Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS) - Net Assets
Based on the latest financial reports, Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS) has net assets worth TL10.21 Billion TRY (≈ $228.79 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 (TL13.42 Billion ≈ $300.62 Million USD) and total liabilities (TL3.21 Billion ≈ $71.83 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 GOLTS financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL10.21 Billion |
| % of Total Assets | 76.11% |
| Annual Growth Rate | 19.3% |
| 5-Year Change | 2262.74% |
| 10-Year Change | 2450.67% |
| Growth Volatility | 116.15 |
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS - Net Assets Trend (2005–2024)
This chart illustrates how Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Also explore GOLTS total assets for the complete picture of this company's asset base.
Annual Net Assets for Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (2005–2024)
The table below shows the annual net assets of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS from 2005 to 2024. For live valuation and market cap data, see market cap of Goltas Goller Bolgesi Cimento Sanayi ve .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL8.03 Billion ≈ $179.84 Million |
+4.66% |
| 2023-12-31 | TL7.67 Billion ≈ $171.83 Million |
+502.34% |
| 2022-12-31 | TL1.27 Billion ≈ $28.53 Million |
+176.33% |
| 2021-12-31 | TL460.92 Million ≈ $10.32 Million |
+35.63% |
| 2020-12-31 | TL339.84 Million ≈ $7.61 Million |
+1.93% |
| 2019-12-31 | TL333.40 Million ≈ $7.47 Million |
+11.17% |
| 2018-12-31 | TL299.90 Million ≈ $6.72 Million |
-2.56% |
| 2017-12-31 | TL307.77 Million ≈ $6.89 Million |
+1.74% |
| 2016-12-31 | TL302.49 Million ≈ $6.78 Million |
-3.91% |
| 2015-12-31 | TL314.81 Million ≈ $7.05 Million |
-4.59% |
| 2014-12-31 | TL329.96 Million ≈ $7.39 Million |
+9.53% |
| 2013-12-31 | TL301.24 Million ≈ $6.75 Million |
-1.54% |
| 2012-12-31 | TL305.96 Million ≈ $6.85 Million |
+7.33% |
| 2011-12-31 | TL285.07 Million ≈ $6.38 Million |
-1.11% |
| 2010-12-31 | TL288.27 Million ≈ $6.46 Million |
+0.96% |
| 2009-12-31 | TL285.54 Million ≈ $6.40 Million |
+0.57% |
| 2008-12-31 | TL283.93 Million ≈ $6.36 Million |
+2.58% |
| 2007-12-31 | TL276.80 Million ≈ $6.20 Million |
-7.54% |
| 2006-12-31 | TL299.35 Million ≈ $6.70 Million |
+6.61% |
| 2005-12-31 | TL280.80 Million ≈ $6.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goltas Goller Bolgesi Cimento 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 6185.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.43 Billion | 71.23% |
| Other Components | TL2.19 Billion | 28.77% |
| Total Equity | TL7.62 Billion | 100.00% |
Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Byggmästare Anders J Ahlström Holding AB (publ)
ST:AJA-B
|
$149.77 Million |
|
Punjab Chemicals & Crop Protection Limited
NSE:PUNJABCHEM
|
$149.80 Million |
|
Bitcoin Group SE
XETRA:ADE
|
$149.80 Million |
|
Panatlântica S.A
SA:PATI3
|
$149.81 Million |
|
Sea Harvest Group Ltd
JSE:SHG
|
$149.75 Million |
|
Tri Ocean Textile Co Ltd
TW:1472
|
$149.66 Million |
|
Baran Group Ltd
TA:BRAN
|
$149.63 Million |
|
Woongjin Co Ltd
KO:016880
|
$149.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,256,351,529 to 7,622,337,660, a change of 365,986,131 (5.0%).
- Net income of 601,790,144 contributed positively to equity growth.
