Tekfen Holding AS (IST:TKFEN) EBIT : ₺-618 Mil (TTM As of Dec. 2023)

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What is Tekfen Holding AS EBIT?

Tekfen Holding AS's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was ₺-1,812 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was ₺-618 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tekfen Holding AS's annualized ROC % for the quarter that ended in Dec. 2023 was -22.19%. Tekfen Holding AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -66.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tekfen Holding AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -2.73%.

Tekfen Holding AS EBIT Historical Data

The historical data trend for Tekfen Holding AS'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.

Tekfen Holding AS EBIT Chart

Tekfen Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,848.30

346.09

1,288.62

2,478.20

-623.21

Tekfen Holding AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															136.88	67.37	457.23	669.45	-1,811.67

Competitive Comparison of Tekfen Holding AS's EBIT

For the Engineering & Construction subindustry, Tekfen Holding AS'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.

Tekfen Holding AS's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tekfen Holding AS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tekfen Holding AS's EV-to-EBIT falls into.

Tekfen Holding AS 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 ₺-618 Mil.

Tekfen Holding AS (IST:TKFEN) EBIT Explanation

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

Tekfen Holding AS'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 )
=	-11632.14 * ( 1 - 38.14% )	/	( (24962.424	+	39890.919)	/ 2 )
=	-7195.641804	/	32426.6715
=	-22.19 %

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	))
=	37780.823	-	10898.284	-	( 5675.26	-	max(0, 22138.199	-	24058.314	+	5675.26	))
=	24962.424

	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	))
=	52747.812	-	12561.442	-	( 6624.686	-	max(0, 27114.284	-	27409.735	+	6624.686	))
=	39890.919

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

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

Tekfen Holding AS'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 )
=	-7246.66	/	( ( (5964.791 + max(-2217.006, 0))	+	(15892.281 + max(-670.703, 0)) )	/	2 )
=	-7246.66	/	( ( 5964.791	+	15892.281 )	/	2 )
=	-7246.66	/	10928.536
=	-66.31 %

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)
=	(4123.648	+	7419.88	+	2388.04)	-	(10898.284	+	0	+	5250.29)
=	-2217.006

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(5995.589	+	9879.184	+	3795.723)	-	(12561.442	+	0	+	7779.757)
=	-670.703

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:

Tekfen Holding AS's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-617.614	/	22610.059
	=	-2.73 %

Tekfen Holding AS EBIT Related Terms

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Tekfen Holding AS (IST:TKFEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekfen Holding AS (IST:TKFEN) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

TKFHY:USA

Address

Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340

Website

https://www.tekfen.com.tr

Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Chemical Industry; Agricultural Production; Service and Investment. It generates maximum revenue from the Chemical Industry segment. The Chemical Industry segment is mainly focused on fertilizer production, continues its activities in the fields of mineral fertilizers as well as special water soluble fertilizers and organic/organomineral fertilizers. It also manufactures bags used in fertilizer packaging in its own facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process.

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