5.3.Financial Performance Indicators under RAS

Estimated financial indicators of Transneft
Indicator Year, ended Absolute deviation 2019/2018 31 December 2017
31 December 2019 31 December 2018
Return on equity (excluding oil sales to China), % 39.05% 5.55% 33.50% 31.08%
Return on invested capital (by operating profit, excluding sale of oil to China) adjusted for nominal taxation rate, % (ROIC) 10.03% 5.41% 4.62% 5.34%
Return on sales excluding oil sales to China, % 13.51% 7.83% 5.68% 8.86%
Receivables turnover ratio 11.70 13.94 -2.24 10.94
Quick ratio 0.83 0.74 0.09 0.83
Current ratio 0.83 0.75 0.08 0.83