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Good Year Lastikleri TAS (IST:GOODY) Operating Margin % : 6.30% (As of Dec. 2023)


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What is Good Year Lastikleri TAS Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Good Year Lastikleri TAS's Operating Income for the three months ended in Dec. 2023 was ₺513 Mil. Good Year Lastikleri TAS's Revenue for the three months ended in Dec. 2023 was ₺8,148 Mil. Therefore, Good Year Lastikleri TAS's Operating Margin % for the quarter that ended in Dec. 2023 was 6.30%.

Warning Sign:

Good Year Lastikleri TAS operating margin has been in a 5-year decline. The average rate of decline per year is -12.8%.

The historical rank and industry rank for Good Year Lastikleri TAS's Operating Margin % or its related term are showing as below:

IST:GOODY' s Operating Margin % Range Over the Past 10 Years
Min: 3.5   Med: 7.32   Max: 16.1
Current: 6.36


IST:GOODY's Operating Margin % is ranked better than
58.29% of 1285 companies
in the Vehicles & Parts industry
Industry Median: 5.12 vs IST:GOODY: 6.36

Good Year Lastikleri TAS's 5-Year Average Operating Margin % Growth Rate was -12.80% per year.

Good Year Lastikleri TAS's Operating Income for the three months ended in Dec. 2023 was ₺513 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was ₺1,286 Mil.

Warning Sign:

Good Year Lastikleri TAS has recorded a loss in operating income at least once over the past 3 years.


Good Year Lastikleri TAS Operating Margin % Historical Data

The historical data trend for Good Year Lastikleri TAS's Operating Margin % 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.

Good Year Lastikleri TAS Operating Margin % Chart

Good Year Lastikleri TAS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.74 8.36 16.10 3.50 6.36

Good Year Lastikleri TAS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.12 12.98 -10.14 13.12 6.30

Competitive Comparison of Good Year Lastikleri TAS's Operating Margin %

For the Auto Parts subindustry, Good Year Lastikleri TAS's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Good Year Lastikleri TAS's Operating Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Good Year Lastikleri TAS's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Good Year Lastikleri TAS's Operating Margin % falls into.



Good Year Lastikleri TAS Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Good Year Lastikleri TAS's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1286.005 / 20226.559
=6.36 %

Good Year Lastikleri TAS's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=513.27 / 8148.017
=6.30 %

* 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.


Good Year Lastikleri TAS  (IST:GOODY) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

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 (Diluted) 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.


Good Year Lastikleri TAS Operating Margin % Related Terms

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Good Year Lastikleri TAS (IST:GOODY) Business Description

Traded in Other Exchanges
N/A
Address
Büyükdere Street, Maslak Square, Maslak Business Center No: 37 Floor: 3 -4, Maslak, Istanbul, TUR
Good Year Lastikleri TAS is a Turkey-based company engaged in the production and distribution of tires and other rubber products. Its products include summer, winter, and four-season tires for all types of vehicles that are used in cars, pickup trucks, vans, trucks, and buses. It also offers outer tires of radial and conventional heavy equipment; and various inner tubes and flaps. Geographically, the company caters its services in domestic and foreign markets.

Good Year Lastikleri TAS (IST:GOODY) Headlines

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