Tureks Turunc Madencilik Ic ve Dis Ticaret AS (IST:MARBL) Operating Income: ₺228 Mil (TTM As of Dec. 2025)

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IST:MARBL Tureks Turunc Madencilik Ic ve Dis Ticaret AS IST:MARBL
55 GF Score
Price ₺12.25
! 6 Warning Signs
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What is Tureks Turunc Madencilik Ic ve Dis Ticaret AS Operating Income?

Tureks Turunc Madencilik Ic ve Dis Ticaret AS IST:MARBL +1.41% 55 Operating Income is ₺228 Mil as of Dec. 2025. GuruFocus rates IST:MARBL with a GF Score™ of 55/100. The stock has 6 warning signs investors should review.

Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Income for the three months ended in Dec. 2025 was ₺5 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was ₺228 Mil.

Warning Sign:

Tureks Turunc Madencilik Ic ve Dis Ticaret 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. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Income for the three months ended in Dec. 2025 was ₺5 Mil. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Revenue for the three months ended in Dec. 2025 was ₺834 Mil. Therefore, Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Margin % for the quarter that ended in Dec. 2025 was 0.58%.

Good Sign:

Tureks Turunc Madencilik Ic ve Dis Ticaret AS operating margin is expanding. Margin expansion is usually a good sign.

Tureks Turunc Madencilik Ic ve Dis Ticaret AS's 5-Year average Growth Rate for Operating Margin % was 8.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's annualized ROC % for the quarter that ended in Dec. 2025 was 0.53%. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 3.06%.


Tureks Turunc Madencilik Ic ve Dis Ticaret AS  (IST:MARBL) Operating Income Explanation

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

Tureks Turunc Madencilik Ic ve Dis Ticaret 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 )
=19.26 * ( 1 - 0% )/( (3671.55 + 3622.673)/ 2 )
=19.26/3647.1115
=0.53 %

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))
=4319.911 - 580.789 - ( 67.572 - max(0, 1153.108 - 2031.654+67.572))
=3671.55

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))
=4279.811 - 607.46 - ( 49.678 - max(0, 1344.229 - 2073.079+49.678))
=3622.673

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

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

Tureks Turunc Madencilik Ic ve Dis Ticaret 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 )
=88.44/( ( (1755.381 + max(1157.235, 0)) + (1673.6 + max(1199.93, 0)) )/ 2 )
=88.44/( ( 2912.616 + 2873.53 )/ 2 )
=88.44/2893.073
=3.06 %

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)
=(373.056 + 1360.971 + 205.555) - (580.789 + 0 + 201.558)
=1157.235

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(348.948 + 1453.308 + 206.414) - (607.46 + 0 + 201.28)
=1199.93

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 %:

Tureks Turunc Madencilik Ic ve Dis Ticaret 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 )
=4.815/833.799
=0.58 %

* 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.


Tureks Turunc Madencilik Ic ve Dis Ticaret AS Operating Income Related Terms


Tureks Turunc Madencilik Ic ve Dis Ticaret AS Operating Income Historical Data

* Premium members only.

The historical data trend for Tureks Turunc Madencilik Ic ve Dis Ticaret 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.

Tureks Turunc Madencilik Ic ve Dis Ticaret AS Operating Income Chart

Tureks Turunc Madencilik Ic ve Dis Ticaret AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 48.25 145.23 159.19 124.17 224.72

Tureks Turunc Madencilik Ic ve Dis Ticaret AS Quarterly Data
Dec20 Dec21 Sep22 Dec22 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 -11.67 73.88 50.88 98.52 4.82
IST:MARBL
55GF Score
Tureks Turunc Madencilik Ic ve Dis Ticaret AS IST:MARBL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tureks Turunc Madencilik Ic ve Dis 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.

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 ₺228 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 ₺228 Mil mean?
Tureks Turunc Madencilik Ic ve Dis Ticaret AS (IST:MARBL) has a Operating Income of ₺228 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tureks Turunc Madencilik Ic ve Dis Ticaret AS and its competitors.
Is Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Income too high?
Tureks Turunc Madencilik Ic ve Dis Ticaret AS's current Operating Income is ₺228 Mil. Overall, Tureks Turunc Madencilik Ic ve Dis Ticaret AS has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Income compare to CRH and VMC?
Tureks Turunc Madencilik Ic ve Dis Ticaret AS's Operating Income of ₺228 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 Tureks Turunc Madencilik Ic ve Dis Ticaret AS and its competitors. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's current Operating Income is ₺228 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tureks Turunc Madencilik Ic ve Dis Ticaret AS stock overvalued right now?
Tureks Turunc Madencilik Ic ve Dis Ticaret AS (IST:MARBL) has a current Operating Income of ₺228 Mil. The current Operating Income is ₺228 Mil. Tureks Turunc Madencilik Ic ve Dis Ticaret AS's overall GF Score™ is 55/100 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 Tureks Turunc Madencilik Ic ve Dis Ticaret AS (IST:MARBL), the current Operating Income is ₺228 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.

Tureks Turunc Madencilik Ic ve Dis Ticaret AS Business Description

Address Street No. 8, Organized Industrial Zone 1. Avenue 5, Afyonkarahisar, TUR
Tureks Turunc Madencilik Ic ve Dis Ticaret AS is natural stone supplier company in Turkey. Its products include Turkish marble, travertine, limestone and onyx.
55GF Score

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