Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) Operating Income: ₺200 Mil (TTM As of Mar. 2026)


IST:ATLAS Atlas Menkul Kiymetler Yatirim Ortakligi AS IST:ATLAS
65 GF Score
Price ₺8.10
GF Value ₺7.95
Valuation Fairly Valued
! 1 Warning Sign
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What is Atlas Menkul Kiymetler Yatirim Ortakligi AS Operating Income?

Atlas Menkul Kiymetler Yatirim Ortakligi AS IST:ATLAS -2.76% 65 Operating Income is ₺200 Mil as of Mar. 2026. GuruFocus rates IST:ATLAS with a GF Score™ of 65/100 and a GF Value™ of ₺7.95 (Fairly Valued). The stock has 1 warning sign investors should review.

Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺126 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺200 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Income for the three months ended in Mar. 2026 was ₺126 Mil. Atlas Menkul Kiymetler Yatirim Ortakligi AS's Revenue for the three months ended in Mar. 2026 was ₺791 Mil. Therefore, Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Margin % for the quarter that ended in Mar. 2026 was 15.91%.

Good Sign:

Atlas Menkul Kiymetler Yatirim Ortakligi AS operating margin is expanding. Margin expansion is usually a good sign.

Atlas Menkul Kiymetler Yatirim Ortakligi AS's 5-Year average Growth Rate for Operating Margin % was 2.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Atlas Menkul Kiymetler Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Mar. 2026 was 57,157.98%. Atlas Menkul Kiymetler Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 178,466.67%.


Atlas Menkul Kiymetler Yatirim Ortakligi AS  (IST:ATLAS) Operating Income Explanation

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

Atlas Menkul Kiymetler Yatirim Ortakligi AS's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=503.276 * ( 1 - 0% )/( (0.66900000000004 + 1.0919999999999)/ 2 )
=503.276/0.88049999999996
=57,157.98 %

where

Invested Capital(Q: Dec. 2025 )
=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))
=453.527 - 0.83 - ( 453.001 - max(0, 1.218 - 453.246+453.001))
=0.66900000000004

Invested Capital(Q: Mar. 2026 )
=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))
=578.377 - 0.337 - ( 577.494 - max(0, 1.146 - 578.094+577.494))
=1.0919999999999

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

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

Atlas Menkul Kiymetler Yatirim Ortakligi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=503.276/( ( (0.281 + max(-1.057, 0)) + (0.283 + max(-0.67299999999993, 0)) )/ 2 )
=503.276/( ( 0.281 + 0.283 )/ 2 )
=503.276/0.282
=178,466.67 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.161) - (0.83 + 0 + 0.388)
=-1.057

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.47300000000007) - (0.337 + 0 + 0.809)
=-0.67299999999993

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

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

Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=125.819/790.633
=15.91 %

* 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.


Atlas Menkul Kiymetler Yatirim Ortakligi AS Operating Income Related Terms


Atlas Menkul Kiymetler Yatirim Ortakligi AS Operating Income Historical Data

* Premium members only.

The historical data trend for Atlas Menkul Kiymetler Yatirim Ortakligi 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.

Atlas Menkul Kiymetler Yatirim Ortakligi AS Operating Income Chart

Atlas Menkul Kiymetler Yatirim Ortakligi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.91 194.80 115.52 219.95 102.89

Atlas Menkul Kiymetler Yatirim Ortakligi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 28.94 47.54 40.99 -14.41 125.82
IST:ATLAS
65GF Score
Atlas Menkul Kiymetler Yatirim Ortakligi AS IST:ATLAS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Atlas Menkul Kiymetler Yatirim Ortakligi 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺200 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₺200 Mil mean?
Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) has a Operating Income of ₺200 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Atlas Menkul Kiymetler Yatirim Ortakligi AS and its competitors.
Is Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Income too high?
Atlas Menkul Kiymetler Yatirim Ortakligi AS's current Operating Income is ₺200 Mil. Overall, Atlas Menkul Kiymetler Yatirim Ortakligi AS has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Income compare to MS and GS?
Atlas Menkul Kiymetler Yatirim Ortakligi AS's Operating Income of ₺200 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Operating Income depends on the Capital Markets 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 Atlas Menkul Kiymetler Yatirim Ortakligi AS and its competitors. Atlas Menkul Kiymetler Yatirim Ortakligi AS's current Operating Income is ₺200 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Menkul Kiymetler Yatirim Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) is currently considered Fairly Valued. The stock's GF Value™ is ₺7.95, compared to a current price of ₺8.10 — trading 1.9% above its estimated fair value. The current Operating Income is ₺200 Mil. Atlas Menkul Kiymetler Yatirim Ortakligi AS's overall GF Score™ is 65/100 with 1 warning sign 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 Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS), the current Operating Income is ₺200 Mil as of Mar. 2026. 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 Atlas Menkul Kiymetler Yatirim Ortakligi AS (IST:ATLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Menkul Kiymetler Yatirim Ortakligi AS stock appears to be overvalued. The current stock price of ₺8.10 is trading 1.9% above its estimated GF Value™ of ₺7.95. GuruFocus considers Atlas Menkul Kiymetler Yatirim Ortakligi AS to be Fairly Valued.

Key valuation signals for IST:ATLAS:

  • Operating Income: ₺200 Mil
  • GF Value™: ₺7.95 vs. price of ₺8.10 (1.9% above fair value)
  • GF Score™: 65/100 with 1 warning sign

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


Atlas Menkul Kiymetler Yatirim Ortakligi AS Business Description

Address Buyukdere Cad. No: 171, Metro City A Block K Floor: 17, 1.Levent, Istanbul, TUR
Atlas Menkul Kiymetler Yatirim Ortakligi AS is an investment company. It is engaged in a trading portfolio of capital market instruments traded on national, international or other organized over-the-counter markets.
65GF Score

Get the complete analysis for IST:ATLAS

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

₺8.10
Price
₺7.95
GF Value