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Turkish Airlines
Buy, Hold or Sell?

Let's analyse Turkish Airlines together

PenkeI guess you are interested in Turkish Airlines. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Turkish Airlines. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Turkish Airlines (30 sec.)










What can you expect buying and holding a share of Turkish Airlines? (30 sec.)

How much money do you get?

How much money do you get?
₺0.00
When do you have the money?
1 year
How often do you get paid?
2.5%

What is your share worth?

Current worth
₺9.12
Expected worth in 1 year
₺11.10
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
₺1.99
Return On Investment
0.7%

For what price can you sell your share?

Current Price per Share
₺277.75
Expected price per share
₺248.00 - ₺294.75
How sure are you?
50%
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1. Valuation of Turkish Airlines (5 min.)




Live pricePrice per Share (EOD)

₺277.75

Intrinsic Value Per Share

₺7,710.81 - ₺9,146.17

Total Value Per Share

₺7,719.93 - ₺9,155.29

2. Growth of Turkish Airlines (5 min.)




Is Turkish Airlines growing?

Current yearPrevious yearGrowGrow %
How rich?$401.3m$255.5m$1.4b85.1%

How much money is Turkish Airlines making?

Current yearPrevious yearGrowGrow %
Making money$2.1b$618.4m$1.5b71.0%
Net Profit Margin14.5%12.4%--

How much money comes from the company's main activities?

3. Financial Health of Turkish Airlines (5 min.)




4. Comparing to competitors in the Airlines industry (5 min.)




  Industry Rankings (Airlines)  

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What can you expect buying and holding a share of Turkish Airlines? (5 min.)

Welcome investor! Turkish Airlines's management wants to use your money to grow the business. In return you get a share of Turkish Airlines.

What can you expect buying and holding a share of Turkish Airlines?

First you should know what it really means to hold a share of Turkish Airlines. And how you can make/lose money.

Speculation

The Price per Share of Turkish Airlines is ₺277.75. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Turkish Airlines.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Turkish Airlines, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ₺9.12. Based on the TTM, the Book Value Change Per Share is ₺0.50 per quarter. Based on the YOY, the Book Value Change Per Share is ₺0.60 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ₺0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Turkish Airlines.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps1.390.5%5.251.9%7.322.6%2.701.0%1.530.6%
Usd Book Value Change Per Share0.050.0%0.020.0%0.020.0%0.010.0%0.000.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.050.0%0.020.0%0.020.0%0.010.0%0.010.0%
Usd Price Per Share7.74-5.55-1.35-1.63-0.96-
Price to Earnings Ratio1.39-0.50-0.09--0.09--0.05-
Price-to-Total Gains Ratio157.19-195.48-83.11-40.66-6.48-
Price to Book Ratio26.60-17.39-7.01-6.35-3.70-
Price-to-Total Gains Ratio157.19-195.48-83.11-40.66-6.48-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share8.860225
Number of shares112
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.020.01
Usd Total Gains Per Share0.020.01
Gains per Quarter (112 shares)1.770.77
Gains per Year (112 shares)7.093.07
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
107-303-7
2014406-4
30211109-1
4028180122
5035250155
6043320188
70503902211
80574602514
90645302817
100716003120

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%10.02.00.083.3%13.07.00.065.0%25.010.05.062.5%49.010.012.069.0%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%12.08.00.060.0%24.016.00.060.0%49.022.00.069.0%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%1.00.039.02.5%6.00.065.08.5%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%12.08.00.060.0%24.016.00.060.0%50.021.00.070.4%
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Fundamentals of Turkish Airlines

About Turkish Airlines

Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance, and technical and infrastructure support services related to aviation sector; catering and ground service fuel services; software system maintenance and information technology consulting services. It is also involved in training, airport operation, and investment activities; provides cabin interior products and cargo transportation; and the trading of aviation fuel. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.

Fundamental data was last updated by Penke on 2024-02-20 14:18:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is expensive.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Turkish Airlines.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Turkish Airlines earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • A Net Profit Margin of 30.4% means that ₤0.30 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Turkish Airlines:

  • The MRQ is 30.4%. The company is making a huge profit. +2
  • The TTM is 14.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ30.4%TTM14.5%+15.9%
TTM14.5%YOY12.4%+2.0%
TTM14.5%5Y5.0%+9.5%
5Y5.0%10Y5.7%-0.7%
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ30.4%3.3%+27.1%
TTM14.5%3.2%+11.3%
YOY12.4%-12.1%+24.5%
5Y5.0%-21.2%+26.2%
10Y5.7%-8.7%+14.4%
1.1.2. Return on Assets

Shows how efficient Turkish Airlines is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • 173.2% Return on Assets means that Turkish Airlines generated ₤1.73 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Turkish Airlines:

  • The MRQ is 173.2%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 71.8%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ173.2%TTM71.8%+101.4%
TTM71.8%YOY65.5%+6.3%
TTM71.8%5Y32.0%+39.7%
5Y32.0%10Y33.7%-1.6%
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ173.2%1.1%+172.1%
TTM71.8%0.8%+71.0%
YOY65.5%-2.0%+67.5%
5Y32.0%-1.3%+33.3%
10Y33.7%0.2%+33.5%
1.1.3. Return on Equity

Shows how efficient Turkish Airlines is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • 478.0% Return on Equity means Turkish Airlines generated ₤4.78 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Turkish Airlines:

  • The MRQ is 478.0%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 210.1%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ478.0%TTM210.1%+267.9%
TTM210.1%YOY219.1%-9.0%
TTM210.1%5Y102.4%+107.7%
5Y102.4%10Y113.0%-10.6%
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ478.0%9.9%+468.1%
TTM210.1%3.6%+206.5%
YOY219.1%-5.8%+224.9%
5Y102.4%-6.7%+109.1%
10Y113.0%-1.7%+114.7%
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1.2. Operating Efficiency of Turkish Airlines.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Turkish Airlines is operating .

