Transcorp Power (NSA:TRANSPOWER) Operating Income: ₦130,494 Mil (TTM As of Mar. 2026)

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NSA:TRANSPOWER Transcorp Power PLC NSA:TRANSPOWER
29 GF Score
Price ₦219.60
! 1 Warning Sign
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What is Transcorp Power Operating Income?

Transcorp Power NSA:TRANSPOWER 29 Operating Income is ₦130,494 Mil as of Mar. 2026. GuruFocus rates NSA:TRANSPOWER with a GF Score™ of 29/100. The stock has 1 warning sign investors should review.

Transcorp Power's Operating Income for the three months ended in Mar. 2026 was ₦38,804 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₦130,494 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Transcorp Power's Operating Income for the three months ended in Mar. 2026 was ₦38,804 Mil. Transcorp Power's Revenue for the three months ended in Mar. 2026 was ₦94,592 Mil. Therefore, Transcorp Power's Operating Margin % for the quarter that ended in Mar. 2026 was 41.02%.

Transcorp Power'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. Transcorp Power's annualized ROC % for the quarter that ended in Mar. 2026 was 47.85%. Transcorp Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 87.67%.


Transcorp Power  (NSA:TRANSPOWER) Operating Income Explanation

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

Transcorp Power's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=155215.712 * ( 1 - 25% )/( (225559.88 + 261002.095)/ 2 )
=116411.784/243280.9875
=47.85 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=563478.957 - 335699.564 - ( 2219.513 - max(0, 352059.843 - 474045.034+2219.513))
=225559.88

Invested Capital(Q: Mar. 2026 )
=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))
=613417.515 - 342012.951 - ( 10402.469 - max(0, 359872.214 - 523382.406+10402.469))
=261002.095

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Transcorp Power's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=155215.712/( ( (54496.047 + max(97454.815, 0)) + (53234.958 + max(148889.093, 0)) )/ 2 )
=155215.712/( ( 151950.862 + 202124.051 )/ 2 )
=155215.712/177037.4565
=87.67 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(419683.495 + 3433.468 + 20259.903) - (335699.564 + 0 + 10222.487)
=97454.815

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(479878.356 + 4294.502 + 24588.449) - (342012.951 + 0 + 17859.263)
=148889.093

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Transcorp Power's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=38803.928/94591.667
=41.02 %

* 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.


Transcorp Power Operating Income Related Terms


Transcorp Power Operating Income Historical Data

* Premium members only.

The historical data trend for Transcorp Power'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.

Transcorp Power Operating Income Chart

Transcorp Power Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
67,459.51 123,564.09 139,352.39

Transcorp Power Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47,589.42 15,294.19 38,973.83 37,421.89 38,803.93
NSA:TRANSPOWER
29GF Score
Transcorp Power PLC NSA:TRANSPOWER
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Transcorp Power 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦130,494 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 ₦130,494 Mil mean?
Transcorp Power (NSA:TRANSPOWER) has a Operating Income of ₦130,494 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Transcorp Power and its competitors.
Is Transcorp Power's Operating Income too high?
Transcorp Power's current Operating Income is ₦130,494 Mil. Overall, Transcorp Power has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Transcorp Power's Operating Income compare to NEE and SO?
Transcorp Power's Operating Income of ₦130,494 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated 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 Transcorp Power and its competitors. Transcorp Power's current Operating Income is ₦130,494 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transcorp Power stock overvalued right now?
Transcorp Power (NSA:TRANSPOWER) has a current Operating Income of ₦130,494 Mil. The current Operating Income is ₦130,494 Mil. Transcorp Power's overall GF Score™ is 29/100 with 1 warning sign to review. 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 Transcorp Power (NSA:TRANSPOWER), the current Operating Income is ₦130,494 Mil as of Mar. 2026. 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.

Transcorp Power Business Description

Address Kilometer 12 warri patani road, Delta State, Ughelli, NGA
Transcorp Power PLC is engaged in power sector in Nigeria. It is a gas-fired open cycle thermal power plant located in Ughelli. It is fossil-fuel-based power-generating station in the country. The plant has an installed capacity of 972 MW and can generate 2,500 GWh of electricity annually. Transcorp power plant uses natural gas supplied by Nigeria, Nigeria Gas Infrastructure Company (NGIC) as the primary fuel for power generation. The Company has two operating segments: International - this segment is responsible for the sale of electric power to customers outside Nigeria and Local - this segment is responsible for the sale of electric power to customers within Nigeria. Key revenue is generated from Local sales.
29GF 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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