Kuzey Boru AS (IST:KBORU) Operating Income: ₺504 Mil (TTM As of Mar. 2026)


IST:KBORU Kuzey Boru AS IST:KBORU
52 GF Score
Price ₺26.32
! 16 Warning Signs
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What is Kuzey Boru AS Operating Income?

Kuzey Boru AS IST:KBORU +0.92% 52 Operating Income is ₺504 Mil as of Mar. 2026. GuruFocus rates IST:KBORU with a GF Score™ of 52/100. The stock has 16 warning signs investors should review.

Kuzey Boru AS's Operating Income for the three months ended in Mar. 2026 was ₺138 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₺504 Mil.

Warning Sign:

Kuzey Boru 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. Kuzey Boru AS's Operating Income for the three months ended in Mar. 2026 was ₺138 Mil. Kuzey Boru AS's Revenue for the three months ended in Mar. 2026 was ₺2,044 Mil. Therefore, Kuzey Boru AS's Operating Margin % for the quarter that ended in Mar. 2026 was 6.77%.

Good Sign:

Kuzey Boru AS operating margin is expanding. Margin expansion is usually a good sign.

Kuzey Boru AS's 5-Year average Growth Rate for Operating Margin % was 6.40% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kuzey Boru AS's annualized ROC % for the quarter that ended in Mar. 2026 was 2.07%. Kuzey Boru AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.29%.

Kuzey Boru AS  (IST:KBORU) Operating Income Explanation

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

Kuzey Boru 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 )
=553.188 * ( 1 - 62.44% )/( (9374.262 + 10659.645)/ 2 )
=207.7774128/10016.9535
=2.07 %

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))
=11013.127 - 1348.413 - ( 290.452 - max(0, 3584.11 - 6530.866+290.452))
=9374.262

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))
=13935.395 - 2318.444 - ( 957.306 - max(0, 6470.43 - 8436.354+957.306))
=10659.645

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

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

Kuzey Boru 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 )
=4010.54/( ( (4040.585 + max(4576.108, 0)) + (5420.662 + max(3672.625, 0)) )/ 2 )
=4010.54/( ( 8616.693 + 9093.287 )/ 2 )
=4010.54/8854.99
=45.29 %

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)
=(2662.31 + 3220.022 + 356.352) - (1348.413 + 0 + 314.163)
=4576.108

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2776.132 + 3710.467 + 990.719) - (2318.444 + 0 + 1486.249)
=3672.625

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 %:

Kuzey Boru 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 )
=138.297/2044.094
=6.77 %

* 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.

Kuzey Boru AS Operating Income Related Terms

Kuzey Boru AS Operating Income Historical Data

* Premium members only.

The historical data trend for Kuzey Boru 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.

Kuzey Boru AS Operating Income Chart

Kuzey Boru AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 16.09 207.83 637.62 397.40 603.03

Kuzey Boru AS Quarterly Data
Dec20 Dec21 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 263.30 144.30 178.91 42.76 138.30
IST:KBORU
52GF Score
Kuzey Boru AS IST:KBORU
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Kuzey Boru 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 ₺504 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 ₺504 Mil mean?
Kuzey Boru AS (IST:KBORU) has a Operating Income of ₺504 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kuzey Boru AS and its competitors.
Is Kuzey Boru AS's Operating Income too high?
Kuzey Boru AS's current Operating Income is ₺504 Mil. Overall, Kuzey Boru AS has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Kuzey Boru AS's Operating Income compare to CRH and VMC?
Kuzey Boru AS's Operating Income of ₺504 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Operating Income depends on the Building Materials 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 Kuzey Boru AS and its competitors. Kuzey Boru AS's current Operating Income is ₺504 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuzey Boru AS stock overvalued right now?
Kuzey Boru AS (IST:KBORU) has a current Operating Income of ₺504 Mil. The current Operating Income is ₺504 Mil. Kuzey Boru AS's overall GF Score™ is 52/100 with 16 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 Kuzey Boru AS (IST:KBORU), the current Operating Income is ₺504 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.

Kuzey Boru AS Business Description

Address Kirimli OSB Mah. Find, Mehmetcik Blv No. 2, Mehmetcik, TUR
Kuzey Boru AS is a company whose main activity is the production of plastic pipes and adding parts, all kinds of steel, drawn pipe, concrete pipe, polyethylene pipe, polypropylene pipe, ductile pipe and its products. It carries out production, import-export and domestic trade.
52GF Score

Get the complete analysis for IST:KBORU

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

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