Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) Operating Income: ₺-87 Mil (TTM As of Jun. 2026)

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IST:GZNMI Gezinomi Seyahat Turizm Ticaret Anonim Sirketi IST:GZNMI
71 GF Score
Price ₺51.80
GF Value ₺66.86
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Operating Income?

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi IST:GZNMI -4.07% 71 Operating Income is ₺-87 Mil as of Jun. 2026. GuruFocus rates IST:GZNMI with a GF Score™ of 71/100 and a GF Value™ of ₺66.86 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Income for the three months ended in Jun. 2026 was ₺-54 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₺-87 Mil.

Warning Sign:

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi had lost money in 67% of the time over the past 12quarters.

Operating Margin % is calculated as Operating Income divided by its Revenue. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Income for the three months ended in Jun. 2026 was ₺-54 Mil. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Revenue for the three months ended in Jun. 2026 was ₺582 Mil. Therefore, Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Margin % for the quarter that ended in Jun. 2026 was -9.27%.

Warning Sign:

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi operating margin has been in a 5-year decline. The average rate of decline per year is -23.6%.

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's 5-Year average Growth Rate for Operating Margin % was -23.60% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's annualized ROC % for the quarter that ended in Jun. 2026 was -5.49%. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 6.78%.


Gezinomi Seyahat Turizm Ticaret Anonim Sirketi  (IST:GZNMI) Operating Income Explanation

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

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=-215.796 * ( 1 - 0% )/( (3675.641 + 4190.272)/ 2 )
=-215.796/3932.9565
=-5.49 %

where

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))
=4369.641 - 756.114 - ( 81.772 - max(0, 2494.733 - 2432.619+81.772))
=3675.641

Invested Capital(Q: Jun. 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))
=4871.478 - 769.579 - ( 259.795 - max(0, 2964.796 - 2876.423+259.795))
=4190.272

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

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

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=101.004/( ( (1223.063 + max(394.33, 0)) + (1183.864 + max(177.488, 0)) )/ 2 )
=101.004/( ( 1617.393 + 1361.352 )/ 2 )
=101.004/1489.3725
=6.78 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(395.871 + 1.591 + 1551.93) - (756.114 + 0 + 798.948)
=394.33

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(469.565 + 12.821 + 1659.742) - (769.579 + 0 + 1195.061)
=177.488

When net working capital is negative, 0 is used.

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

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

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=-53.949/581.875
=-9.27 %

* 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.


Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Operating Income Related Terms


Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Operating Income Historical Data

* Premium members only.

The historical data trend for Gezinomi Seyahat Turizm Ticaret Anonim Sirketi'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.

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Operating Income Chart

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 6.26 63.03 3.70 163.06 24.50

Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -3.92 246.20 -207.36 -71.92 -53.95
IST:GZNMI
71GF Score
Gezinomi Seyahat Turizm Ticaret Anonim Sirketi IST:GZNMI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Gezinomi Seyahat Turizm Ticaret Anonim Sirketi 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺-87 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 ₺-87 Mil mean?
Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) has a Operating Income of ₺-87 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Gezinomi Seyahat Turizm Ticaret Anonim Sirketi and its competitors.
Is Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Income too high?
Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's current Operating Income is ₺-87 Mil. Overall, Gezinomi Seyahat Turizm Ticaret Anonim Sirketi has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Income compare to BKNG and ABNB?
Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's Operating Income of ₺-87 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Operating Income depends on the Travel & Leisure 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 Gezinomi Seyahat Turizm Ticaret Anonim Sirketi and its competitors. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's current Operating Income is ₺-87 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gezinomi Seyahat Turizm Ticaret Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺66.86, compared to a current price of ₺51.80 — trading 22.5% below its estimated fair value. The current Operating Income is ₺-87 Mil. Gezinomi Seyahat Turizm Ticaret Anonim Sirketi's overall GF Score™ is 71/100 with 8 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 Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI), the current Operating Income is ₺-87 Mil as of Jun. 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 Gezinomi Seyahat Turizm Ticaret Anonim Sirketi (IST:GZNMI) Overvalued in 2026?

Based on GuruFocus' analysis, Gezinomi Seyahat Turizm Ticaret Anonim Sirketi stock appears to be undervalued. The current stock price of ₺51.80 is trading 22.5% below its estimated GF Value™ of ₺66.86. GuruFocus considers Gezinomi Seyahat Turizm Ticaret Anonim Sirketi to be Modestly Undervalued.

Key valuation signals for IST:GZNMI:

  • Operating Income: ₺-87 Mil
  • GF Value™: ₺66.86 vs. price of ₺51.80 (22.5% below fair value)
  • GF Score™: 71/100 with 8 warning signs

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


Gezinomi Seyahat Turizm Ticaret Anonim Sirketi Business Description

Address Mehmetcik Mah. 1242 Sok. No 3B, 2 Muratpasa, Antalya, TUR
Gezinomi Seyahat Turizm Ticaret Anonim Sirketi is a tour operator with its hotel and tour services. It allows users to buy services comprising domestic and international tours, hotel accommodation, Cyprus hotels, car rentals, flight tickets, transfers, and holidays.
71GF Score

Get the complete analysis for IST:GZNMI

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

₺51.80
Price
₺66.86
GF Value