Arcelik AS (ARCLK) - Net Assets
Based on the latest financial reports, Arcelik AS (ARCLK) has net assets worth TL75.91 Billion TRY (≈ $1.70 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL543.53 Billion ≈ $12.17 Billion USD) and total liabilities (TL467.63 Billion ≈ $10.47 Billion 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 Arcelik AS liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL75.91 Billion |
| % of Total Assets | 13.97% |
| Annual Growth Rate | -29.69% |
| 5-Year Change | 260.51% |
| 10-Year Change | 1164.12% |
| Growth Volatility | 34.56 |
Arcelik AS - Net Assets Trend (2000–2025)
This chart illustrates how Arcelik AS's net assets have evolved over time, based on quarterly financial data. Also explore Arcelik AS asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Arcelik AS (2000–2025)
The table below shows the annual net assets of Arcelik AS from 2000 to 2025. For live valuation and market cap data, see Arcelik AS (ARCLK) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL75.91 Billion ≈ $1.70 Billion |
+1.12% |
| 2024-12-31 | TL75.06 Billion ≈ $1.68 Billion |
+26.02% |
| 2023-12-31 | TL59.56 Billion ≈ $1.33 Billion |
+119.74% |
| 2022-12-31 | TL27.11 Billion ≈ $607.10 Million |
+28.74% |
| 2021-12-31 | TL21.06 Billion ≈ $471.58 Million |
+50.14% |
| 2020-12-31 | TL14.02 Billion ≈ $314.10 Million |
+42.87% |
| 2019-12-31 | TL9.82 Billion ≈ $219.85 Million |
+19.43% |
| 2018-12-31 | TL8.22 Billion ≈ $184.09 Million |
+18.86% |
| 2017-12-31 | TL6.92 Billion ≈ $154.88 Million |
+15.16% |
| 2016-12-31 | TL6.00 Billion ≈ $134.49 Million |
+28.42% |
| 2015-12-31 | TL4.68 Billion ≈ $104.73 Million |
+6.30% |
| 2014-12-31 | TL4.40 Billion ≈ $98.52 Million |
+6.28% |
| 2013-12-31 | TL4.14 Billion ≈ $92.70 Million |
+5.39% |
| 2012-12-31 | TL3.93 Billion ≈ $87.96 Million |
+7.55% |
| 2011-12-31 | TL3.65 Billion ≈ $81.79 Million |
+7.16% |
| 2010-12-31 | TL3.41 Billion ≈ $76.32 Million |
+24.21% |
| 2009-12-31 | TL2.74 Billion ≈ $61.45 Million |
+37.08% |
| 2008-12-31 | TL2.00 Billion ≈ $44.82 Million |
-6.73% |
| 2007-12-31 | TL2.15 Billion ≈ $48.06 Million |
+0.43% |
| 2006-12-31 | TL2.14 Billion ≈ $47.85 Million |
+6.35% |
| 2005-12-31 | TL2.01 Billion ≈ $44.99 Million |
+17.71% |
| 2004-12-31 | TL1.71 Billion ≈ $38.23 Million |
-100.00% |
| 2003-12-31 | TL1243.99 Trillion ≈ $27.86 Trillion |
+20.46% |
| 2002-12-31 | TL1032.68 Trillion ≈ $23.13 Trillion |
+41.19% |
| 2001-12-31 | TL731.39 Trillion ≈ $16.38 Trillion |
+44.32% |
| 2000-12-31 | TL506.77 Trillion ≈ $11.35 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to Arcelik 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL58.72 Billion | 83.43% |
| Other Components | TL11.67 Billion | 16.57% |
| Total Equity | TL70.39 Billion | 100.00% |
Arcelik AS Competitors by Market Cap
The table below lists competitors of Arcelik AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kohl's Corporation
NYSE:KSS
|
$1.64 Billion |
|
Zhejiang Huazheng New Material
SHG:603186
|
$1.65 Billion |
|
Cellcom Israel Ltd
TA:CEL
|
$1.65 Billion |
|
JHSF Participações S.A.
SA:JHSF3
|
$1.65 Billion |
|
Friedrich Vorwerk Group SE
F:VH2
|
$1.64 Billion |
|
Makalot Industrial Co Ltd
TW:1477
|
$1.64 Billion |
|
PG Electroplast Limited
NSE:PGEL
|
$1.64 Billion |
|
Grupo Televisa SAB ADR
NYSE:TV
|
$1.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Arcelik AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 67,170,822,000 to 70,390,640,000, a change of 3,219,818,000 (4.8%).
- Net loss of 8,355,688,000 reduced equity.
- Dividend payments of 1,019,947,000 reduced retained earnings.