  • Measures how much profit Turkish Airlines makes for each ₤1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • An Operating Margin of 0.0% means the company generated ₤0.00  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Turkish Airlines:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM95.9%-95.9%
TTM95.9%YOY220.1%-124.2%
TTM95.9%5Y71.4%+24.6%
5Y71.4%10Y37.2%+34.2%
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ-5.4%-5.4%
TTM95.9%5.0%+90.9%
YOY220.1%-5.4%+225.5%
5Y71.4%-15.7%+87.1%
10Y37.2%-5.2%+42.4%
1.2.2. Operating Ratio

Measures how efficient Turkish Airlines is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Airlines industry mean).
  • An Operation Ratio of 1.41 means that the operating costs are ₤1.41 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Turkish Airlines:

  • The MRQ is 1.409. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.596. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.409TTM1.596-0.187
TTM1.596YOY1.631-0.035
TTM1.5965Y1.746-0.150
5Y1.74610Y1.382+0.364
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4091.310+0.099
TTM1.5961.283+0.313
YOY1.6311.327+0.304
5Y1.7461.712+0.034
10Y1.3821.328+0.054
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1.3. Liquidity of Turkish Airlines.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Turkish Airlines is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Airlines industry mean).
  • A Current Ratio of 1.05 means the company has ₤1.05 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Turkish Airlines:

  • The MRQ is 1.046. The company is just able to pay all its short-term debts.
  • The TTM is 0.921. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ1.046TTM0.921+0.125
TTM0.921YOY0.783+0.137
TTM0.9215Y0.770+0.150
5Y0.77010Y0.517+0.253
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0460.795+0.251
TTM0.9210.787+0.134
YOY0.7830.795-0.012
5Y0.7700.762+0.008
10Y0.5170.765-0.248
1.3.2. Quick Ratio

Measures if Turkish Airlines is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • A Quick Ratio of 0.75 means the company can pay off ₤0.75 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Turkish Airlines:

  • The MRQ is 0.747. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.340. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.747TTM0.340+0.407
TTM0.340YOY0.179+0.161
TTM0.3405Y0.193+0.147
5Y0.19310Y0.212-0.020
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7470.516+0.231
TTM0.3400.518-0.178
YOY0.1790.549-0.370
5Y0.1930.460-0.267
10Y0.2120.480-0.268
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1.4. Solvency of Turkish Airlines.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Turkish Airlines assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Turkish Airlines to Airlines industry mean.
  • A Debt to Asset Ratio of 0.64 means that Turkish Airlines assets are financed with 63.8% credit (debt) and the remaining percentage (100% - 63.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Turkish Airlines:

  • The MRQ is 0.638. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.674. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.674-0.036
TTM0.674YOY0.719-0.046
TTM0.6745Y0.730-0.056
5Y0.73010Y0.728+0.002
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6380.835-0.197
TTM0.6740.846-0.172
YOY0.7190.842-0.123
5Y0.7300.820-0.090
10Y0.7280.759-0.031
1.4.2. Debt to Equity Ratio

Measures if Turkish Airlines is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Turkish Airlines to the Airlines industry mean.
  • A Debt to Equity ratio of 176.0% means that company has ₤1.76 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Turkish Airlines:

  • The MRQ is 1.760. The company is just able to pay all its debts with equity.
  • The TTM is 2.078. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.760TTM2.078-0.318
TTM2.078YOY2.591-0.513
TTM2.0785Y2.783-0.705
5Y2.78310Y2.721+0.061
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7603.608-1.848
TTM2.0784.281-2.203
YOY2.5913.979-1.388
5Y2.7834.372-1.589
10Y2.7213.516-0.795
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2. Market Valuation of Turkish Airlines

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₤1 in earnings Turkish Airlines generates.

  • Above 15 is considered overpriced but always compare Turkish Airlines to the Airlines industry mean.
  • A PE ratio of 1.39 means the investor is paying ₤1.39 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Turkish Airlines:

  • The EOD is 1.594. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.392. Based on the earnings, the company is cheap. +2
  • The TTM is 0.504. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.594MRQ1.392+0.202
MRQ1.392TTM0.504+0.888
TTM0.504YOY0.089+0.415
TTM0.5045Y-0.089+0.593
5Y-0.08910Y-0.046-0.044
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
EOD1.5943.948-2.354
MRQ1.3924.035-2.643
TTM0.5043.834-3.330
YOY0.089-1.413+1.502
5Y-0.0892.541-2.630
10Y-0.0467.789-7.835
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Turkish Airlines:

  • The EOD is 2.369. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 2.068. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 1.281. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD2.369MRQ2.068+0.301
MRQ2.068TTM1.281+0.788
TTM1.281YOY0.418+0.862
TTM1.2815Y0.400+0.880
5Y0.40010Y0.200+0.200
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
EOD2.3691.816+0.553
MRQ2.0681.828+0.240
TTM1.2811.943-0.662
YOY0.4180.419-0.001
5Y0.400-0.310+0.710
10Y0.200-0.033+0.233
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Turkish Airlines is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Airlines industry mean).
  • A PB ratio of 26.60 means the investor is paying ₤26.60 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Turkish Airlines:

