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Enka Insaat Venayi AS (Enka Insaat Venayi AS) Operating Income : $345 Mil (TTM As of Mar. 2024)


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What is Enka Insaat Venayi AS Operating Income?

Enka Insaat Venayi AS's Operating Income for the three months ended in Mar. 2024 was $77 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 was $345 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Enka Insaat Venayi AS's Operating Income for the three months ended in Mar. 2024 was $77 Mil. Enka Insaat Venayi AS's Revenue for the three months ended in Mar. 2024 was $590 Mil. Therefore, Enka Insaat Venayi AS's Operating Margin % for the quarter that ended in Mar. 2024 was 13.10%.

Warning Sign:

Enka Insaat Ve Sanayi AS operating margin has been in a 5-year decline. The average rate of decline per year is -1.5%.

Enka Insaat Venayi AS's 5-Year average Growth Rate for Operating Margin % was -1.50% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Enka Insaat Venayi AS's annualized ROC % for the quarter that ended in Mar. 2024 was 3.87%. Enka Insaat Venayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 59.56%.


Enka Insaat Venayi AS Operating Income Historical Data

The historical data trend for Enka Insaat Venayi AS's Operating Income 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.

Enka Insaat Venayi AS Operating Income Chart

Enka Insaat Venayi AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 277.92 291.58 415.34 660.08 419.00

Enka Insaat Venayi AS Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 118.79 122.55 163.91 -18.40 77.24

Enka Insaat Venayi AS Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $345 Mil.

* 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.


Enka Insaat Venayi AS  (OTCPK:EKIVF) Operating Income Explanation

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

Enka Insaat Venayi AS's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=308.96 * ( 1 - 20.14% )/( (6362.322 + 6394.688)/ 2 )
=246.735456/6378.505
=3.87 %

where

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))
=9378.345 - 396.592 - ( 3025.588 - max(0, 1415.654 - 4035.085+3025.588))
=6362.322

Invested Capital(Q: Mar. 2024 )
=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))
=9540.937 - 381.919 - ( 3259.103 - max(0, 1492.381 - 4256.711+3259.103))
=6394.688

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

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

Enka Insaat Venayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=821.228/( ( (1345.219 + max(-464.046, 0)) + (1412.439 + max(-551.69, 0)) )/ 2 )
=821.228/( ( 1345.219 + 1412.439 )/ 2 )
=821.228/1378.829
=59.56 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(362.155 + 284.995 + 299.994) - (396.592 + 0 + 1014.598)
=-464.046

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(284.211 + 368.15 + 282.615) - (381.919 + 0 + 1104.747)
=-551.69

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Enka Insaat Venayi AS's Operating Margin % for the quarter that ended in Mar. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=77.24/589.755
=13.10 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Enka Insaat Venayi AS Operating Income Related Terms

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Enka Insaat Venayi AS (Enka Insaat Venayi AS) Business Description

Traded in Other Exchanges
Address
Balmumcu Mah., Zincirlikuyu Yolu No:10, Enka Binas? Besiktas, Istanbul, TUR, 34349
Enka Insaat Ve Sanayi AS provides a full range of design, engineering, construction, and project management services in various sectors. It creates power plants, production facilities, transportation systems, and other construction projects. If needed, the company will engineer and fabricate structures for installation and modularization. Enka Insaat Ve Sanayi has four operating segments: construction contracts; rental, trade and manufacturing; and energy (the majority of total revenue). Additional revenue is generated from aftermarket support and services, and the company utilizes a mix of traditional engineering disciplines to produce results. The company derives the majority of its revenue from Turkey, but the company does operate in various European nations.

Enka Insaat Venayi AS (Enka Insaat Venayi AS) Headlines

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