Grainturk Tarim (IST:GRTRK) EBIT : ₺610 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Grainturk Tarim EBIT?

Grainturk Tarim's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₺287 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₺610 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grainturk Tarim's annualized ROC % for the quarter that ended in Dec. 2023 was 33.40%. Grainturk Tarim's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 62.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Grainturk Tarim's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.06%.

Grainturk Tarim EBIT Historical Data

The historical data trend for Grainturk Tarim's EBIT 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.

* Premium members only.

Grainturk Tarim EBIT Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

EBIT

11.05

273.57

572.75

610.04

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial					369.45	11.92	-9.85	321.21	286.87

Competitive Comparison of Grainturk Tarim's EBIT

For the Farm Products subindustry, Grainturk Tarim's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Grainturk Tarim's EV-to-EBIT Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grainturk Tarim's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grainturk Tarim's EV-to-EBIT falls into.

Grainturk Tarim EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺610 Mil.

Grainturk Tarim (IST:GRTRK) EBIT Explanation

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

Grainturk Tarim's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	906.208 * ( 1 - 9.87% )	/	( (1852.469	+	3037.753)	/ 2 )
=	816.7652704	/	2445.111
=	33.40 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	2151.663	-	224.27	-	( 74.924	-	max(0, 324.002	-	1200.088	+	74.924	))
=	1852.469

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	3288.386	-	200.581	-	( 50.052	-	max(0, 225.077	-	1361.983	+	50.052	))
=	3037.753

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

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

Grainturk Tarim's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1147.476	/	( ( (492.454 + max(861.359, 0))	+	(1237.157 + max(1096.566, 0)) )	/	2 )
=	1147.476	/	( ( 1353.813	+	2333.723 )	/	2 )
=	1147.476	/	1843.768
=	62.24 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(342.557	+	433.63	+	316.508)	-	(224.27	+	0	+	7.066)
=	861.359

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(542.484	+	472.041	+	287.717)	-	(200.581	+	0	+	5.095)
=	1096.566

When net working capital is negative, 0 is used.

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

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Grainturk Tarim's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	610.149	/	8636.307
	=	7.06 %

Grainturk Tarim EBIT Related Terms

Thank you for viewing the detailed overview of Grainturk Tarim's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Grainturk Tarim (IST:GRTRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

Grainturk Tarim (IST:GRTRK) Headlines

No Headlines