Transneft PJSC (MIC:TRNFP) ROCE %: 9.01% (As of Dec. 2023)

What is Transneft PJSC ROCE %?

Transneft PJSC MIC:TRNFP -4.09% 17 ROCE % is 9.01% as of Dec. 2023. GuruFocus rates MIC:TRNFP with a GF Score™ of 17/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Transneft PJSC's annualized ROCE % for the quarter that ended in Dec. 2023 was 9.01%.

Transneft PJSC (MIC:TRNFP) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Transneft PJSC ROCE % Related Terms

Transneft PJSC ROCE % Historical Data

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The historical data trend for Transneft PJSC's ROCE % 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 ROCE % Chart

Transneft PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec22

Dec23

ROCE %

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12.44

9.95

7.55

11.33

12.85

Transneft PJSC Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.00	12.64	15.85	11.44	9.01

17GF Score

Transneft PJSC MIC:TRNFP

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Transneft PJSC ROCE % Calculation

Transneft PJSC's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	416576	/	( ( (3480697 - 318693)	+	(3654474 - 334684) )	/ 2 )
	=	416576	/	( (3162004	+	3319790)	/ 2 )
	=	416576	/	3240897
	=	12.85 %

Transneft PJSC's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	298380	/	( ( (3588103 - 285733)	+	(3654474 - 334684) )	/ 2 )
	=	298380	/	( ( 3302370	+	3319790 )	/ 2 )
	=	298380	/	3311080
	=	9.01 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 9.01% mean?

Transneft PJSC (MIC:TRNFP) has a ROCE % of 9.01% as of Dec. 2023.

Is Transneft PJSC's ROCE % too high?

Transneft PJSC's current ROCE % is 9.01%. The Oil & Gas industry median ROCE % is 6.85. Transneft PJSC's value of 9.01% is 31.5% above this industry median. 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 ROCE % compare to EPD and WMB?

Transneft PJSC's ROCE % of 9.01% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.85. Transneft PJSC's value of 9.01% is 31.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.85, based on 981 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Transneft PJSC's current ROCE % of 9.01% is 31.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transneft PJSC's current ROCE % is 9.01%. 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 ROCE % of 9.01%. The current ROCE % is 9.01% and 31.5% above the Oil & Gas industry median of 6.85. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Transneft PJSC (MIC:TRNFP), the current ROCE % is 9.01% 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 Energy Oil & Gas

Comparable Companies HKSE:01983 HKSE:06199 HKSE:09889 HKSE:02356 HKSE:02139 HKSE:03618 HKSE:01216 HKSE:09668 HKSE:02016 HKSE:03866 TSX:ENB EPD WMB ET OKE KMI MPLX TSX:TRP LNG TRGP

Address 4 Building No. 2, Presnenskaya Embankment, Moscow, RUS, 123112

Website https://www.transneft.ru

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

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