- Dividend payments of 248,986,400 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL601.79 Million | +7.9% |
| Dividends Paid | TL248.99 Million | -3.27% |
| Other Changes | TL13.18 Million | +0.17% |
| Total Change | TL- | 5.04% |
Book Value vs Market Value Analysis
This analysis compares Goltas Goller Bolgesi Cimento 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: 0.88x
- 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 23.06x to 0.88x 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 | TL16.11 | TL371.50 | x |
| 2018-12-31 | TL15.75 | TL371.50 | x |
| 2019-12-31 | TL16.99 | TL371.50 | x |
| 2020-12-31 | TL17.54 | TL371.50 | x |
| 2021-12-31 | TL26.27 | TL371.50 | x |
| 2022-12-31 | TL71.17 | TL371.50 | x |
| 2023-12-31 | TL403.13 | TL371.50 | x |
| 2024-12-31 | TL423.46 | TL371.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goltas Goller Bolgesi Cimento 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): 7.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.53%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.37x
- Recent ROE (7.90%) is below the historical average (9.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 16.51% | 27.04% | 0.44x | 1.39x | TL16.18 Million |
| 2006 | 15.63% | 26.36% | 0.46x | 1.30x | TL15.39 Million |
| 2008 | 4.71% | 7.12% | 0.50x | 1.32x | TL-13.59 Million |
| 2009 | 1.88% | 2.56% | 0.54x | 1.37x | TL-20.73 Million |
| 2010 | 1.81% | 2.51% | 0.43x | 1.67x | TL-21.00 Million |
| 2011 | 1.69% | 1.84% | 0.52x | 1.76x | TL-21.27 Million |
| 2012 | 6.76% | 6.23% | 0.61x | 1.77x | TL-8.67 Million |
| 2013 | 10.02% | 8.88% | 0.62x | 1.81x | TL57.40K |
| 2014 | 15.55% | 13.35% | 0.61x | 1.90x | TL16.77 Million |
| 2015 | 6.64% | 5.12% | 0.55x | 2.35x | TL-9.61 Million |
| 2016 | 3.17% | 2.72% | 0.46x | 2.56x | TL-18.90 Million |
| 2017 | 3.06% | 2.33% | 0.49x | 2.67x | TL-20.14 Million |
| 2018 | 0.90% | 0.46% | 0.66x | 2.94x | TL-25.80 Million |
| 2019 | 8.10% | 5.87% | 0.48x | 2.85x | TL-5.78 Million |
| 2020 | 3.81% | 1.81% | 0.64x | 3.27x | TL-19.53 Million |
| 2021 | -3.09% | -1.54% | 0.60x | 3.38x | TL-61.69 Million |
| 2022 | 45.98% | 20.74% | 0.96x | 2.30x | TL460.88 Million |
| 2023 | 32.28% | 30.27% | 0.76x | 1.41x | TL1.62 Billion |
| 2024 | 7.90% | 10.53% | 0.55x | 1.37x | TL-160.44 Million |
Industry Comparison
This section compares Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $5,425,216,796
- Average return on equity (ROE) among peers: 7.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS) | TL10.21 Billion | 16.51% | 0.31x | $149.77 Million |
| Afyon Cimento Sanayi TAS (AFYON) | $53.33 Million | 24.33% | 0.33x | $122.56 Million |
| Akcansa Cimento Sanayi ve Ticaret AS (AKCNS) | $1.20 Billion | 23.41% | 0.42x | $903.04 Million |
| Bastas Baskent Cimento Sanayi ve Ticaret AS (BASCM) | $452.30 Million | 9.22% | 0.44x | $204.44 Million |
| Bogazici Beton Sanayi ve Ticaret AS (BOBET) | $944.72 Million | 3.98% | 0.57x | $168.01 Million |
| Batisoke Soke Cimento Sanayi TAS (BSOKE) | $484.07 Million | -15.82% | 1.65x | $1.37 Billion |
| Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) | $17.71 Billion | 14.95% | 0.63x | $811.10 Million |
| Bursa Cimento Fabrikasi AS (BUCIM) | $319.93 Million | 3.75% | 0.47x | $209.98 Million |
| Cimsa Cimento Sanayi ve Ticaret AS (CIMSA) | $32.04 Billion | 8.39% | 1.11x | $1.24 Billion |
| Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS (CMBTN) | $24.38 Million | 0.00% | 1.25x | $69.02 Million |
| Cimentas Izmir Cimento Fabrikasi TAS (CMENT) | $1.03 Billion | 3.33% | 0.36x | $624.99 Million |
About Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS
Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S. produces and sells clinker, cement, and ready mixed concrete in Turkey. The company operates through two segments: Construction and Construction Materials, and Energy. It offers masonry, hydraulic, blended hydraulic, and Portland cement, and Portland cement clinkers. It also provides raw materials and semi-finished products, including gypsum, t… Read more