  • The EOD is 30.464. Based on the equity, the company is expensive. -2
  • The MRQ is 26.598. Based on the equity, the company is expensive. -2
  • The TTM is 17.388. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD30.464MRQ26.598+3.866
MRQ26.598TTM17.388+9.209
TTM17.388YOY7.010+10.379
TTM17.3885Y6.352+11.036
5Y6.35210Y3.703+2.649
Compared to industry (Airlines)
PeriodCompanyIndustry (mean)+/- 
EOD30.4641.643+28.821
MRQ26.5981.611+24.987
TTM17.3881.858+15.530
YOY7.0101.579+5.431
5Y6.3522.383+3.969
10Y3.7032.470+1.233
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Turkish Airlines compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--1.5430.496+211%0.600+157%0.215+617%0.105+1371%
Book Value Per Share--9.11738.856-77%5.805+57%13.708-33%11.786-23%
Current Ratio--1.0460.921+14%0.783+33%0.770+36%0.517+102%
Debt To Asset Ratio--0.6380.674-5%0.719-11%0.730-13%0.728-12%
Debt To Equity Ratio--1.7602.078-15%2.591-32%2.783-37%2.721-35%
Dividend Per Share----0%-0%-0%0.098-100%
Eps--43.562164.649-74%229.572-81%84.676-49%47.891-9%
Free Cash Flow Per Share--29.313180.916-84%27.742+6%54.821-47%54.821-47%
Free Cash Flow To Equity Per Share--29.313-51.197+275%-238.817+915%-94.269+422%-94.269+422%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.875+14%
Intrinsic Value_10Y_max--9146.171--------
Intrinsic Value_10Y_min--7710.808--------
Intrinsic Value_1Y_max--414.654--------
Intrinsic Value_1Y_min--406.996--------
Intrinsic Value_3Y_max--1628.340--------
Intrinsic Value_3Y_min--1546.827--------
Intrinsic Value_5Y_max--3303.150--------
Intrinsic Value_5Y_min--3032.980--------
Market Cap383295000000.000+13%334650000000.000239982000000.000+39%58539600000.000+472%70320744560.100+376%44402358795.700+654%
Net Profit Margin--0.3040.145+110%0.124+144%0.050+511%0.057+436%
Operating Margin---0.959-100%2.201-100%0.714-100%0.372-100%
Operating Ratio--1.4091.596-12%1.631-14%1.746-19%1.382+2%
Pb Ratio30.464+13%26.59817.388+53%7.010+279%6.352+319%3.703+618%
Pe Ratio1.594+13%1.3920.504+176%0.089+1462%-0.089+106%-0.046+103%
Price Per Share277.750+13%242.500173.900+39%42.420+472%50.956+376%30.021+708%
Price To Free Cash Flow Ratio2.369+13%2.0681.281+61%0.418+395%0.400+417%0.200+933%
Price To Total Gains Ratio180.035+13%157.186195.478-20%83.115+89%40.659+287%6.480+2326%
Quick Ratio--0.7470.340+120%0.179+317%0.193+288%0.212+252%
Return On Assets--1.7320.718+141%0.655+164%0.320+440%0.337+414%
Return On Equity--4.7802.101+128%2.191+118%1.024+367%1.130+323%
Total Gains Per Share--1.5430.496+211%0.600+157%0.215+617%0.203+659%
Usd Book Value--401365800.0001710533825.000-77%255526975.000+57%603538929.882-33%542792884.911-26%
Usd Book Value Change Per Share--0.0490.016+211%0.019+157%0.007+617%0.003+1371%
Usd Book Value Per Share--0.2911.240-77%0.185+57%0.437-33%0.376-23%
Usd Dividend Per Share----0%-0%-0%0.003-100%
Usd Eps--1.3905.252-74%7.323-81%2.701-49%1.528-9%
Usd Free Cash Flow--1290431266.5207964270606.614-84%1221265349.178+6%1809990156.417-29%904995078.208+43%
Usd Free Cash Flow Per Share--0.9355.771-84%0.885+6%1.749-47%1.749-47%
Usd Free Cash Flow To Equity Per Share--0.935-1.633+275%-7.618+915%-3.007+422%-3.007+422%
Usd Market Cap12227110500.000+13%10675335000.0007655425800.000+39%1867413240.000+472%2243231751.467+376%1416435245.583+654%
Usd Price Per Share8.860+13%7.7365.547+39%1.353+472%1.625+376%0.958+708%
Usd Profit--1917668755.2002131935778.055-10%618498112.843+210%611925616.096+213%631282318.164+204%
Usd Revenue--6313325105.01018550098025.614-66%4235600923.758+49%7004175436.857-10%7841072059.975-19%
Usd Total Gains Per Share--0.0490.016+211%0.019+157%0.007+617%0.006+659%
 EOD+4 -4MRQTTM+17 -16YOY+26 -75Y+19 -1410Y+20 -16

3.2. Fundamental Score

Let's check the fundamental score of Turkish Airlines based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-151.594
Price to Book Ratio (EOD)Between0-130.464
Net Profit Margin (MRQ)Greater than00.304
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.747
Current Ratio (MRQ)Greater than11.046
Debt to Asset Ratio (MRQ)Less than10.638
Debt to Equity Ratio (MRQ)Less than11.760
Return on Equity (MRQ)Greater than0.154.780
Return on Assets (MRQ)Greater than0.051.732
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Turkish Airlines based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.166
Ma 20Greater thanMa 50284.000
Ma 50Greater thanMa 100262.248
Ma 100Greater thanMa 200250.326
OpenGreater thanClose282.750
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Net Working Capital  -897,000-18,048,000-18,945,00017,821,000-1,124,00036,000-1,088,0001,495,000407,000



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in TRY. All numbers in thousands.

