Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Operating Income: ₺161 Mil (TTM As of Dec. 2024)

What is Alkim Kagitnayi ve Ticaret AS Operating Income?

Alkim Kagitnayi ve Ticaret AS IST:ALKA -1.73% 61 Operating Income is ₺161 Mil as of Dec. 2024. GuruFocus rates IST:ALKA with a GF Score™ of 61/100 and a GF Value™ of ₺7.59 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Alkim Kagitnayi ve Ticaret AS's Operating Income for the six months ended in Dec. 2024 was ₺161 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was ₺161 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Alkim Kagitnayi ve Ticaret AS's Operating Income for the six months ended in Dec. 2024 was ₺161 Mil. Alkim Kagitnayi ve Ticaret AS's Revenue for the six months ended in Dec. 2024 was ₺2,727 Mil. Therefore, Alkim Kagitnayi ve Ticaret AS's Operating Margin % for the quarter that ended in Dec. 2024 was 5.89%.

Warning Sign:

Alkim Kagit Sanayi ve Ticaret AS operating margin has been in a 5-year decline. The average rate of decline per year is -11.2%.

Alkim Kagitnayi ve Ticaret AS's 5-Year average Growth Rate for Operating Margin % was -11.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Alkim Kagitnayi ve Ticaret AS's annualized ROC % for the quarter that ended in Dec. 2024 was 13.13%. Alkim Kagitnayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was -11.23%.

Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Operating Income Explanation

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

Alkim Kagitnayi ve Ticaret AS's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

	ROC % (Q: Dec. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Dec. 2024 ))	/ count )
=	160.687 * ( 1 - 0% )	/	( (991.234	+	1455.552)	/ 2 )
=	160.687	/	1223.393
=	13.13 %

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	))
=	2448.394	-	557.497	-	( 899.663	-	max(0, 588.784	-	1692.67	+	899.663	))
=	991.234

	Invested Capital		(Q: Dec. 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	))
=	2431.146	-	570.162	-	( 405.432	-	max(0, 623.393	-	1175.649	+	405.432	))
=	1455.552

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

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

Alkim Kagitnayi ve Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Dec. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-133.542	/	( ( (746.677 + max(202.103, 0))	+	(1247.564 + max(181.59, 0)) )	/	2 )
=	-133.542	/	( ( 948.78	+	1429.154 )	/	2 )
=	-133.542	/	1188.967
=	-11.23 %

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)
=	(322.762	+	397.203	+	70.922)	-	(557.497	+	0	+	31.287)
=	202.103

	Working Capital		(Q: Dec. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(326.247	+	310.822	+	132.382)	-	(570.162	+	0	+	17.699)
=	181.59

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

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

Alkim Kagitnayi ve Ticaret AS's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %	=	Operating Income (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	160.687	/	2726.546
	=	5.89 %

* 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.

Alkim Kagitnayi ve Ticaret AS Operating Income Related Terms

Alkim Kagitnayi ve Ticaret AS Operating Income Historical Data

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The historical data trend for Alkim Kagitnayi ve Ticaret AS's Operating Income can be seen below:

Alkim Kagitnayi ve Ticaret AS Operating Income Chart

Alkim Kagitnayi ve Ticaret AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Operating Income

Get a 7-Day Free Trial

81.78

134.76

922.47

635.98

160.69

Alkim Kagitnayi ve Ticaret AS Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Operating Income	Get a 7-Day Free Trial															81.78	134.76	922.47	635.98	160.69

61GF Score

Alkim Kagit Sanayi ve Ticaret AS IST:ALKA

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Alkim Kagitnayi ve Ticaret 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was ₺161 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of ₺161 Mil mean?

Alkim Kagitnayi ve Ticaret AS (IST:ALKA) has a Operating Income of ₺161 Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alkim Kagitnayi ve Ticaret AS and its competitors.

Is Alkim Kagitnayi ve Ticaret AS's Operating Income too high?

Alkim Kagitnayi ve Ticaret AS's current Operating Income is ₺161 Mil. Overall, Alkim Kagitnayi ve Ticaret AS has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Alkim Kagitnayi ve Ticaret AS's Operating Income compare to SLVM?

Alkim Kagitnayi ve Ticaret AS's Operating Income of ₺161 Mil can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Forest Products company?

A good Operating Income depends on the Forest Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Alkim Kagitnayi ve Ticaret AS and its competitors. Alkim Kagitnayi ve Ticaret AS's current Operating Income is ₺161 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Alkim Kagitnayi ve Ticaret AS stock overvalued right now?

Based on GuruFocus' analysis, Alkim Kagitnayi ve Ticaret AS (IST:ALKA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺7.59, compared to a current price of ₺9.10 — trading 19.9% above its estimated fair value. The current Operating Income is ₺161 Mil. Alkim Kagitnayi ve Ticaret AS's overall GF Score™ is 61/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Alkim Kagitnayi ve Ticaret AS (IST:ALKA), the current Operating Income is ₺161 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alkim Kagitnayi ve Ticaret AS (IST:ALKA) Overvalued in 2026?

Based on GuruFocus' analysis, Alkim Kagitnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺9.10 is trading 19.9% above its estimated GF Value™ of ₺7.59. GuruFocus considers Alkim Kagitnayi ve Ticaret AS to be Modestly Overvalued.

Key valuation signals for IST:ALKA:

Operating Income: ₺161 Mil
GF Value™: ₺7.59 vs. price of ₺9.10 (19.9% above fair value)
GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the IST:ALKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Alkim Kagitnayi ve Ticaret AS Business Description

Industry Basic Materials Forest Products

Comparable Companies IST:KONKA IST:ALKIM IST:TEZOL OHEL:UPM BSP:SUZB3 OSTO:SCA A SZSE:002078 OSTO:HOLM A LSE:MNDI TSE:3861 BSP:KLBN3 HKSE:02689 XSGO:CMPC SHSE:603733 XLIS:NVG ISX:INKP XLIS:SEM BUE:CELU OSTO:BILL SLVM

Address Kirovakan Mevkii Kemalpasa, Gulab OSB, Izmir, TUR, 35730

Website http://www.alkimkagit.com.tr

Alkim Kagit Sanayi ve Ticaret AS is a Turkey-based company engaged in the manufacture of paper and paper products. The company's main products are wood-free offset papers, coated papers, office papers and special papers. Alkim Kagit Sanayi ve Ticaret AS sells most of its products in the turkey market. It exports to over 25 countries, especially in Europe. In addition, the Balkan countries, Russia and Africa are part of the company's customer portfolio. Its wood-free offset, coated and office papers are produced in Alkim Paper Production Plants. The firm operates a cogeneration plant that meets its energy requirements.

61GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺9.10

Price

₺7.59

GF Value

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