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Dogus Otomotiv Servis Ve Tic AS (IST:DOAS) Financial Strength : 8 (As of Sep. 2023)


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What is Dogus Otomotiv Servis Ve Tic AS Financial Strength?

Dogus Otomotiv Servis Ve Tic AS has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Dogus Otomotiv Servis Ve Tic AS shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Dogus Otomotiv Servis Ve Tic AS's Interest Coverage for the quarter that ended in Sep. 2023 was 17.02. Dogus Otomotiv Servis Ve Tic AS's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.05. As of today, Dogus Otomotiv Servis Ve Tic AS's Altman Z-Score is 6.44.


Competitive Comparison of Dogus Otomotiv Servis Ve Tic AS's Financial Strength

For the Auto & Truck Dealerships subindustry, Dogus Otomotiv Servis Ve Tic AS's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Dogus Otomotiv Servis Ve Tic AS's Financial Strength Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dogus Otomotiv Servis Ve Tic AS's Financial Strength distribution charts can be found below:

* The bar in red indicates where Dogus Otomotiv Servis Ve Tic AS's Financial Strength falls into.



Dogus Otomotiv Servis Ve Tic AS Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Dogus Otomotiv Servis Ve Tic AS's Interest Expense for the months ended in Sep. 2023 was ₺-429 Mil. Its Operating Income for the months ended in Sep. 2023 was ₺7,299 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₺3,261 Mil.

Dogus Otomotiv Servis Ve Tic AS's Interest Coverage for the quarter that ended in Sep. 2023 is

Interest Coverage=-1*Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*7299.352/-428.818
=17.02

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Dogus Otomotiv Servis Ve Tic AS's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2023 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(3525.907 + 3260.947) / 144219.196
=0.05

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Dogus Otomotiv Servis Ve Tic AS has a Z-score of 6.44, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 6.44 is strong.

* 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.


Dogus Otomotiv Servis Ve Tic AS  (IST:DOAS) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Dogus Otomotiv Servis Ve Tic AS has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Dogus Otomotiv Servis Ve Tic AS Financial Strength Related Terms

Thank you for viewing the detailed overview of Dogus Otomotiv Servis Ve Tic AS's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Dogus Otomotiv Servis Ve Tic AS (IST:DOAS) Business Description

Traded in Other Exchanges
Address
Maslak Mahallesi, Ahi Evran Caddesi, Dogus Center Maslak, Number 4, IC Kapi Number 13, Sariyer, Istanbul, TUR
Dogus Otomotiv Servis Ve Tic AS is a Turkey-based distributor of Volkswagen AG and its activities include importing, marketing and selling automobiles and spare parts of Volkswagen Group brands. The company also operates in the used car market across Turkey throughout its dealer network.

Dogus Otomotiv Servis Ve Tic AS (IST:DOAS) Headlines

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