Summary
Total Assets34,712,000
Total Liabilities22,130,000
Total Stockholder Equity12,577,000
 As reported
Total Liabilities 22,130,000
Total Stockholder Equity+ 12,577,000
Total Assets = 34,712,000

Assets

Total Assets34,712,000
Total Current Assets9,285,000
Long-term Assets25,427,000
Total Current Assets
Cash And Cash Equivalents 910,000
Short-term Investments 5,767,000
Net Receivables 867,000
Inventory 359,000
Other Current Assets 86,000
Total Current Assets  (as reported)9,285,000
Total Current Assets  (calculated)7,989,000
+/- 1,296,000
Long-term Assets
Property Plant Equipment 22,220,000
Goodwill 27,000
Intangible Assets 83,000
Long-term Assets  (as reported)25,427,000
Long-term Assets  (calculated)22,330,000
+/- 3,097,000

Liabilities & Shareholders' Equity

Total Current Liabilities8,878,000
Long-term Liabilities13,252,000
Total Stockholder Equity12,577,000
Total Current Liabilities
Short Long Term Debt 2,193,000
Accounts payable 1,323,000
Other Current Liabilities 438,000
Total Current Liabilities  (as reported)8,878,000
Total Current Liabilities  (calculated)3,954,000
+/- 4,924,000
Long-term Liabilities
Long term Debt 589,000
Capital Lease Obligations Min Short Term Debt10,861,000
Long-term Liabilities  (as reported)13,252,000
Long-term Liabilities  (calculated)11,450,000
+/- 1,802,000
Total Stockholder Equity
Retained Earnings 10,885,000
Total Stockholder Equity (as reported)12,577,000
Total Stockholder Equity (calculated)10,885,000
+/- 1,692,000
Other
Capital Stock1,597,000
Common Stock Shares Outstanding 1,380,000
Net Debt 1,872,000
Net Invested Capital 15,359,000
Net Working Capital 407,000
Property Plant and Equipment Gross 34,450,000



