Akin Tekstil AS (ATEKS) - Net Assets
Based on the latest financial reports, Akin Tekstil AS (ATEKS) has net assets worth TL3.28 Billion TRY (≈ $73.39 Million USD) 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 ≈ $111.71 Million USD) and total liabilities (TL1.71 Billion ≈ $38.32 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 tangible equity quality of Akin Tekstil AS to evaluate the tangible quality of the company's equity base.
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. See operational self-sufficiency of Akin Tekstil AS to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Akin Tekstil AS (ATEKS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.28 Billion ≈ $73.39 Million |
-0.56% |
| 2023-12-31 | TL3.29 Billion ≈ $73.80 Million |
+153.22% |
| 2022-12-31 | TL1.30 Billion ≈ $29.14 Million |
+61.41% |
| 2021-12-31 | TL806.18 Million ≈ $18.06 Million |
+52.48% |
| 2020-12-31 | TL528.71 Million ≈ $11.84 Million |
+11.92% |
| 2019-12-31 | TL472.41 Million ≈ $10.58 Million |
+4.26% |
| 2018-12-31 | TL453.10 Million ≈ $10.15 Million |
+5.96% |
| 2017-12-31 | TL427.62 Million ≈ $9.58 Million |
+6.81% |
| 2016-12-31 | TL400.37 Million ≈ $8.97 Million |
+12.15% |
| 2015-12-31 | TL356.99 Million ≈ $8.00 Million |
+27.61% |
| 2014-12-31 | TL279.76 Million ≈ $6.27 Million |
+50.08% |
| 2013-12-31 | TL186.41 Million ≈ $4.18 Million |
-5.50% |
| 2012-12-31 | TL197.26 Million ≈ $4.42 Million |
+3.04% |
| 2011-12-31 | TL191.44 Million ≈ $4.29 Million |
+0.50% |
| 2010-12-31 | TL190.49 Million ≈ $4.27 Million |
+90.63% |
| 2009-12-31 | TL99.93 Million ≈ $2.24 Million |
-1.37% |
| 2008-12-31 | TL101.31 Million ≈ $2.27 Million |
-19.09% |
| 2006-12-31 | TL125.22 Million ≈ $2.80 Million |
-0.27% |
| 2005-12-31 | TL125.56 Million ≈ $2.81 Million |
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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 |
|---|---|
|
Chang Ho Fibre Corp
TW:1468
|
$60.90 Million |
|
Uniflex Technology Inc
TW:3321
|
$60.91 Million |
|
NextNRG Inc.
NASDAQ:NXXT
|
$60.91 Million |
|
Westlin Corporation
NASDAQ:WSTN
|
$60.91 Million |
|
An-Shin Food Services Co Ltd
TWO:1259
|
$60.82 Million |
|
Passus S.A.
WAR:PAS
|
$60.77 Million |
|
Young Bag Micro Motors Co Ltd
KQ:193250
|
$60.72 Million |
|
Halmont Properties Corporation
V:HMT
|
$60.72 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: 0.83x
- 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 6.35x to 0.83x 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 | TL107.80 | x |
| 2018-12-31 | TL17.99 | TL107.80 | x |
| 2019-12-31 | TL18.76 | TL107.80 | x |
| 2020-12-31 | TL20.98 | TL107.80 | x |
| 2021-12-31 | TL32.00 | TL107.80 | x |
| 2022-12-31 | TL51.64 | TL107.80 | x |
| 2023-12-31 | TL130.72 | TL107.80 | x |
| 2024-12-31 | TL130.01 | TL107.80 | 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: $331,152,039
- Average return on equity (ROE) among peers: 1.72%
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 | $60.84 Million |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $1.25 Billion | 15.98% | 0.81x | $1.05 Billion |
| Artemis Hali As (ARTMS) | $169.77 Million | 10.15% | 1.66x | $62.96 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $187.27 Million | 14.03% | 0.58x | $56.44 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $299.82 Million | 6.28% | 0.31x | $185.82 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $98.15 Million | -13.77% | 1.66x | $47.41 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $18.42 Million | 0.00% | 1.17x | $11.17 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $8.69 Million | -54.20% | 1.65x | $5.91 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $718.15 Million | 28.72% | 0.53x | $115.98 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $231.50 Million | 8.28% | 0.52x | $22.77 Million |
About Akin Tekstil AS
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