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Ozyasar Tel ve Galvanizlemenayi AS (IST:OZYSR) Operating Income : ₺ Mil (TTM As of Dec. 2022)


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What is Ozyasar Tel ve Galvanizlemenayi AS Operating Income?

Ozyasar Tel ve Galvanizlemenayi AS's Operating Income for the six months ended in Dec. 2022 was ₺226 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Ozyasar Tel ve Galvanizlemenayi AS's Operating Income for the six months ended in Dec. 2022 was ₺226 Mil. Ozyasar Tel ve Galvanizlemenayi AS's Revenue for the six months ended in Dec. 2022 was ₺3,239 Mil. Therefore, Ozyasar Tel ve Galvanizlemenayi AS's Operating Margin % for the quarter that ended in Dec. 2022 was 6.98%.

Ozyasar Tel ve Galvanizlemenayi 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. Ozyasar Tel ve Galvanizlemenayi AS's annualized ROC % for the quarter that ended in Dec. 2022 was 17.53%. Ozyasar Tel ve Galvanizlemenayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 17.25%.


Ozyasar Tel ve Galvanizlemenayi AS Operating Income Historical Data

The historical data trend for Ozyasar Tel ve Galvanizlemenayi 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.

* Premium members only.

Ozyasar Tel ve Galvanizlemenayi AS Operating Income Chart

Ozyasar Tel ve Galvanizlemenayi AS Annual Data
Trend Dec20 Dec21 Dec22
Operating Income
84.03 141.10 226.05

Ozyasar Tel ve Galvanizlemenayi AS Semi-Annual Data
Dec20 Dec21 Dec22
Operating Income 84.03 141.10 226.05

Ozyasar Tel ve Galvanizlemenayi 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. 2022 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.


Ozyasar Tel ve Galvanizlemenayi AS  (IST:OZYSR) Operating Income Explanation

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

Ozyasar Tel ve Galvanizlemenayi AS's annualized ROC % for the quarter that ended in Dec. 2022 is calculated as:

ROC % (Q: Dec. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2021 ) + Invested Capital (Q: Dec. 2022 ))/ count )
=226.045 * ( 1 - -1.72% )/( (957.45 + 1666.285)/ 2 )
=229.932974/1311.8675
=17.53 %

where

Invested Capital(Q: Dec. 2021 )
=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))
=1437.628 - 397.313 - ( 82.865 - max(0, 942.515 - 1036.498+82.865))
=957.45

Invested Capital(Q: Dec. 2022 )
=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))
=1942.963 - 241.725 - ( 97.34 - max(0, 1140.394 - 1175.347+97.34))
=1666.285

Note: The Operating Income data used here is one times the annual (Dec. 2022) data.

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

Ozyasar Tel ve Galvanizlemenayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2021  Q: Dec. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=165.953/( ( (319.867 + max(329.642, 0)) + (622.931 + max(651.739, 0)) )/ 2 )
=165.953/( ( 649.509 + 1274.67 )/ 2 )
=165.953/962.0895
=17.25 %

where Working Capital is:

Working Capital(Q: Dec. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(415.261 + 441.415 + 44.624) - (397.313 + 0 + 174.345)
=329.642

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(457.532 + 436.956 + 121.746) - (241.725 + 0 + 122.77)
=651.739

When net working capital is negative, 0 is used.

Note: The EBIT data used here is one times the annual (Dec. 2022) EBIT data.

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

Ozyasar Tel ve Galvanizlemenayi AS's Operating Margin % for the quarter that ended in Dec. 2022 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2022 )/Revenue (Q: Dec. 2022 )
=226.045/3238.96
=6.98 %

* 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.


Ozyasar Tel ve Galvanizlemenayi AS Operating Income Related Terms

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Ozyasar Tel ve Galvanizlemenayi AS Business Description

Traded in Other Exchanges
N/A
Address
Seyitnizam Mah. Demriciler Sitesi, CAD.10 Yol Aydas Business Center, No. 7B Block, Zeytinburnu, Turkey, TUR
Ozyasar Tel ve Galvanizleme Sanayi AS is a Company through its subsidiaries engaged in the production, purchase and sale of materials such as cold drawn wire, spring wire, acsr wire, patented wire, welded panel fence, galvanized wire, rope, monotron, PVC coated wire, armor wire, flat wire, annealed wire, oiled bale wire, rod wire, helical wire as a whole.

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