Periodic Financial Ratios

EXPLANATIONS:

• Since the collection of analyzable data in Extensible Business Reporting Language (XBRL) format in the PDP system has started as of June 2016, financial ratio data has been used as of June 30, 2016; Change rates are calculated as of June 30, 2017, based on the same period of the previous year.

• Financial ratios are calculated for four periods per year, for periods of 3, 6, 9 and 12 months, and are published on the 10th business day following the last date of announcement on the Public Disclosure Platform of the relevant period's consolidated financial reports, as announced by the MKK within the scope of CMB regulations.

• “Periodic Financial Ratios” are the arithmetic average of the ratios of companies that have published their financial statements for the relevant year and period. 

• “2016-2026 Average Financial Ratios” is the arithmetic average of the "Periodic Financial Ratios" calculated for 3, 6, 9-month and annual periods within the specified date range.   

• Data of BIST Equity Market companies, whose accounting period start date is January 1 and whose financial statements have been published as of the last announcement date on the Public Disclosure Platform for the relevant period are included in the calculations. Banks, participation banks, financial leasing, factoring, financing companies and insurance companies are not included in the calculations due to their different financial statement formats.

• When calculating financial ratios, companies with zero numerator or denominator are not included in the calculations. 

• In financial ratio calculations, the data in the "current period" column in the financial statements last published on the Public Disclosure Platform for the relevant year and period are used, and the data in the "previous period" column and retrospective adjustments are not taken into account.

• Retrospective adjustments are not made to financial ratios. 

• Outliers are not included in the ratio calculations made for the sector and all companies. Therefore, the number of companies may differ in the ratios calculated for the same period.

• Since annualization is not applied for interim periods in ratios where the “Statement of Financial Position” and “Profit or Loss Statement” items are used together, the financial ratios for each period should be evaluated on their own or compared with the ratios for the same period of the previous year. 

• Click here for the rules for calculating financial ratios .

DISCLAIMER NOTICE:

• The information contained herein is prepared for general information purposes and its completeness, accuracy and timeliness cannot be guaranteed. Generally accepted approaches have been used in the calculations and when compared with different sources, different results may be seen from the information contained herein. Although the data used has been compiled from sources supported by scientific studies, the accuracy of the calculated variables cannot be guaranteed. MKK is not responsible for any errors and deficiencies that may occur due to differences in technological and mathematical preferences in the calculations.

• The results of the calculations should not be interpreted as a recommendation to buy or sell any investment instrument or a promise of return. Making an investment decision based on these results may not produce results that are in line with your expectations. MKK is not responsible in any way for any direct and/or indirect losses that investors and third parties may suffer as a result of the use of the information due to any errors/deficiencies in the use of the data.