Desa Deri Sanayi ve Ticaret AS (DESA) - Net Assets
Based on the latest financial reports, Desa Deri Sanayi ve Ticaret AS (DESA) has net assets worth TL3.70 Billion TRY (≈ $82.90 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL5.28 Billion ≈ $118.16 Million USD) and total liabilities (TL1.57 Billion ≈ $35.27 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 Desa Deri Sanayi ve Ticaret AS liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL3.70 Billion |
| % of Total Assets | 70.15% |
| Annual Growth Rate | 21.8% |
| 5-Year Change | 2732.21% |
| 10-Year Change | 4115.93% |
| Growth Volatility | 79.59 |
Desa Deri Sanayi ve Ticaret AS - Net Assets Trend (2005–2024)
This chart illustrates how Desa Deri Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Also explore Desa Deri Sanayi ve Ticaret AS asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Desa Deri Sanayi ve Ticaret AS (2005–2024)
The table below shows the annual net assets of Desa Deri Sanayi ve Ticaret AS from 2005 to 2024. For live valuation and market cap data, see Desa Deri Sanayi ve Ticaret AS market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.68 Billion ≈ $60.00 Million |
+14.26% |
| 2023-12-31 | TL2.34 Billion ≈ $52.51 Million |
+308.41% |
| 2022-12-31 | TL574.06 Million ≈ $12.86 Million |
+176.06% |
| 2021-12-31 | TL207.95 Million ≈ $4.66 Million |
+119.86% |
| 2020-12-31 | TL94.58 Million ≈ $2.12 Million |
+0.91% |
| 2019-12-31 | TL93.73 Million ≈ $2.10 Million |
+24.15% |
| 2018-12-31 | TL75.49 Million ≈ $1.69 Million |
+7.98% |
| 2017-12-31 | TL69.92 Million ≈ $1.57 Million |
+40.73% |
| 2016-12-31 | TL49.68 Million ≈ $1.11 Million |
-21.81% |
| 2015-12-31 | TL63.54 Million ≈ $1.42 Million |
-6.70% |
| 2014-12-31 | TL68.10 Million ≈ $1.53 Million |
+7.05% |
| 2013-12-31 | TL63.62 Million ≈ $1.42 Million |
-9.39% |
| 2012-12-31 | TL70.21 Million ≈ $1.57 Million |
+21.02% |
| 2011-12-31 | TL58.02 Million ≈ $1.30 Million |
+2.23% |
| 2010-12-31 | TL56.75 Million ≈ $1.27 Million |
+0.97% |
| 2009-12-31 | TL56.21 Million ≈ $1.26 Million |
-9.66% |
| 2008-12-31 | TL62.22 Million ≈ $1.39 Million |
-5.18% |
| 2007-12-31 | TL65.61 Million ≈ $1.47 Million |
+9.97% |
| 2006-12-31 | TL59.66 Million ≈ $1.34 Million |
-5.61% |
| 2005-12-31 | TL63.21 Million ≈ $1.42 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Desa Deri Sanayi ve Ticaret 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 6366.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL835.65 Million | 31.19% |
| Other Components | TL1.84 Billion | 68.81% |
| Total Equity | TL2.68 Billion | 100.00% |
Desa Deri Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Desa Deri Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tucows Inc.
TO:TC
|
$165.07 Million |
|
centrotherm international AG
F:CTNK
|
$165.07 Million |
|
Orthocell Ltd
AU:OCC
|
$165.09 Million |
|
Teladan Setia Group Bhd
KLSE:0230
|
$165.23 Million |
|
CVC Ltd
AU:CVC
|
$165.06 Million |
|
PHX Minerals Inc
NYSE:PHX
|
$164.96 Million |
|
Thai Rayon Public Company Limited
BK:TR
|
$164.95 Million |
|
KT Hitel Corporation. Limited
KQ:036030
|
$164.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Desa Deri Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,344,550,135 to 2,678,821,316, a change of 334,271,181 (14.3%).
- Net income of 327,726,027 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL327.73 Million | +12.23% |
| Other Changes | TL6.55 Million | +0.24% |
| Total Change | TL- | 14.26% |
Book Value vs Market Value Analysis
This analysis compares Desa Deri Sanayi ve Ticaret 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: 2.75x
- 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 10.59x to 2.75x 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 | TL1.42 | TL15.04 | x |
| 2018-12-31 | TL1.53 | TL15.04 | x |
| 2019-12-31 | TL1.90 | TL15.04 | x |
| 2020-12-31 | TL1.92 | TL15.04 | x |
| 2021-12-31 | TL4.22 | TL15.04 | x |
| 2022-12-31 | TL11.66 | TL15.04 | x |
| 2023-12-31 | TL4.78 | TL15.04 | x |
| 2024-12-31 | TL5.47 | TL15.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Desa Deri Sanayi ve Ticaret 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): 12.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.00%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.50x
- Recent ROE (12.23%) is above the historical average (8.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.09% | 7.71% | 0.86x | 1.37x | TL-577.70K |
| 2006 | 4.97% | 3.58% | 0.89x | 1.57x | TL-3.00 Million |
| 2007 | 9.89% | 6.26% | 1.10x | 1.43x | TL-71.10K |
| 2010 | 0.97% | 0.43% | 1.11x | 2.02x | TL-5.13 Million |
| 2011 | 2.18% | 0.72% | 1.35x | 2.23x | TL-4.54 Million |
| 2012 | 4.03% | 1.56% | 1.26x | 2.05x | TL-4.19 Million |
| 2014 | 6.99% | 2.25% | 1.23x | 2.52x | TL-2.05 Million |
| 2015 | -6.45% | -2.08% | 1.12x | 2.77x | TL-10.45 Million |
| 2016 | -26.77% | -8.78% | 0.79x | 3.86x | TL-18.27 Million |
| 2017 | -0.27% | -0.09% | 0.82x | 3.61x | TL-7.18 Million |
| 2018 | 11.10% | 2.41% | 1.24x | 3.70x | TL829.28K |
| 2019 | 19.46% | 4.26% | 1.16x | 3.94x | TL8.87 Million |
| 2020 | 1.74% | 0.71% | 0.66x | 3.74x | TL-7.81 Million |
| 2021 | 22.29% | 10.72% | 0.68x | 3.06x | TL25.56 Million |
| 2022 | 50.06% | 21.15% | 1.06x | 2.23x | TL229.99 Million |
| 2023 | 30.55% | 20.25% | 0.95x | 1.59x | TL481.72 Million |
| 2024 | 12.23% | 11.00% | 0.74x | 1.50x | TL59.84 Million |
Industry Comparison
This section compares Desa Deri Sanayi ve Ticaret AS's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $7,555,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Desa Deri Sanayi ve Ticaret AS (DESA) | TL3.70 Billion | 9.09% | 0.43x | $165.06 Million |
| Derimod Konfeksiyon Ayakkabi Deri Sanayi ve Ticaret AS (DERIM) | $7.55 Million | 0.00% | 1.08x | $46.56 Million |
About Desa Deri Sanayi ve Ticaret AS
Desa Deri Sanayi ve Ticaret A.S. manufactures and sells leather and leather products in Turkey. It offers leather jackets, clothing, shoes, bags and accessories, backpacks, suitcases, and other leather accessories for men and women. The company markets and sells its products through wholesale and retail sales channels, as well as through online store. It also exports its products. The company was… Read more