- Other factors increased equity by 12,595,453,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-8.36 Billion | -11.87% |
| Dividends Paid | TL1.02 Billion | -1.45% |
| Other Changes | TL12.60 Billion | +17.89% |
| Total Change | TL- | 4.79% |
Book Value vs Market Value Analysis
This analysis compares Arcelik 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: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 10.99x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL10.18 | TL111.90 | x |
| 2018-12-31 | TL12.11 | TL111.90 | x |
| 2019-12-31 | TL14.29 | TL111.90 | x |
| 2020-12-31 | TL20.45 | TL111.90 | x |
| 2021-12-31 | TL28.69 | TL111.90 | x |
| 2022-12-31 | TL40.29 | TL111.90 | x |
| 2023-12-31 | TL87.62 | TL111.90 | x |
| 2024-12-31 | TL110.69 | TL111.90 | x |
| 2025-12-31 | TL115.74 | TL111.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Arcelik 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): -11.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.59%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 7.72x
- Recent ROE (-11.87%) is below the historical average (13.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.68% | 4.91% | 1.06x | 1.67x | TL-6.65 Trillion |
| 2002 | 6.08% | 2.31% | 1.25x | 2.11x | TL-39.76 Trillion |
| 2003 | 12.39% | 4.55% | 1.30x | 2.10x | TL29.26 Trillion |
| 2004 | 17.40% | 5.98% | 1.41x | 2.07x | TL124.74 Million |
| 2005 | 15.71% | 6.12% | 1.24x | 2.07x | TL113.45 Million |
| 2006 | 15.41% | 4.66% | 1.09x | 3.03x | TL113.78 Million |
| 2007 | 7.45% | 2.38% | 1.01x | 3.08x | TL-53.98 Million |
| 2008 | 2.05% | 0.59% | 0.98x | 3.58x | TL-154.01 Million |
| 2009 | 17.98% | 7.36% | 1.03x | 2.38x | TL215.40 Million |
| 2010 | 15.47% | 7.45% | 0.95x | 2.19x | TL182.94 Million |
| 2011 | 14.29% | 6.00% | 0.92x | 2.59x | TL151.95 Million |
| 2012 | 13.66% | 4.97% | 1.03x | 2.66x | TL140.60 Million |
| 2013 | 14.71% | 5.39% | 0.97x | 2.81x | TL191.56 Million |
| 2014 | 14.17% | 4.93% | 1.01x | 2.85x | TL181.52 Million |
| 2015 | 19.14% | 6.29% | 1.03x | 2.95x | TL425.44 Million |
| 2016 | 21.75% | 8.08% | 0.95x | 2.83x | TL702.12 Million |
| 2017 | 12.25% | 4.04% | 1.02x | 2.97x | TL154.85 Million |
| 2018 | 10.41% | 3.17% | 0.95x | 3.47x | TL33.42 Million |
| 2019 | 9.58% | 2.90% | 0.92x | 3.60x | TL-41.00 Million |
| 2020 | 20.61% | 6.97% | 0.88x | 3.37x | TL1.47 Billion |
| 2021 | 15.81% | 4.49% | 0.80x | 4.39x | TL1.13 Billion |
| 2022 | 17.34% | 3.23% | 1.01x | 5.30x | TL1.83 Billion |
| 2023 | 36.69% | 5.25% | 1.44x | 4.85x | TL14.19 Billion |
| 2024 | 3.29% | 0.39% | 1.41x | 5.92x | TL-4.51 Billion |
| 2025 | -11.87% | -1.59% | 0.96x | 7.72x | TL-15.39 Billion |
Industry Comparison
This section compares Arcelik AS's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $153,676,471
- Average return on equity (ROE) among peers: -0.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Arcelik AS (ARCLK) | TL75.91 Billion | 8.68% | 6.16x | $1.64 Billion |
| Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS (DGNMO) | $-3.69 Million | 0.00% | 0.00x | $70.25 Million |
| Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) | $58.14 Million | -31.55% | 1.56x | $66.29 Million |
| Gentas Genel Metal Sanayi ve Ticaret AS (GENTS) | $483.55 Million | 22.16% | 0.77x | $133.38 Million |
| Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS (IHEVA) | $191.30 Million | 5.92% | 0.28x | $17.90 Million |
| Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS (INTEM) | $15.59 Million | 1.37% | 8.84x | $123.83 Million |
| Isbir Holding AS (ISBIR) | $101.03 Million | 0.00% | 2.78x | $62.89 Million |
| Koleksiyon Mobilya Sanayi AS (KLSYN) | $374.91 Million | 0.03% | 1.19x | $129.09 Million |
| Kutahya Porselen Sanayi AS (KUTPO) | $112.39 Million | 0.00% | 0.19x | $87.08 Million |
| Silverline Endustri ve Ticaret AS (SILVR) | $49.87 Million | -4.02% | 1.84x | $19.99 Million |
About Arcelik AS
Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, after sales services, imports, and exports consumer durable goods and electronics in Turkey, Europe, the Asia Pacific, Africa, and internationally. It operates through White Goods, Consumer Electronics, and Other segments. It offers refrigerators, freezers, washing machines, dryers, dishwashers, ovens, microwave ove… Read more