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-31
> Total Assets 
3,213,706
4,366,940
4,614,048
4,599,025
4,715,849
4,943,307
5,054,282
4,921,796
5,645,800
6,080,764
6,577,557
7,871,636
8,577,650
8,370,227
8,598,839
8,572,089
8,823,805
9,270,589
8,982,074
10,648,886
12,112,614
13,422,112
14,846,818
16,404,947
16,215,975
17,933,192
18,529,681
18,780,903
20,031,972
22,497,072
24,348,478
25,399,342
27,175,511
28,441,291
31,508,676
31,875,607
37,406,767
42,198,286
49,915,111
47,638,000
48,349,000
52,416,000
55,716,000
65,074,000
67,203,000
64,473,000
66,232,000
68,647,000
73,129,000
90,375,000
122,984,000
109,076,000
23,105,845
22,994,387
23,944,000
24,683,621
24,970,000
24,742,000
24,463,000
187,402,000
25,377,000
26,330,000
27,160,000
26,537,000
27,274,000
29,363,000
30,470,000
578,571,000
32,069,000
33,059,000
34,712,000
34,712,00033,059,00032,069,000578,571,00030,470,00029,363,00027,274,00026,537,00027,160,00026,330,00025,377,000187,402,00024,463,00024,742,00024,970,00024,683,62123,944,00022,994,38723,105,845109,076,000122,984,00090,375,00073,129,00068,647,00066,232,00064,473,00067,203,00065,074,00055,716,00052,416,00048,349,00047,638,00049,915,11142,198,28637,406,76731,875,60731,508,67628,441,29127,175,51125,399,34224,348,47822,497,07220,031,97218,780,90318,529,68117,933,19216,215,97516,404,94714,846,81813,422,11212,112,61410,648,8868,982,0749,270,5898,823,8058,572,0898,598,8398,370,2278,577,6507,871,6366,577,5576,080,7645,645,8004,921,7965,054,2824,943,3074,715,8494,599,0254,614,0484,366,9403,213,706
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,217,000
15,455,000
13,699,000
15,227,000
22,704,000
31,701,000
23,706,000
4,859,328
4,831,935
4,404,000
28,339,000
24,806,000
28,568,000
29,238,000
30,659,000
34,150,000
41,325,000
47,482,000
65,797,000
81,812,000
118,450,000
136,372,000
135,095,000
151,513,000
220,567,000
9,285,000
9,285,000220,567,000151,513,000135,095,000136,372,000118,450,00081,812,00065,797,00047,482,00041,325,00034,150,00030,659,00029,238,00028,568,00024,806,00028,339,0004,404,0004,831,9354,859,32823,706,00031,701,00022,704,00015,227,00013,699,00015,455,00014,217,000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,307,000
8,679,000
7,132,000
7,500,000
11,628,000
16,343,000
8,606,000
1,829,969
1,367,588
1,789,000
2,071,884
1,555,000
1,761,000
1,263,000
13,293,000
1,763,000
2,254,000
2,984,000
2,677,000
2,545,000
3,521,000
3,605,000
76,192,000
2,210,000
2,622,000
910,000
910,0002,622,0002,210,00076,192,0003,605,0003,521,0002,545,0002,677,0002,984,0002,254,0001,763,00013,293,0001,263,0001,761,0001,555,0002,071,8841,789,0001,367,5881,829,9698,606,00016,343,00011,628,0007,500,0007,132,0008,679,0004,307,000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,838,000
1,290,000
736,000
198,000
395,000
0
519,000
385,473
509,381
111,000
399,486
209,000
15,000
14,000
131,000
16,000
102,000
11,000
5,000
576,000
768,000
1,022,000
13,825,000
3,207,000
3,405,000
5,767,000
5,767,0003,405,0003,207,00013,825,0001,022,000768,000576,0005,00011,000102,00016,000131,00014,00015,000209,000399,486111,000509,381385,473519,0000395,000198,000736,0001,290,0004,838,000000000000000000000000000000000000000000000000
       Net Receivables 
208,029
345,310
368,870
320,037
378,484
422,891
382,992
291,766
685,722
511,371
476,197
426,595
613,843
604,281
562,413
529,330
657,837
686,844
670,776
675,083
933,940
988,520
1,054,646
867,792
1,298,543
1,765,891
2,194,065
896,393
1,992,524
2,215,380
2,595,064
1,331,421
3,001,734
3,305,021
3,660,796
1,494,829
2,080,623
1,960,938
2,053,991
1,594,000
1,829,000
2,158,000
2,256,000
1,996,000
2,420,000
2,619,000
2,481,000
2,791,000
3,473,000
7,589,000
5,935,000
4,490,000
682,143
675,653
649,000
4,794,000
3,240,000
3,685,000
5,608,000
7,103,000
8,696,000
10,403,000
10,795,000
14,541,000
25,133,000
22,205,000
25,704,000
23,325,000
36,446,000
32,247,000
867,000
867,00032,247,00036,446,00023,325,00025,704,00022,205,00025,133,00014,541,00010,795,00010,403,0008,696,0007,103,0005,608,0003,685,0003,240,0004,794,000649,000675,653682,1434,490,0005,935,0007,589,0003,473,0002,791,0002,481,0002,619,0002,420,0001,996,0002,256,0002,158,0001,829,0001,594,0002,053,9911,960,9382,080,6231,494,8293,660,7963,305,0213,001,7341,331,4212,595,0642,215,3801,992,524896,3932,194,0651,765,8911,298,543867,7921,054,646988,520933,940675,083670,776686,844657,837529,330562,413604,281613,843426,595476,197511,371685,722291,766382,992422,891378,484320,037368,870345,310208,029
       Other Current Assets 
49,717
47,476
40,136
36,520
44,131
41,829
35,612
307,452
37,329
227,042
129,113
146,838
53,521
130,292
82,596
821,664
1,547,554
2,146,913
2,250,812
1,782,831
1,131,356
911,749
756,516
1,195,115
1,196,844
553,580
538,060
710,193
285,633
368,691
363,320
1,438,750
342,395
352,981
579,003
2,868,851
4,105,067
3,592,231
4,027,944
4,103,000
3,479,000
3,371,000
3,305,000
3,292,000
2,908,000
1,357,000
1,946,000
2,089,000
2,624,000
1,615,000
7,285,000
6,384,000
170,088
122,799
121,000
6,685,000
6,752,000
9,371,000
9,796,000
7,147,000
6,696,000
6,692,000
6,359,000
