Transcritical carbon dioxide Rankine cycle (TCRC) has a potential to convert low grade heat source into power. Thus, the objective of this paper is to evaluate TCRC performance based on the first and the second law of thermodynamics for wide and different operating conditions. To address this, TCRC thermal efficiency, exergetic efficiency, utilization ratio and the exergy destruction of the components are analyzed parametrically. Engineering Equation Solver (EES) is used to solve the set of equations and to evaluate the working fluid properties at the given conditions. For the analysis compressor efficiency, turbine efficiency and effectiveness of the regenerator are assumed to be 0.9, 0.9 and 0.95, respectively. The pump inlet pressure was assumed to be 6.2 MPa. It is found that at 10 MPa turbine inlet pressure 240°C is the optimal turbine inlet temperature operating condition. The percentage of exergy destructions at 240°C turbine inlet temperature are 0.94, 4.53, 9.55, 41.23, and 43.74 by the pump, turbine, condenser, heater and regenerator, respectively. Hence, the highest and the smallest exergy destructions are in the regenerator and the pump. This study will help to select the potential component for further improvement. © 2018 The Authors, published by EDP Sciences.