Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) - Net Assets
Based on the latest financial reports, Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) has net assets worth TL-771.23K TRY (≈ $-17.27K USD) as of December 2019. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL12.97 Million ≈ $290.45K USD) and total liabilities (TL13.74 Million ≈ $307.73K 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. Explore DIRIT cash generation efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL-771.23K |
| % of Total Assets | -5.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | -105.71% |
| 10-Year Change | N/A |
| Growth Volatility | 63.77 |
Diriteks Dirilis Tekstil Sanayi ve Ticaret AS - Net Assets Trend (2011–2019)
This chart illustrates how Diriteks Dirilis Tekstil Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Explore DIRIT long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (2011–2019)
The table below shows the annual net assets of Diriteks Dirilis Tekstil Sanayi ve Ticaret AS from 2011 to 2019. For live valuation and market cap data, see DIRIT company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2019-12-31 | TL-771.23K ≈ $-17.27K |
-110.69% |
| 2018-12-31 | TL7.21 Million ≈ $161.58K |
-46.06% |
| 2017-12-31 | TL13.37 Million ≈ $299.54K |
+53.85% |
| 2016-12-31 | TL8.69 Million ≈ $194.69K |
-35.61% |
| 2015-12-31 | TL13.50 Million ≈ $302.38K |
+12.42% |
| 2014-12-31 | TL12.01 Million ≈ $268.97K |
-7.19% |
| 2013-12-31 | TL12.94 Million ≈ $289.80K |
-14.04% |
| 2012-12-31 | TL15.05 Million ≈ $337.13K |
+117.08% |
| 2011-12-31 | TL6.93 Million ≈ $155.30K |
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Equity Component Analysis
This analysis shows how different components contribute to Diriteks Dirilis Tekstil 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 decreased by 2291292200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2019)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | TL10.65 Million | % |
| Other Components | TL11.49 Million | % |
| Total Equity | TL-774.67K | 100.00% |
Diriteks Dirilis Tekstil Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Diriteks Dirilis Tekstil Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
1CM INC.
F:IQ70
|
$6.30 Million |
|
HLT Global Bhd
KLSE:0188
|
$6.30 Million |
|
Fab-Form Industries Ltd.
V:FBF
|
$6.30 Million |
|
Hays plc
LSE:HAS
|
$6.31 Million |
|
Ecoslops SA
PA:ALESA
|
$6.30 Million |
|
GIGLIO.COM S.P.A. O.N.
F:5JR0
|
$6.29 Million |
|
Golden Deeps Ltd
AU:GED
|
$6.29 Million |
|
Wildsky Resources Inc
V:WSK
|
$6.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Diriteks Dirilis Tekstil Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2019, total equity changed from 5,916,733 to -774,675, a change of -6,691,408 (-113.1%).
- Net loss of 6,730,602 reduced equity.
- Dividend payments of 2,985,260 reduced retained earnings.
- Other factors increased equity by 3,024,454.
Equity Change Factors (2018 to 2019)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-6.73 Million | -868.83% |
| Dividends Paid | TL2.99 Million | -385.36% |
| Other Changes | TL3.02 Million | +390.42% |
| Total Change | TL- | -113.09% |
Book Value vs Market Value Analysis
This analysis compares Diriteks Dirilis Tekstil 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: 47.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 25.39x to 47.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL1.04 | TL26.40 | x |
| 2018-12-31 | TL0.56 | TL26.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Diriteks Dirilis Tekstil 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -436.02%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-30.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.27% | 0.40% | 0.40x | 1.73x | TL-1.28 Million |
| 2014 | -16.41% | -23.18% | 0.30x | 2.33x | TL-2.63 Million |
| 2015 | -24.65% | -74.13% | 0.15x | 2.29x | TL-3.88 Million |
| 2016 | -70.72% | -68.60% | 0.30x | 3.46x | TL-5.38 Million |
| 2017 | -12.54% | -21.84% | 0.25x | 2.29x | TL-2.50 Million |
| 2018 | -87.52% | -102.87% | 0.23x | 3.77x | TL-5.77 Million |
| 2019 | 0.00% | -436.02% | 0.12x | 0.00x | TL-6.65 Million |
Industry Comparison
This section compares Diriteks Dirilis Tekstil Sanayi ve Ticaret AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $9,254,376,543,798
- Average return on equity (ROE) among peers: 8.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | TL-771.23K | 0.27% | N/A | $6.30 Million |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $83.28 Trillion | 22.67% | 0.71x | $906.69 Million |
| Artemis Hali As (ARTMS) | $107.90 Million | 21.21% | 2.06x | $67.79 Million |
| Akin Tekstil AS (ATEKS) | $3.29 Billion | -4.05% | 0.64x | $55.14 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $17.39 Million | 0.00% | 0.32x | $78.66 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $7.15 Billion | 23.18% | 0.52x | $177.90 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $85.88 Million | -2.86% | 0.80x | $34.65 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $20.38 Million | 0.00% | 0.75x | $11.99 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $63.01 Million | 12.22% | 1.50x | $121.84 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $23.55 Million | 0.00% | 1.24x | $22.94 Million |
About Diriteks Dirilis Tekstil Sanayi ve Ticaret AS
Diriteks Dirilis Tekstil Sanayi ve Ticaret A.S., together with its subsidiaries, produces and sells blankets and non-slip carpets in Turkey. Its produces include single, double, and baby blankets. The company is also involved in provision of marketing services; and manufacture of yarn used in blanket and carpet production. Diriteks Dirilis Tekstil Sanayi ve Ticaret A.S. was incorporated in 1996 a… Read more