Dogu Aras Enerji Yatirimlari AS (ARASE) - Net Assets
Based on the latest financial reports, Dogu Aras Enerji Yatirimlari AS (ARASE) has net assets worth TL12.70 Billion TRY (≈ $284.36 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL21.39 Billion ≈ $479.05 Million USD) and total liabilities (TL8.69 Billion ≈ $194.69 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Dogu Aras Enerji Yatirimlari AS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL12.70 Billion |
| % of Total Assets | 59.36% |
| Annual Growth Rate | 85.69% |
| 5-Year Change | 1159.9% |
| 10-Year Change | N/A |
| Growth Volatility | 126.54 |
Dogu Aras Enerji Yatirimlari AS - Net Assets Trend (2018–2023)
This chart illustrates how Dogu Aras Enerji Yatirimlari AS's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Dogu Aras Enerji Yatirimlari AS to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dogu Aras Enerji Yatirimlari AS (2018–2023)
The table below shows the annual net assets of Dogu Aras Enerji Yatirimlari AS from 2018 to 2023. For live valuation and market cap data, see market cap of Dogu Aras Enerji Yatirimlari AS.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL9.75 Billion ≈ $218.26 Million |
+362.68% |
| 2022-12-31 | TL2.11 Billion ≈ $47.17 Million |
+50.59% |
| 2021-12-31 | TL1.40 Billion ≈ $31.33 Million |
+25.62% |
| 2020-12-31 | TL1.11 Billion ≈ $24.94 Million |
+43.94% |
| 2019-12-31 | TL773.47 Million ≈ $17.32 Million |
+75.14% |
| 2018-12-31 | TL441.63 Million ≈ $9.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dogu Aras Enerji Yatirimlari AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2434.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL8.82 Billion | 90.50% |
| Common Stock | TL250.00 Million | 2.57% |
| Other Comprehensive Income | TL676.13 Million | 6.94% |
| Other Components | TL1.00 | 0.00% |
| Total Equity | TL9.75 Billion | 100.00% |
Dogu Aras Enerji Yatirimlari AS Competitors by Market Cap
The table below lists competitors of Dogu Aras Enerji Yatirimlari AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aba Chemicals Corp
SHE:300261
|
$648.43 Million |
|
Gokaldas Exports Limited
NSE:GOKEX
|
$648.76 Million |
|
Hello Group Inc
NASDAQ:MOMO
|
$648.77 Million |
|
Franklin BSP Realty Trust Inc
NYSE:FBRT
|
$648.80 Million |
|
Karnov Group AB
ST:KAR
|
$648.40 Million |
|
Park Aerospace Corp
NYSE:PKE
|
$648.39 Million |
|
SNT Dynamics Co Ltd
KO:003570
|
$647.76 Million |
|
Lindian Resources Ltd
AU:LIN
|
$647.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dogu Aras Enerji Yatirimlari AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,106,201,674 to 9,745,039,314, a change of 7,638,837,640 (362.7%).
- Net income of 5,229,722,388 contributed positively to equity growth.
- Other comprehensive income increased equity by 515,410,022.
- Other factors increased equity by 1,893,705,230.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL5.23 Billion | +53.67% |
| Other Comprehensive Income | TL515.41 Million | +5.29% |
| Other Changes | TL1.89 Billion | +19.43% |
| Total Change | TL- | 362.68% |
Book Value vs Market Value Analysis
This analysis compares Dogu Aras Enerji Yatirimlari AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.97x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 65.55x to 2.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL1.77 | TL115.80 | x |
| 2019-12-31 | TL3.09 | TL115.80 | x |
| 2020-12-31 | TL4.45 | TL115.80 | x |
| 2021-12-31 | TL5.59 | TL115.80 | x |
| 2022-12-31 | TL8.42 | TL115.80 | x |
| 2023-12-31 | TL38.98 | TL115.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dogu Aras Enerji Yatirimlari AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 53.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.27%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.69x
- Recent ROE (53.67%) is above the historical average (45.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 48.55% | 12.52% | 1.25x | 3.10x | TL170.23 Million |
| 2019 | 55.31% | 21.13% | 1.12x | 2.33x | TL350.50 Million |
| 2020 | 41.47% | 16.71% | 1.24x | 2.00x | TL350.41 Million |
| 2021 | 32.02% | 7.31% | 2.09x | 2.09x | TL308.02 Million |
| 2022 | 41.37% | 5.56% | 2.45x | 3.04x | TL660.72 Million |
| 2023 | 53.67% | 22.27% | 1.42x | 1.69x | TL4.26 Billion |
Industry Comparison
This section compares Dogu Aras Enerji Yatirimlari AS's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $10,450,959,495,901
- Average return on equity (ROE) among peers: -15.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dogu Aras Enerji Yatirimlari AS (ARASE) | TL12.70 Billion | 48.55% | 0.68x | $648.41 Million |
| Aksa Enerji Uretim AS (AKSEN) | $490.26 Million | -75.06% | 7.68x | $2.39 Billion |
| Can2 Termik AS (CANTE) | $22.54 Billion | -5.47% | 0.15x | $232.04 Million |
| Turcas Petrol AS (TRCAS) | $31.33 Trillion | 33.57% | 3.43x | $233.71 Million |
About Dogu Aras Enerji Yatirimlari AS
Dogu Aras Enerji Yatirimlari AS, through its subsidiaries, engages in the retail sale and distribution of electricity in Turkey. The company was founded in 2013 and is based in Erzurum, Turkey.