Borlease Otomotiv AS (IST:BORLS) Operating Income: ₺-331 Mil (TTM As of Dec. 2025)


IST:BORLS Borlease Otomotiv AS IST:BORLS
41 GF Score
Price ₺6.92
! 9 Warning Signs
View Full Analysis

What is Borlease Otomotiv AS Operating Income?

Borlease Otomotiv AS IST:BORLS -4.68% 41 Operating Income is ₺-331 Mil as of Dec. 2025. GuruFocus rates IST:BORLS with a GF Score™ of 41/100. The stock has 9 warning signs investors should review.

Borlease Otomotiv AS's Operating Income for the three months ended in Dec. 2025 was ₺-541 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ₺-331 Mil.

Warning Sign:

Borlease Otomotiv AS has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Borlease Otomotiv AS's Operating Income for the three months ended in Dec. 2025 was ₺-541 Mil. Borlease Otomotiv AS's Revenue for the three months ended in Dec. 2025 was ₺1,986 Mil. Therefore, Borlease Otomotiv AS's Operating Margin % for the quarter that ended in Dec. 2025 was -27.26%.

Borlease Otomotiv AS's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Borlease Otomotiv AS's annualized ROC % for the quarter that ended in Dec. 2025 was -13.68%. Borlease Otomotiv AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -15.64%.

Borlease Otomotiv AS  (IST:BORLS) Operating Income Explanation

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

Borlease Otomotiv AS's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-2165.5 * ( 1 - 0% )/( (16030.362 + 15622.923)/ 2 )
=-2165.5/15826.6425
=-13.68 %

where

Invested Capital(Q: Sep. 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))
=14990.178 - 2258.311 - ( 141.859 - max(0, 8907.847 - 5609.352+141.859))
=16030.362

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))
=13128.119 - 2695.637 - ( 56.734 - max(0, 9583.094 - 4392.653+56.734))
=15622.923

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

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

Borlease Otomotiv AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1398.264/( ( (7945.935 + max(2010.729, 0)) + (7918.363 + max(-575.697, 0)) )/ 2 )
=-1398.264/( ( 9956.664 + 7918.363 )/ 2 )
=-1398.264/8937.5135
=-15.64 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2221.774 + 1313.044 + 1603.36) - (2258.311 + 0 + 869.138)
=2010.729

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1733.35 + 193.403 + 1128.168) - (2695.637 + 0 + 934.981)
=-575.697

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

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

Borlease Otomotiv AS's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-541.375/1986.172
=-27.26 %

* 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.

Borlease Otomotiv AS Operating Income Related Terms

Borlease Otomotiv AS Operating Income Historical Data

* Premium members only.

The historical data trend for Borlease Otomotiv 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.

Borlease Otomotiv AS Operating Income Chart

Borlease Otomotiv AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 239.80 207.78 270.75 843.78 -315.00

Borlease Otomotiv AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 405.41 222.43 -193.44 181.16 -541.38
IST:BORLS
41GF Score
Borlease Otomotiv AS IST:BORLS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borlease Otomotiv 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 Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-331 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 ₺-331 Mil mean?
Borlease Otomotiv AS (IST:BORLS) has a Operating Income of ₺-331 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Borlease Otomotiv AS and its competitors.
Is Borlease Otomotiv AS's Operating Income too high?
Borlease Otomotiv AS's current Operating Income is ₺-331 Mil. Overall, Borlease Otomotiv AS has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Borlease Otomotiv AS's Operating Income compare to URI and SUNB?
Borlease Otomotiv AS's Operating Income of ₺-331 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Operating Income depends on the Business Services 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 Borlease Otomotiv AS and its competitors. Borlease Otomotiv AS's current Operating Income is ₺-331 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borlease Otomotiv AS stock overvalued right now?
Borlease Otomotiv AS (IST:BORLS) has a current Operating Income of ₺-331 Mil. The current Operating Income is ₺-331 Mil. Borlease Otomotiv AS's overall GF Score™ is 41/100 with 9 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 Borlease Otomotiv AS (IST:BORLS), the current Operating Income is ₺-331 Mil as of Dec. 2025. 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.

Borlease Otomotiv AS Business Description

Address Saray Mahallesi, Dr. Adnan Buyukdeniz Cad. 2, Blok No: 4 Ic Kapi No: 28 Umraniye, Istanbul, TUR
Borlease Otomotiv AS is a company whose main activity is is to rent all kinds of motorized and non-motorized land vehicles, whether it is owned or otherwise obtained from third parties and institutions. The Company primarily provides operational fleet rental services for all brands of passenger vehicles.
41GF Score

Get the complete analysis for IST:BORLS

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

₺6.92
Price