Akin Tekstil AS

IS:ATEKS Turkey Textile Manufacturing
Market Cap
$85.06 Million
TL3.02 Billion TRY
Market Cap Rank
#28461 Global
#485 in Turkey
Share Price
TL119.70
Change (1 day)
+9.92%
52-Week Range
TL71.50 - TL192.00
All Time High
TL208.40
Categories
Companies in Turkey Textile Manufacturing
About

Akin Tekstil Anonim Sirketi manufactures and sells fabric, yarn, and apparel products in Turkey and internationally. The company offers cotton and blend, wool, real indigo, corduroy, linen, garment dye, and yarn dyed fabrics; men's and women's trousers and bermudas; and women's shirts, dresses, skirts, blouses, and other products. It exports its products. Akin Tekstil Anonim Sirketi was founded i… Read more

Akin Tekstil AS (ATEKS) - Net Assets

Latest net assets as of December 2024: TL3.28 Billion TRY

Based on the latest financial reports, Akin Tekstil AS (ATEKS) has net assets worth TL3.28 Billion TRY as of December 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL4.99 Billion) and total liabilities (TL1.71 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets TL3.28 Billion
% of Total Assets 65.69%
Annual Growth Rate 18.73%
5-Year Change 519.72%
10-Year Change 817.81%
Growth Volatility 41.41

Akin Tekstil AS - Net Assets Trend (2005–2024)

This chart illustrates how Akin Tekstil AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Akin Tekstil AS (2005–2024)

The table below shows the annual net assets of Akin Tekstil AS from 2005 to 2024.

Year Net Assets Change
2024-12-31 TL3.28 Billion -0.56%
2023-12-31 TL3.29 Billion +153.22%
2022-12-31 TL1.30 Billion +61.41%
2021-12-31 TL806.18 Million +52.48%
2020-12-31 TL528.71 Million +11.92%
2019-12-31 TL472.41 Million +4.26%
2018-12-31 TL453.10 Million +5.96%
2017-12-31 TL427.62 Million +6.81%
2016-12-31 TL400.37 Million +12.15%
2015-12-31 TL356.99 Million +27.61%
2014-12-31 TL279.76 Million +50.08%
2013-12-31 TL186.41 Million -5.50%
2012-12-31 TL197.26 Million +3.04%
2011-12-31 TL191.44 Million +0.50%
2010-12-31 TL190.49 Million +90.63%
2009-12-31 TL99.93 Million -1.37%
2008-12-31 TL101.31 Million -19.09%
2006-12-31 TL125.22 Million -0.27%
2005-12-31 TL125.56 Million --

Equity Component Analysis

This analysis shows how different components contribute to Akin Tekstil 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 14760.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings TL1.48 Billion 45.06%
Other Components TL1.80 Billion 54.94%
Total Equity TL3.28 Billion 100.00%

Akin Tekstil AS Competitors by Market Cap

The table below lists competitors of Akin Tekstil AS ranked by their market capitalization.

Company Market Cap
EBANG INTL HLDGS (NEW) A
F:7EBA
 		$10.14 Million
HYTN INNOVATIONS INC.
F:85W0
 		$10.14 Million
Orefinders Resources Inc
OTCQB:ORFDF
 		$10.14 Million
VIRGIN WINES UK LS -01
F:3RW
 		$10.14 Million
Agripure Holdings Public Company Limited
BK:APURE
 		$10.13 Million
Kavango Resources Plc
PINK:KVGOF
 		$10.13 Million
Cocrystal Pharma Inc
NASDAQ:COCP
 		$10.12 Million
Hanoi Plastics JSC
VN:NHH
 		$10.12 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Akin Tekstil AS's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,294,235,810 to 3,276,206,953, a change of -18,028,857 (-0.5%).
  • Net loss of 114,287,832 reduced equity.
  • Other factors increased equity by 96,258,975.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income TL-114.29 Million -3.49%
Other Changes TL96.26 Million +2.94%
Total Change TL- -0.55%

Book Value vs Market Value Analysis

This analysis compares Akin Tekstil 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: 0.92x
  • 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 7.05x to 0.92x 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 TL16.97 TL119.70 x
2018-12-31 TL17.99 TL119.70 x
2019-12-31 TL18.76 TL119.70 x
2020-12-31 TL20.98 TL119.70 x
2021-12-31 TL32.00 TL119.70 x
2022-12-31 TL51.64 TL119.70 x
2023-12-31 TL130.72 TL119.70 x
2024-12-31 TL130.01 TL119.70 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Akin Tekstil 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): -3.49%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.98%
  • • Asset Turnover: 0.38x
  • • Equity Multiplier: 1.52x
  • Recent ROE (-3.49%) is below the historical average (7.56%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 0.22% 0.25% 0.67x 1.30x TL-18.74 Million
2012 3.04% 5.02% 0.47x 1.28x TL-13.80 Million
2014 33.17% 72.86% 0.38x 1.19x TL65.17 Million
2015 21.47% 51.56% 0.35x 1.17x TL41.11 Million
2016 1.41% 3.22% 0.38x 1.17x TL-34.38 Million
2017 1.65% 3.21% 0.39x 1.32x TL-35.73 Million
2018 3.33% 4.05% 0.57x 1.45x TL-30.23 Million
2019 2.56% 2.84% 0.58x 1.55x TL-35.16 Million
2020 7.46% 12.95% 0.39x 1.47x TL-13.43 Million
2021 16.56% 31.34% 0.35x 1.50x TL52.93 Million
2022 14.97% 19.61% 0.44x 1.75x TL64.63 Million
2023 -4.05% -5.39% 0.46x 1.64x TL-462.71 Million
2024 -3.49% -5.98% 0.38x 1.52x TL-441.91 Million

Industry Comparison

This section compares Akin Tekstil AS's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

  • Industry: Textile Manufacturing
  • Average net assets among peers: $777,793,550
  • Average return on equity (ROE) among peers: 12.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Akin Tekstil AS (ATEKS) TL3.28 Billion 0.22% 0.52x $10.13 Million
Aksa Akrilik Kimya Sanayi AS (AKSA) $5.74 Billion 59.61% 0.99x $1.12 Billion
Artemis Hali As (ARTMS) $272.08 Million 26.83% 1.43x $12.92 Million
Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) $16.16 Million 0.00% 0.30x $38.50 Million
Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) $678.16 Million 48.24% 1.72x $18.55 Million
Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) $59.69 Million 0.00% 1.13x $48.61 Million
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) $34.61 Million -25.17% 2.08x $7.62 Million
Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) $15.05 Million 0.24% 0.51x $7.36 Million
Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) $55.50 Million 3.13% 1.78x $204.53 Million
Hateks Hatay Tekstil Isletmeleri AS (HATEK) $128.56 Million 0.26% 0.32x $17.36 Million