Netcad Yazilim AS (IST:NETCD) Operating Income: ₺ Mil (TTM As of Dec. 2024)


IST:NETCD Netcad Yazilim AS IST:NETCD
30 GF Score
Price ₺145.40
! 2 Warning Signs
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What is Netcad Yazilim AS Operating Income?

Netcad Yazilim AS IST:NETCD -5.58% 30 Operating Income is ₺ Mil as of Dec. 2024. GuruFocus rates IST:NETCD with a GF Score™ of 30/100. The stock has 2 warning signs investors should review.

Netcad Yazilim AS's Operating Income for the six months ended in Dec. 2024 was ₺722 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Netcad Yazilim AS's Operating Income for the six months ended in Dec. 2024 was ₺722 Mil. Netcad Yazilim AS's Revenue for the six months ended in Dec. 2024 was ₺1,126 Mil. Therefore, Netcad Yazilim AS's Operating Margin % for the quarter that ended in Dec. 2024 was 64.16%.

Netcad Yazilim 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. Netcad Yazilim AS's annualized ROC % for the quarter that ended in Dec. 2024 was 40.37%. Netcad Yazilim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 156.02%.

Netcad Yazilim AS  (IST:NETCD) Operating Income Explanation

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

Netcad Yazilim AS's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:

ROC % (Q: Dec. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Dec. 2024 ))/ count )
=722.154 * ( 1 - 0% )/( (1592.472 + 1985.283)/ 2 )
=722.154/1788.8775
=40.37 %

where

Invested Capital(Q: Dec. 2023 )
=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))
=1673.932 - 14.728 - ( 66.732 - max(0, 229.431 - 529.912+66.732))
=1592.472

Invested Capital(Q: Dec. 2024 )
=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))
=2172.299 - 21.641 - ( 165.375 - max(0, 159.817 - 775.301+165.375))
=1985.283

Note: The Operating Income data used here is one times the annual (Dec. 2024) data.

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

Netcad Yazilim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Dec. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=619.259/( ( (91.309 + max(256.952, 0)) + (101.479 + max(344.083, 0)) )/ 2 )
=619.259/( ( 348.261 + 445.562 )/ 2 )
=619.259/396.9115
=156.02 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(352.89 + 0.52 + 20.316) - (14.728 + 0 + 102.046)
=256.952

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(440.024 + 0.203 + 37.465) - (21.641 + 0 + 111.968)
=344.083

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2024) EBIT data.

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

Netcad Yazilim AS's Operating Margin % for the quarter that ended in Dec. 2024 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2024 )/Revenue (Q: Dec. 2024 )
=722.154/1125.559
=64.16 %

* 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.

Netcad Yazilim AS Operating Income Related Terms

Netcad Yazilim AS Operating Income Historical Data

* Premium members only.

The historical data trend for Netcad Yazilim 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.

Netcad Yazilim AS Operating Income Chart

Netcad Yazilim AS Annual Data
Trend Dec22 Dec23 Dec24
Operating Income
320.15 436.78 722.15

Netcad Yazilim AS Semi-Annual Data
Dec22 Dec23 Dec24
Operating Income 320.15 436.78 722.15
IST:NETCD
30GF Score
Netcad Yazilim AS IST:NETCD
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Netcad Yazilim 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Operating Income for the trailing twelve months (TTM) ended in Dec. 2024 was ₺ 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 ₺ Mil mean?
Netcad Yazilim AS (IST:NETCD) has a Operating Income of ₺ Mil as of Dec. 2024. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Netcad Yazilim AS and its competitors.
Is Netcad Yazilim AS's Operating Income too high?
Netcad Yazilim AS's current Operating Income is ₺ Mil. Overall, Netcad Yazilim AS has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Netcad Yazilim AS's Operating Income compare to CRM and SHOP?
Netcad Yazilim AS's Operating Income of ₺ Mil can be compared against companies in the Software 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 Software company?
A good Operating Income depends on the Software 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 Netcad Yazilim AS and its competitors. Netcad Yazilim AS's current Operating Income is ₺ Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcad Yazilim AS stock overvalued right now?
Netcad Yazilim AS (IST:NETCD) has a current Operating Income of ₺ Mil. The current Operating Income is ₺ Mil. Netcad Yazilim AS's overall GF Score™ is 30/100 with 2 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 Netcad Yazilim AS (IST:NETCD), the current Operating Income is ₺ Mil as of Dec. 2024. 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.

Netcad Yazilim AS Business Description

Address Bilkent Cyber Plaza, Block B, No. 409 Cyberpark, Cankaya, Ankara, TUR, 06800
Netcad Yazilim AS a developer of software in this field in Turkey focused on Geographic Information Systems (GIS), CAD, engineering and smart-city solutions. Its solutions involve Smart Cities, Smart Planning, Digital Mapping, Land Management, Smart Mining, Smart Grid Management, and Smart Transportation.
30GF Score

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

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