OAOFY (Tatneft PJSC) Operating Income: $5,832 Mil (TTM As of Jun. 2022)


OAOFY Tatneft PJSC OAOFY
17 GF Score
Price $9.55
View Full Analysis

What is Tatneft PJSC Operating Income?

Tatneft PJSC OAOFY 17 Operating Income is $5,832 Mil as of Jun. 2022. GuruFocus rates OAOFY with a GF Score™ of 17/100.

Tatneft PJSC's Operating Income for the six months ended in Jun. 2022 was $4,015 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2022 was $5,832 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tatneft PJSC's Operating Income for the six months ended in Jun. 2022 was $4,015 Mil. Tatneft PJSC's Revenue for the six months ended in Jun. 2022 was $12,553 Mil. Therefore, Tatneft PJSC's Operating Margin % for the quarter that ended in Jun. 2022 was 31.98%.

Tatneft 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. Tatneft PJSC's annualized ROC % for the quarter that ended in Jun. 2022 was 32.04%. Tatneft PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was 49.55%.

Tatneft PJSC  (OTCPK:OAOFY) Operating Income Explanation

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

Tatneft PJSC's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=8029.652 * ( 1 - 21.36% )/( (17880.489 + 21541.796)/ 2 )
=6314.5183328/19711.1425
=32.04 %

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))
=20319.051 - 2572.084 - ( 2289.43 - max(0, 5709.258 - 5575.736+2289.43))
=17880.489

Invested Capital(Q: Jun. 2022 )
=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))
=25945.362 - 3375.024 - ( 3618.325 - max(0, 7313.242 - 8341.784+3618.325))
=21541.796

Note: The Operating Income data used here is two times the semi-annual (Jun. 2022) data.

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

Tatneft PJSC's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6561.084/( ( (12060.31 + max(-2191.478, 0)) + (14424.361 + max(-2840.354, 0)) )/ 2 )
=6561.084/( ( 12060.31 + 14424.361 )/ 2 )
=6561.084/13242.3355
=49.55 %

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)
=(1221.992 + 1096.396 + 537.567) - (2572.084 + 0 + 2475.349)
=-2191.478

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1834.291 + 1204.203 + 990.667) - (3375.024 + 0 + 3494.491)
=-2840.354

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2022) EBIT data.

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

Tatneft PJSC's Operating Margin % for the quarter that ended in Jun. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2022 )/Revenue (Q: Jun. 2022 )
=4014.826/12553.147
=31.98 %

* 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.

Tatneft PJSC Operating Income Related Terms

Tatneft PJSC Operating Income Historical Data

* Premium members only.

The historical data trend for Tatneft 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.

Tatneft PJSC Operating Income Chart

Tatneft PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,789.27 3,951.70 4,582.06 1,861.97 3,370.81

Tatneft PJSC Semi-Annual Data
Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
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 849.17 1,064.64 1,562.75 1,817.18 4,014.83
OAOFY
17GF Score
Tatneft PJSC OAOFY
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tatneft 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 Jun. 2022 adds up the semi-annually data reported by the company within the most recent 12 months, which was $5,832 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 $5,832 Mil mean?
Tatneft PJSC (OAOFY) has a Operating Income of $5,832 Mil as of Jun. 2022. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tatneft PJSC and its competitors.
Is Tatneft PJSC's Operating Income too high?
Tatneft PJSC's current Operating Income is $5,832 Mil. Overall, Tatneft PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Tatneft PJSC's Operating Income compare to XOM and CVX?
Tatneft PJSC's Operating Income of $5,832 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 Tatneft PJSC and its competitors. Tatneft PJSC's current Operating Income is $5,832 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tatneft PJSC stock overvalued right now?
Tatneft PJSC (OAOFY) has a current Operating Income of $5,832 Mil. The current Operating Income is $5,832 Mil. Tatneft 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 Tatneft PJSC (OAOFY), the current Operating Income is $5,832 Mil as of Jun. 2022. 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.

Tatneft PJSC Business Description

Industry EnergyOil & Gas
Address 75 Lenin Street, Republic of Tatarstan, Almetyevsk, RUS, 423450
Tatneft PJSC is an integrated oil and gas company based in Russia. Its operations include developing, producing, refining, and retailing oil and gas. Upstream, the company explores and produces oil within Western Russian oilfields. A large portion of its crude oil is sent to its Taneco refinery, or is sold to other Russian refineries. The remaining crude is exported to further markets, mainly Europe. Downstream, Tatneft refines and markets numerous petroleum and gas products. It then captures retail revenue from its filling stations, most of which are in Russia.
17GF Score

Get the complete analysis for OAOFY

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

$9.55
Price