11,029,000
3,762,000
15,460,000
16,678,000
14,629,000
2,203,000
18,712,000
86,000
86,00018,712,0002,203,00014,629,00016,678,00015,460,0003,762,00011,029,0006,359,0006,692,0006,696,0007,147,0009,796,0009,371,0006,752,0006,685,000121,000122,799170,0886,384,0007,285,0001,615,0002,624,0002,089,0001,946,0001,357,0002,908,0003,292,0003,305,0003,371,0003,479,0004,103,0004,027,9443,592,2314,105,0672,868,851579,003352,981342,3951,438,750363,320368,691285,633710,193538,060553,5801,196,8441,195,115756,516911,7491,131,3561,782,8312,250,8122,146,9131,547,554821,66482,596130,29253,521146,838129,113227,04237,329307,45235,61241,82944,13136,52040,13647,47649,717
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,246,517
18,162,451
19,540,000
19,920,876
21,163,000
20,567,000
20,719,000
156,743,000
21,275,000
21,570,000
21,810,000
21,599,000
21,682,000
22,255,000
23,105,000
443,476,000
24,158,000
24,517,000
25,427,000
25,427,00024,517,00024,158,000443,476,00023,105,00022,255,00021,682,00021,599,00021,810,00021,570,00021,275,000156,743,00020,719,00020,567,00021,163,00019,920,87619,540,00018,162,45118,246,5170000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
2,002,132
2,829,644
3,252,933
3,138,029
3,228,674
3,209,084
3,166,803
3,234,359
3,787,167
3,790,083
4,133,419
5,049,450
5,449,922
4,963,150
4,906,522
4,811,019
4,860,438
4,780,491
4,730,079
6,443,437
7,808,317
8,726,320
9,518,417
11,092,595
10,538,020
11,710,533
11,819,368
12,693,340
13,369,278
14,962,203
16,090,303
17,162,417
18,253,217
18,814,498
21,059,025
21,335,502
24,869,686
28,538,926
34,243,751
33,191,000
34,394,000
38,745,000
40,001,000
47,422,000
49,294,000
45,160,000
45,301,000
49,040,000
51,025,000
58,918,000
79,200,000
73,219,000
89,249,000
92,020,000
95,626,000
102,534,000
119,129,000
124,526,000
144,205,000
138,896,000
157,753,000
168,502,000
173,433,000
259,576,000
284,723,000
334,909,000
385,807,345
396,988,000
21,482,000
21,765,000
22,220,000
22,220,00021,765,00021,482,000396,988,000385,807,345334,909,000284,723,000259,576,000173,433,000168,502,000157,753,000138,896,000144,205,000124,526,000119,129,000102,534,00095,626,00092,020,00089,249,00073,219,00079,200,00058,918,00051,025,00049,040,00045,301,00045,160,00049,294,00047,422,00040,001,00038,745,00034,394,00033,191,00034,243,75128,538,92624,869,68621,335,50221,059,02518,814,49818,253,21717,162,41716,090,30314,962,20313,369,27812,693,34011,819,36811,710,53310,538,02011,092,5959,518,4178,726,3207,808,3176,443,4374,730,0794,780,4914,860,4384,811,0194,906,5224,963,1505,449,9225,049,4504,133,4193,790,0833,787,1673,234,3593,166,8033,209,0843,228,6743,138,0293,252,9332,829,6442,002,132
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,524
52,524
58,241
60,160
26,372
28,303
28,800
32,418
33,363
37,797
36,000
35,000
36,000
37,000
44,000
45,000
44,000
44,000
47,000
49,000
57,000
74,000
65,000
12,533
12,297
12,000
12,437
12,000
12,000
12,000
91,000
12,000
12,000
12,000
12,000
12,000
12,000
12,000
500,000
27,000
27,000
27,000
27,00027,00027,000500,00012,00012,00012,00012,00012,00012,00012,00091,00012,00012,00012,00012,43712,00012,29712,53365,00074,00057,00049,00047,00044,00044,00045,00044,00037,00036,00035,00036,00037,79733,36332,41828,80028,30326,37260,16058,24152,52452,52400000000000000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
985,000
1,307,000
1,402,000
1,558,000
2,190,000
3,274,000
2,338,000
2,359,000
2,514,000
2,587,000
2,723,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000002,723,0002,587,0002,514,0002,359,0002,338,0003,274,0002,190,0001,558,0001,402,0001,307,000985,000000000000000000000000000000000000000000000000
       Intangible Assets 
5,418
5,253
5,790
7,509
7,017
7,442
9,487
10,445
10,157
14,193
14,661
17,697
16,723
16,033
16,659
10,670
21,863
29,078
30,567
33,099
32,310
37,558
36,944
46,963
37,084
60,296
51,808
51,184
50,542
103,866
123,279
140,092
142,138
155,758
159,115
194,259
214,488
214,337
230,212
294,000
277,000
272,000
269,000
303,000
296,000
284,000
283,000
296,000
260,000
299,000
387,000
429,000
80,926
79,672
80,000
82,183
81,000
90,000
86,000
653,000
90,000
87,000
84,000
82,000
77,000
73,000
72,000
1,432,000
71,000
78,000
83,000
83,00078,00071,0001,432,00072,00073,00077,00082,00084,00087,00090,000653,00086,00090,00081,00082,18380,00079,67280,926429,000387,000299,000260,000296,000283,000284,000296,000303,000269,000272,000277,000294,000230,212214,337214,488194,259159,115155,758142,138140,092123,279103,86650,54251,18451,80860,29637,08446,96336,94437,55832,31033,09930,56729,07821,86310,67016,65916,03316,72317,69714,66114,19310,15710,4459,4877,4427,0177,5095,7905,2535,418
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
101,913,000
104,864,000
110,783,593
118,532,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000118,532,000110,783,593104,864,000101,913,0000000000000000000000000000000000000000000000000000000
> Total Liabilities 
2,127,430
2,912,129
3,059,822
2,989,306
3,064,636
3,245,287
3,251,607
3,017,488
3,529,598
3,921,309
4,005,719
4,885,049
5,440,373
5,382,577
5,248,365
5,127,209
5,262,316
