PAO Sovcomflot (MIC:FLOT) Operating Income: ₽53,570 Mil (TTM As of Jun. 2023)

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MIC:FLOT PAO Sovcomflot MIC:FLOT
17 GF Score
Price ₽73.50
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What is PAO Sovcomflot Operating Income?

PAO Sovcomflot MIC:FLOT +3.80% 17 Operating Income is ₽53,570 Mil as of Jun. 2023. GuruFocus rates MIC:FLOT with a GF Score™ of 17/100.

PAO Sovcomflot's Operating Income for the six months ended in Jun. 2023 was ₽53,570 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2023 was ₽53,570 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. PAO Sovcomflot's Operating Income for the six months ended in Jun. 2023 was ₽53,570 Mil. PAO Sovcomflot's Revenue for the six months ended in Jun. 2023 was ₽98,615 Mil. Therefore, PAO Sovcomflot's Operating Margin % for the quarter that ended in Jun. 2023 was 54.32%.

PAO Sovcomflot'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. PAO Sovcomflot's annualized ROC % for the quarter that ended in Jun. 2023 was 19.11%. PAO Sovcomflot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 22.46%.

PAO Sovcomflot  (MIC:FLOT) Operating Income Explanation

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

PAO Sovcomflot's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

ROC % (Q: Jun. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Jun. 2023 ))/ count )
=107139.778 * ( 1 - 11.03% )/( (511255.853 + 486168.283)/ 2 )
=95322.2604866/498712.068
=19.11 %

where

Invested Capital(Q: Dec. 2021 )
=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))
=541488.169 - 11670.787 - ( 45396.384 - max(0, 42457.173 - 61018.702+45396.384))
=511255.853

Invested Capital(Q: Jun. 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))
=551592.012 - 21655.899 - ( 87324.646 - max(0, 71552.044 - 115319.874+87324.646))
=486168.283

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

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

PAO Sovcomflot's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Jun. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=98405.608/( ( (456659.885 + max(-8791.167, 0)) + (419761.476 + max(-4940.067, 0)) )/ 2 )
=98405.608/( ( 456659.885 + 419761.476 )/ 2 )
=98405.608/438210.6805
=22.46 %

where Working Capital is:

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3825.027 + 4718.606 + 2744.689) - (11670.787 + 0 + 8408.702)
=-8791.167

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(17409.822 + 3223.798 + 4851.847) - (21655.899 + 0 + 8769.635)
=-4940.067

When net working capital is negative, 0 is used.

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

3. Operating Income is also linked to Operating Margin %:

PAO Sovcomflot's Operating Margin % for the quarter that ended in Jun. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2023 )/Revenue (Q: Jun. 2023 )
=53569.889/98614.512
=54.32 %

* 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.

PAO Sovcomflot Operating Income Related Terms

PAO Sovcomflot Operating Income Historical Data

* Premium members only.

The historical data trend for PAO Sovcomflot'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.

PAO Sovcomflot Operating Income Chart

PAO Sovcomflot Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only 9,602.44 16,650.54 26,927.81 36,874.83 21,299.49

PAO Sovcomflot Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun23
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 23,914.74 11,405.37 7,847.36 13,406.12 53,569.89
MIC:FLOT
17GF Score
PAO Sovcomflot MIC:FLOT
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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PAO Sovcomflot 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₽53,570 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 ₽53,570 Mil mean?
PAO Sovcomflot (MIC:FLOT) has a Operating Income of ₽53,570 Mil as of Jun. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on PAO Sovcomflot and its competitors.
Is PAO Sovcomflot's Operating Income too high?
PAO Sovcomflot's current Operating Income is ₽53,570 Mil. Overall, PAO Sovcomflot has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PAO Sovcomflot's Operating Income compare to EPD and WMB?
PAO Sovcomflot's Operating Income of ₽53,570 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 PAO Sovcomflot and its competitors. PAO Sovcomflot's current Operating Income is ₽53,570 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PAO Sovcomflot stock overvalued right now?
PAO Sovcomflot (MIC:FLOT) has a current Operating Income of ₽53,570 Mil. The current Operating Income is ₽53,570 Mil. PAO Sovcomflot'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 PAO Sovcomflot (MIC:FLOT), the current Operating Income is ₽53,570 Mil as of Jun. 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.

PAO Sovcomflot Business Description

Industry EnergyOil & Gas
Address 6 Gasheka Street, Moscow, RUS, 125047
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.
17GF Score

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

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