Transneft PJSC (MIC:TRNFP) Operating Income: ₽219,753 Mil (TTM As of Dec. 2023)

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MIC:TRNFP Transneft PJSC MIC:TRNFP
17 GF Score
Price ₽1,056.40
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What is Transneft PJSC Operating Income?

Transneft PJSC MIC:TRNFP +1.66% 17 Operating Income is ₽219,753 Mil as of Dec. 2023. GuruFocus rates MIC:TRNFP with a GF Score™ of 17/100.

Transneft PJSC's Operating Income for the three months ended in Dec. 2023 was ₽56,528 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₽219,753 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Transneft PJSC's Operating Income for the three months ended in Dec. 2023 was ₽56,528 Mil. Transneft PJSC's Revenue for the three months ended in Dec. 2023 was ₽350,785 Mil. Therefore, Transneft PJSC's Operating Margin % for the quarter that ended in Dec. 2023 was 16.11%.

Transneft PJSC'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. 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%.

Transneft PJSC  (MIC:TRNFP) Operating Income Explanation

1. Operating Income or EBIT 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. Operating Income is also linked to Operating Margin %:

Transneft PJSC'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 )
=56528/350785
=16.11 %

* 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.

Transneft PJSC Operating Income Related Terms

Transneft PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Transneft PJSC'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.

Transneft PJSC Operating Income Chart

Transneft PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 255,499.00 277,089.00 226,316.00 291,100.00 310,952.00

Transneft PJSC Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 64,622.00 54,789.00 94,867.00 68,358.00 56,528.00
MIC:TRNFP
17GF Score
Transneft PJSC MIC:TRNFP
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Transneft PJSC 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 ₽219,753 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 ₽219,753 Mil mean?
Transneft PJSC (MIC:TRNFP) has a Operating Income of ₽219,753 Mil as of Dec. 2023. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Transneft PJSC and its competitors.
Is Transneft PJSC's Operating Income too high?
Transneft PJSC's current Operating Income is ₽219,753 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 Operating Income compare to EPD and WMB?
Transneft PJSC's Operating Income of ₽219,753 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 Transneft PJSC and its competitors. Transneft PJSC's current Operating Income is ₽219,753 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 Operating Income of ₽219,753 Mil. The current Operating Income is ₽219,753 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Transneft PJSC (MIC:TRNFP), the current Operating Income is ₽219,753 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 EnergyOil & Gas
Address 4 Building No. 2, Presnenskaya Embankment, Moscow, RUS, 123112
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

Get the complete analysis for MIC:TRNFP

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

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