5,574,579
5,307,313
6,901,479
8,643,643
10,202,091
11,607,078
11,906,019
11,958,123
13,431,774
13,391,389
13,375,859
14,726,376
16,666,466
17,556,670
18,436,851
20,266,387
21,285,952
22,287,503
22,721,204
26,482,876
30,204,797
35,272,295
33,548,000
35,645,000
39,564,000
41,813,000
47,175,000
50,218,000
48,338,000
47,366,000
48,476,000
53,055,000
65,432,000
86,345,000
77,792,000
17,166,905
17,231,155
17,313,000
17,827,480
18,626,000
18,780,000
18,830,000
147,891,000
19,627,000
20,665,000
20,632,000
19,700,000
20,051,000
21,224,000
20,628,000
397,144,000
22,044,000
22,606,000
22,130,000
22,130,00022,606,00022,044,000397,144,00020,628,00021,224,00020,051,00019,700,00020,632,00020,665,00019,627,000147,891,00018,830,00018,780,00018,626,00017,827,48017,313,00017,231,15517,166,90577,792,00086,345,00065,432,00053,055,00048,476,00047,366,00048,338,00050,218,00047,175,00041,813,00039,564,00035,645,00033,548,00035,272,29530,204,79726,482,87622,721,20422,287,50321,285,95220,266,38718,436,85117,556,67016,666,46614,726,37613,375,85913,391,38913,431,77411,958,12311,906,01911,607,07810,202,0918,643,6436,901,4795,307,3135,574,5795,262,3165,127,2095,248,3655,382,5775,440,3734,885,0494,005,7193,921,3093,529,5983,017,4883,251,6073,245,2873,064,6362,989,3063,059,8222,912,1292,127,430
   > Total Current Liabilities 
1,115,550
1,375,971
1,102,814
1,073,728
1,086,131
1,364,797
1,350,680
1,140,245
1,238,241
1,563,425
1,490,342
1,614,308
1,864,276
2,137,757
2,044,330
1,949,243
2,187,023
2,663,129
2,316,049
2,540,820
3,120,269
3,731,454
4,002,752
3,951,410
4,547,050
5,124,189
4,720,308
4,533,668
5,591,351
6,378,060
6,348,895
6,652,756
7,745,228
8,244,991
7,830,903
8,505,345
10,344,188
10,995,723
11,537,702
11,248,000
11,572,000
12,201,000
13,251,000
15,832,000
17,886,000
19,008,000
17,477,000
16,209,000
19,453,000
23,647,000
30,051,000
27,273,000
6,071,072
6,292,531
5,934,000
35,417,000
40,523,000
44,319,000
47,844,000
47,379,000
51,859,000
60,661,000
62,854,000
90,443,000
111,996,000
150,676,000
153,276,000
154,040,000
173,346,000
249,120,000
8,878,000
8,878,000249,120,000173,346,000154,040,000153,276,000150,676,000111,996,00090,443,00062,854,00060,661,00051,859,00047,379,00047,844,00044,319,00040,523,00035,417,0005,934,0006,292,5316,071,07227,273,00030,051,00023,647,00019,453,00016,209,00017,477,00019,008,00017,886,00015,832,00013,251,00012,201,00011,572,00011,248,00011,537,70210,995,72310,344,1888,505,3457,830,9038,244,9917,745,2286,652,7566,348,8956,378,0605,591,3514,533,6684,720,3085,124,1894,547,0503,951,4104,002,7523,731,4543,120,2692,540,8202,316,0492,663,1292,187,0231,949,2432,044,3302,137,7571,864,2761,614,3081,490,3421,563,4251,238,2411,140,2451,350,6801,364,7971,086,1311,073,7281,102,8141,375,9711,115,550
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,041,000
461,000
575,000
602,000
675,000
1,212,000
1,702,000
8,568,000
8,969,000
8,782,179
10,288,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000010,288,0008,782,1798,969,0008,568,0001,702,0001,212,000675,000602,000575,000461,00035,041,000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,041,000
461,000
575,000
602,000
675,000
1,212,000
1,702,000
1,534,016
1,553,431
1,549,000
1,729,035
1,971,000
2,282,000
2,339,000
19,916,000
2,500,000
2,607,000
2,836,000
2,334,000
2,591,000
2,529,000
2,206,000
40,428,000
2,444,000
2,287,000
2,193,000
2,193,0002,287,0002,444,00040,428,0002,206,0002,529,0002,591,0002,334,0002,836,0002,607,0002,500,00019,916,0002,339,0002,282,0001,971,0001,729,0351,549,0001,553,4311,534,0161,702,0001,212,000675,000602,000575,000461,00035,041,000000000000000000000000000000000000000000000000
       Accounts payable 
236,806
356,187
373,029
313,765
314,259
377,755
369,354
357,398
361,609
437,698
374,425
435,109
437,567
507,375
522,303
560,802
551,176
615,145
608,307
735,874
808,773
901,892
988,501
1,001,610
1,069,892
1,083,302
918,759
912,324
964,936
1,203,442
1,318,683
1,451,182
1,431,940
1,552,145
1,713,418
1,538,601
1,557,910
1,834,260
2,172,568
1,949,000
1,829,000
2,098,000
2,228,000
2,169,000
2,350,000
2,502,000
2,965,000
3,229,000
3,403,000
4,043,000
5,909,000
5,375,000
974,694
999,191
1,037,000
6,708,000
6,418,000
6,743,000
6,518,000
6,322,000
6,378,000
7,522,000
7,510,000
11,896,000
12,740,000
21,468,000
22,917,000
22,482,000
23,531,000
33,683,000
1,323,000
1,323,00033,683,00023,531,00022,482,00022,917,00021,468,00012,740,00011,896,0007,510,0007,522,0006,378,0006,322,0006,518,0006,743,0006,418,0006,708,0001,037,000999,191974,6945,375,0005,909,0004,043,0003,403,0003,229,0002,965,0002,502,0002,350,0002,169,0002,228,0002,098,0001,829,0001,949,0002,172,5681,834,2601,557,9101,538,6011,713,4181,552,1451,431,9401,451,1821,318,6831,203,442964,936912,324918,7591,083,3021,069,8921,001,610988,501901,892808,773735,874608,307615,145551,176560,802522,303507,375437,567435,109374,425437,698361,609357,398369,354377,755314,259313,765373,029356,187236,806
       Other Current Liabilities 
374,451
580,130
493,116
536,388
539,111
761,945
757,006
553,051
611,018
838,586
779,060
759,270
956,121
1,205,722
