GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dardanel Onentas Gida Sanayi AS (IST:DARDL) » Definitions » Operating Income

Dardanel Onentas Gidanayi AS (IST:DARDL) Operating Income : ₺185 Mil (TTM As of Dec. 2022)


View and export this data going back to 1994. Start your Free Trial

What is Dardanel Onentas Gidanayi AS Operating Income?

Dardanel Onentas Gidanayi AS's Operating Income for the six months ended in Dec. 2022 was ₺185 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2022 was ₺185 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Dardanel Onentas Gidanayi AS's Operating Income for the six months ended in Dec. 2022 was ₺185 Mil. Dardanel Onentas Gidanayi AS's Revenue for the six months ended in Dec. 2022 was ₺2,873 Mil. Therefore, Dardanel Onentas Gidanayi AS's Operating Margin % for the quarter that ended in Dec. 2022 was 6.44%.

Warning Sign:

Dardanel Onentas Gida Sanayi AS operating margin has been in a 5-year decline. The average rate of decline per year is -7.9%.

Dardanel Onentas Gidanayi AS's 5-Year average Growth Rate for Operating Margin % was -7.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dardanel Onentas Gidanayi AS's annualized ROC % for the quarter that ended in Dec. 2022 was 7.65%. Dardanel Onentas Gidanayi AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2022 was 11.07%.


Dardanel Onentas Gidanayi AS Operating Income Historical Data

The historical data trend for Dardanel Onentas Gidanayi 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.

Dardanel Onentas Gidanayi AS Operating Income Chart

Dardanel Onentas Gidanayi AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.03 67.37 119.86 93.11 184.96

Dardanel Onentas Gidanayi AS Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 45.03 67.37 119.86 93.11 184.96

Dardanel Onentas Gidanayi 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 ₺185 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.


Dardanel Onentas Gidanayi AS  (IST:DARDL) Operating Income Explanation

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

Dardanel Onentas Gidanayi 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 )
=184.963 * ( 1 - 0.41% )/( (1345.577 + 3472.814)/ 2 )
=184.2046517/2409.1955
=7.65 %

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))
=1486.016 - 125.929 - ( 14.51 - max(0, 495.324 - 613.114+14.51))
=1345.577

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))
=3560.308 - 364.316 - ( 15.735 - max(0, 1339.29 - 1062.468+15.735))
=3472.814

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

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

Dardanel Onentas Gidanayi 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 )
=231.635/( ( (861.82 + max(421.274, 0)) + (2329.804 + max(573.189, 0)) )/ 2 )
=231.635/( ( 1283.094 + 2902.993 )/ 2 )
=231.635/2093.0435
=11.07 %

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)
=(348.859 + 130.224 + 100.815) - (125.929 + 0 + 32.695)
=421.274

Working Capital(Q: Dec. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(166.837 + 365.583 + 459.352) - (364.316 + 0 + 54.267)
=573.189

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 %:

Dardanel Onentas Gidanayi 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 )
=184.963/2873.144
=6.44 %

* 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.


Dardanel Onentas Gidanayi AS Operating Income Related Terms

Thank you for viewing the detailed overview of Dardanel Onentas Gidanayi AS's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Dardanel Onentas Gidanayi AS (IST:DARDL) Business Description

Traded in Other Exchanges
N/A
Address
Haydar Aliyev Cad Number 142, Tarabya, Istanbul, TUR
Dardanel Onentas Gida Sanayi AS is a Turkey-based company involved in the manufacturing of canned food. It produces Tuna Fish, Ready to serve Food, Salmon, Chilled Products and Corn among other products.

Dardanel Onentas Gidanayi AS (IST:DARDL) Headlines

No Headlines