 ₽117,313 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₽117,313 Mil mean?
Bashneft PJSOC (MIC:BANE) has a Operating Income of ₽117,313 Mil as of Dec. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bashneft PJSOC and its competitors.
Is Bashneft PJSOC's Operating Income too high?
Bashneft PJSOC's current Operating Income is ₽117,313 Mil. Overall, Bashneft PJSOC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Bashneft PJSOC's Operating Income compare to XOM and CVX?
Bashneft PJSOC's Operating Income of ₽117,313 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 Operating Income for an Oil & Gas company?
A good Operating Income depends on the Oil & Gas industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Bashneft PJSOC and its competitors. Bashneft PJSOC's current Operating Income is ₽117,313 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bashneft PJSOC stock overvalued right now?
Bashneft PJSOC (MIC:BANE) has a current Operating Income of ₽117,313 Mil. The current Operating Income is ₽117,313 Mil. Bashneft PJSOC's overall GF Score™ is 17/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Bashneft PJSOC (MIC:BANE), the current Operating Income is ₽117,313 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.

Bashneft PJSOC Business Description

Industry EnergyOil & Gas
Address 30, Building 1, Karla Marksa Street, The city of Ufa, Republic of Bashkortostan, RUS, 450077
Bashneft PJSOC is an integrated oil company that engages in exploration and production, refining, and marketing activities. Its operational assets are located in the Russian producing regions of the Republic of Bashkortostan, Khanty-Mansiysk Autonomous Okrug, Nenets Autonomous Okrug, Orenburg Region and the Republic of Tatarstan, and also conducts geological exploration in Iraq and Myanmar. In many of its fields, Bashneft has utilized a number of geological and engineering operations, like hydraulic fracturing, to sustain production numbers. Refining and marketing (downstream) operations are also located throughout Russia.
17GF Score

Get the complete analysis for MIC:BANE

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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