1,102,547
975,329
1,235,538
1,645,657
1,326,297
1,310,707
1,709,734
2,156,092
2,186,686
2,156,029
2,709,176
3,207,965
2,903,591
2,724,268
3,701,352
4,135,489
3,860,201
3,979,545
4,999,220
5,313,521
4,662,502
5,501,311
7,166,173
7,269,278
6,972,756
6,310,000
6,555,000
6,594,000
5,006,000
5,128,000
6,380,000
7,626,000
6,076,000
6,405,000
7,177,000
9,890,000
9,608,000
7,701,000
280,556
245,424
281,000
6,849,000
10,474,000
10,317,000
9,022,000
5,213,000
9,460,000
14,592,000
13,938,000
18,942,000
34,983,000
58,905,000
56,541,000
49,993,000
66,789,000
107,559,000
438,000
438,000107,559,00066,789,00049,993,00056,541,00058,905,00034,983,00018,942,00013,938,00014,592,0009,460,0005,213,0009,022,00010,317,00010,474,0006,849,000281,000245,424280,5567,701,0009,608,0009,890,0007,177,0006,405,0006,076,0007,626,0006,380,0005,128,0005,006,0006,594,0006,555,0006,310,0006,972,7567,269,2787,166,1735,501,3114,662,5025,313,5214,999,2203,979,5453,860,2014,135,4893,701,3522,724,2682,903,5913,207,9652,709,1762,156,0292,186,6862,156,0921,709,7341,310,7071,326,2971,645,6571,235,538975,3291,102,5471,205,722956,121759,270779,060838,586611,018553,051757,006761,945539,111536,388493,116580,130374,451
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,095,833
10,938,623
11,379,000
11,875,183
12,406,000
12,302,000
12,704,000
100,512,000
13,398,000
13,688,000
13,567,000
12,927,000
12,411,000
12,197,000
12,366,000
243,104,000
13,009,000
12,976,000
13,252,000
13,252,00012,976,00013,009,000243,104,00012,366,00012,197,00012,411,00012,927,00013,567,00013,688,00013,398,000100,512,00012,704,00012,302,00012,406,00011,875,18311,379,00010,938,62311,095,8330000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-35,041,000
-461,000
-575,000
-602,000
-675,000
-1,212,000
-1,702,000
1,037,503
557,177
1,064,821
-385,712
10,500,000
10,430,000
10,717,000
83,001,000
10,767,000
10,949,000
10,706,000
10,244,000
9,900,000
9,809,000
9,934,000
201,669,000
10,928,000
10,875,000
10,861,000
10,861,00010,875,00010,928,000201,669,0009,934,0009,809,0009,900,00010,244,00010,706,00010,949,00010,767,00083,001,00010,717,00010,430,00010,500,000-385,7121,064,821557,1771,037,503-1,702,000-1,212,000-675,000-602,000-575,000-461,000-35,041,000000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
179,000
0
0
0
226,000
0
0
0
329,000
0
0
0
437,000
0
0
0
779,000
0
0
0
539,000
0
0
0
000539,000000779,000000437,000000329,000000226,000000179,00000000000000000000000000000000000000000000000000
> Total Stockholder Equity
1,086,276
1,454,811
1,554,225
1,609,719
1,651,213
1,698,021
1,802,675
1,904,308
2,116,202
2,159,455
2,571,838
2,986,587
3,137,277
2,987,650
3,350,474
3,444,880
3,561,489
3,696,011
3,674,761
3,747,407
3,468,971
3,220,021
3,239,740
4,498,928
4,257,851
4,501,418
5,138,292
5,405,044
5,305,596
5,830,606
6,791,808
6,962,490
6,909,124
7,155,339
9,221,173
9,154,403
10,923,890
11,993,489
14,642,815
14,090,000
12,704,000
12,852,000
13,903,000
17,899,000
16,985,000
16,135,000
18,866,000
20,171,000
20,074,000
24,943,000
36,639,000
31,281,000
5,938,403
5,762,712
6,631,000
6,855,637
6,343,000
5,961,000
5,632,000
39,502,000
5,749,000
5,664,000
6,527,000
6,836,000
7,222,000
8,138,000
9,841,000
181,422,000
10,022,000
10,448,000
12,577,000
12,577,00010,448,00010,022,000181,422,0009,841,0008,138,0007,222,0006,836,0006,527,0005,664,0005,749,00039,502,0005,632,0005,961,0006,343,0006,855,6376,631,0005,762,7125,938,40331,281,00036,639,00024,943,00020,074,00020,171,00018,866,00016,135,00016,985,00017,899,00013,903,00012,852,00012,704,00014,090,00014,642,81511,993,48910,923,8909,154,4039,221,1737,155,3396,909,1246,962,4906,791,8085,830,6065,305,5965,405,0445,138,2924,501,4184,257,8514,498,9283,239,7403,220,0213,468,9713,747,4073,674,7613,696,0113,561,4893,444,8803,350,4742,987,6503,137,2772,986,5872,571,8382,159,4552,116,2021,904,3081,802,6751,698,0211,651,2131,609,7191,554,2251,454,8111,086,276
   Common Stock
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
175,000
875,000
875,000
875,000
875,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
1,200,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
1,380,000
0
01,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,380,0001,200,0001,200,0001,200,0001,200,0001,200,0001,200,0001,200,0001,000,0001,000,0001,000,0001,000,0001,000,000875,000875,000875,000875,000175,000175,000175,000175,000175,000175,000175,000175,000175,000175,000175,000175,000175,000
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,692,000
8,985,000
10,474,000
10,743,000
15,171,000
22,911,000
17,591,000
20,833,000
20,804,000
21,350,000
22,668,000
25,233,000
26,939,000
31,059,000
26,966,000
34,870,000
36,387,000
38,830,000
69,890,000
82,233,000
102,832,000
122,286,000
113,240,000
118,951,000
182,994,000
0
0182,994,000118,951,000113,240,000122,286,000102,832,00082,233,00069,890,00038,830,00036,387,00034,870,00026,966,00031,059,00026,939,00025,233,00022,668,00021,350,00020,804,00020,833,00017,591,00022,911,00015,171,00010,743,00010,474,0008,985,0008,692,000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.