Sumer Varlik Yonetim AS (IST:SMRVA) Operating Income: ₺1,421 Mil (TTM As of Jun. 2026)

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IST:SMRVA Sumer Varlik Yonetim AS IST:SMRVA
23 GF Score
Price ₺11.48
! 1 Warning Sign
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What is Sumer Varlik Yonetim AS Operating Income?

Sumer Varlik Yonetim AS IST:SMRVA -2.30% 23 Operating Income is ₺1,421 Mil as of Jun. 2026. GuruFocus rates IST:SMRVA with a GF Score™ of 23/100. The stock has 1 warning sign investors should review.

Sumer Varlik Yonetim AS's Operating Income for the three months ended in Jun. 2026 was ₺468 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₺1,421 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Sumer Varlik Yonetim AS's Operating Income for the three months ended in Jun. 2026 was ₺468 Mil. Sumer Varlik Yonetim AS's Revenue for the three months ended in Jun. 2026 was ₺738 Mil. Therefore, Sumer Varlik Yonetim AS's Operating Margin % for the quarter that ended in Jun. 2026 was 63.36%.

Sumer Varlik Yonetim 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. Sumer Varlik Yonetim AS's annualized ROC % for the quarter that ended in Jun. 2026 was 31.80%. Sumer Varlik Yonetim AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 1,270.43%.


Sumer Varlik Yonetim AS  (IST:SMRVA) Operating Income Explanation

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

Sumer Varlik Yonetim AS'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 )
=1871.032 * ( 1 - 30.57% )/( (3982.988 + 4188.186)/ 2 )
=1299.0575176/4085.587
=31.80 %

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))
=5122.056 - 327.836 - ( 811.232 - max(0, 2052.564 - 4520.5+811.232))
=3982.988

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))
=5372.335 - 388.763 - ( 795.386 - max(0, 2120.313 - 4944.935+795.386))
=4188.186

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

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

Sumer Varlik Yonetim AS'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 )
=2133.68/( ( (169.375 + max(-274.176, 0)) + (166.525 + max(-328.185, 0)) )/ 2 )
=2133.68/( ( 169.375 + 166.525 )/ 2 )
=2133.68/167.95
=1,270.43 %

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)
=(0 + 0 + 53.66) - (327.836 + 0 + -4.5474735088646E-13)
=-274.176

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 60.761) - (388.763 + 0 + 0.18299999999999)
=-328.185

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 %:

Sumer Varlik Yonetim AS'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 )
=467.758/738.29
=63.36 %

* 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.


Sumer Varlik Yonetim AS Operating Income Related Terms


Sumer Varlik Yonetim AS Operating Income Historical Data

* Premium members only.

The historical data trend for Sumer Varlik Yonetim 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.

Sumer Varlik Yonetim AS Operating Income Chart

Sumer Varlik Yonetim AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
139.87 251.74 781.21 1,062.79 1,026.16

Sumer Varlik Yonetim AS Quarterly Data
Dec21 Dec22 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 43.90 121.81 466.16 365.27 467.76
IST:SMRVA
23GF Score
Sumer Varlik Yonetim AS IST:SMRVA
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Sumer Varlik Yonetim 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺1,421 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 ₺1,421 Mil mean?
Sumer Varlik Yonetim AS (IST:SMRVA) has a Operating Income of ₺1,421 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Sumer Varlik Yonetim AS and its competitors.
Is Sumer Varlik Yonetim AS's Operating Income too high?
Sumer Varlik Yonetim AS's current Operating Income is ₺1,421 Mil. Overall, Sumer Varlik Yonetim AS has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Sumer Varlik Yonetim AS's Operating Income compare to BLK and BX?
Sumer Varlik Yonetim AS's Operating Income of ₺1,421 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Operating Income depends on the Asset Management 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 Sumer Varlik Yonetim AS and its competitors. Sumer Varlik Yonetim AS's current Operating Income is ₺1,421 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sumer Varlik Yonetim AS stock overvalued right now?
Sumer Varlik Yonetim AS (IST:SMRVA) has a current Operating Income of ₺1,421 Mil. The current Operating Income is ₺1,421 Mil. Sumer Varlik Yonetim AS's overall GF Score™ is 23/100 with 1 warning sign 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 Sumer Varlik Yonetim AS (IST:SMRVA), the current Operating Income is ₺1,421 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.

Sumer Varlik Yonetim AS Business Description

Address Buyukdere Street, Oz Sezen Business Center B Block K: 1-2-3, Esentepe District, Sisli, Istanbul, TUR
Sumer Varlik Yonetim AS operates in the field of purchasing receivables and other assets of banks and other financial institutions, collecting from debtors and restructuring them, and converting collateral into cash. It aims to serve as a bridge between financial institutions and debtors by emphasizing fast collection policy and efficiency and to produce business solutions that satisfy all parties.
23GF 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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