Goodyear Lastikleri TAS (GOODY) - Net Assets
Based on the latest financial reports, Goodyear Lastikleri TAS (GOODY) has net assets worth TL3.07 Billion TRY (≈ $68.67 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 (TL15.39 Billion ≈ $344.69 Million USD) and total liabilities (TL12.32 Billion ≈ $276.02 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 GOODY tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL3.07 Billion |
| % of Total Assets | 19.92% |
| Annual Growth Rate | -30.02% |
| 5-Year Change | 252.56% |
| 10-Year Change | 680.31% |
| Growth Volatility | 195.13 |
Goodyear Lastikleri TAS - Net Assets Trend (2000–2024)
This chart illustrates how Goodyear Lastikleri TAS's net assets have evolved over time, based on quarterly financial data. See how many days can Goodyear Lastikleri TAS fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Goodyear Lastikleri TAS (2000–2024)
The table below shows the annual net assets of Goodyear Lastikleri TAS from 2000 to 2024. For live valuation and market cap data, see market value of Goodyear Lastikleri TAS.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.71 Billion ≈ $83.08 Million |
+24.60% |
| 2023-12-31 | TL2.98 Billion ≈ $66.68 Million |
+97.61% |
| 2022-12-31 | TL1.51 Billion ≈ $33.74 Million |
+14.36% |
| 2021-12-31 | TL1.32 Billion ≈ $29.51 Million |
+25.21% |
| 2020-12-31 | TL1.05 Billion ≈ $23.56 Million |
+16.80% |
| 2019-12-31 | TL900.82 Million ≈ $20.18 Million |
+37.34% |
| 2018-12-31 | TL655.88 Million ≈ $14.69 Million |
+19.56% |
| 2017-12-31 | TL548.56 Million ≈ $12.29 Million |
+20.42% |
| 2016-12-31 | TL455.54 Million ≈ $10.20 Million |
-4.17% |
| 2015-12-31 | TL475.37 Million ≈ $10.65 Million |
+15.10% |
| 2014-12-31 | TL413.02 Million ≈ $9.25 Million |
-3.58% |
| 2013-12-31 | TL428.33 Million ≈ $9.59 Million |
+15.92% |
| 2012-12-31 | TL369.50 Million ≈ $8.28 Million |
+11.21% |
| 2011-12-31 | TL332.24 Million ≈ $7.44 Million |
+21.52% |
| 2010-12-31 | TL273.40 Million ≈ $6.12 Million |
+5.31% |
| 2009-12-31 | TL259.61 Million ≈ $5.81 Million |
-1.57% |
| 2008-12-31 | TL263.75 Million ≈ $5.91 Million |
+3.01% |
| 2007-12-31 | TL256.04 Million ≈ $5.73 Million |
+6.18% |
| 2006-12-31 | TL241.13 Million ≈ $5.40 Million |
+12.89% |
| 2005-12-31 | TL213.59 Million ≈ $4.78 Million |
-12.07% |
| 2004-12-31 | TL242.91 Million ≈ $5.44 Million |
-100.00% |
| 2003-12-31 | TL205.06 Trillion ≈ $4.59 Trillion |
+954.63% |
| 2001-12-31 | TL19.44 Trillion ≈ $435.49 Billion |
-0.32% |
| 2000-12-31 | TL19.51 Trillion ≈ $436.88 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Goodyear Lastikleri TAS'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 457003300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL3.71 Billion | 100.12% |
| Total Equity | TL3.71 Billion | 100.00% |
Goodyear Lastikleri TAS Competitors by Market Cap
The table below lists competitors of Goodyear Lastikleri TAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adese Gayrimenkul Yatirim AS
IS:ADESE
|
$114.01 Million |
|
Kapston Services Limited
NSE:KAPSTON
|
$114.07 Million |
|
T.A.C. Consumer Public Company Limited
BK:TACC
|
$114.08 Million |
|
Komelon Corporation
KQ:049430
|
$114.10 Million |
|
Procaps Group SA
NASDAQ:PROC
|
$113.95 Million |
|
Bajaj Healthcare Limited
NSE:BAJAJHCARE
|
$113.93 Million |
|
Yunsung F&C Co. Ltd.
KQ:372170
|
$113.82 Million |
|
M.C.S. Steel Public Company Limited
BK:MCS
|
$113.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goodyear Lastikleri TAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,977,020,131 to 3,709,364,421, a change of 732,344,290 (24.6%).
- Net loss of 878,443,554 reduced equity.
- Other factors increased equity by 1,610,787,844.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-878.44 Million | -23.68% |
| Other Changes | TL1.61 Billion | +43.42% |
| Total Change | TL- | 24.60% |
Book Value vs Market Value Analysis
This analysis compares Goodyear Lastikleri TAS'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: 1.37x
- 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 9.28x to 1.37x 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 | TL2.03 | TL18.85 | x |
| 2018-12-31 | TL2.43 | TL18.85 | x |
| 2019-12-31 | TL3.34 | TL18.85 | x |
| 2020-12-31 | TL3.90 | TL18.85 | x |
| 2021-12-31 | TL4.88 | TL18.85 | x |
| 2022-12-31 | TL5.58 | TL18.85 | x |
| 2023-12-31 | TL11.03 | TL18.85 | x |
| 2024-12-31 | TL13.74 | TL18.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goodyear Lastikleri TAS 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): -23.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.10%
- • Asset Turnover: 1.65x
- • Equity Multiplier: 3.50x
- Recent ROE (-23.68%) is below the historical average (9.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 3.77% | 1.68% | 1.32x | 1.70x | TL-12.78 Trillion |
| 2004 | 3.73% | 1.57% | 1.39x | 1.71x | TL-15.24 Million |
| 2006 | 11.42% | 3.97% | 1.64x | 1.75x | TL3.43 Million |
| 2007 | 5.82% | 1.87% | 1.89x | 1.64x | TL-10.69 Million |
| 2008 | 2.92% | 1.01% | 1.64x | 1.77x | TL-18.66 Million |
| 2009 | 0.42% | 0.18% | 1.53x | 1.55x | TL-24.86 Million |
| 2010 | 5.04% | 1.71% | 1.58x | 1.87x | TL-13.56 Million |
| 2011 | 18.54% | 4.98% | 1.89x | 1.96x | TL28.36 Million |
| 2012 | 13.42% | 4.37% | 1.95x | 1.57x | TL12.64 Million |
| 2013 | 16.03% | 6.24% | 1.73x | 1.49x | TL25.85 Million |
| 2014 | 11.45% | 4.16% | 1.87x | 1.47x | TL6.01 Million |
| 2015 | 15.23% | 5.63% | 1.58x | 1.71x | TL24.87 Million |
| 2016 | 10.09% | 3.40% | 1.67x | 1.77x | TL411.38K |
| 2017 | 18.64% | 5.58% | 1.68x | 1.99x | TL47.42 Million |
| 2018 | 19.22% | 5.12% | 1.57x | 2.39x | TL60.44 Million |
| 2019 | 29.90% | 8.97% | 1.89x | 1.76x | TL179.28 Million |
| 2020 | 14.38% | 4.73% | 1.67x | 1.82x | TL46.04 Million |
| 2021 | 27.89% | 7.93% | 1.45x | 2.43x | TL235.73 Million |
| 2022 | 16.39% | 2.27% | 1.73x | 4.16x | TL96.24 Million |
| 2023 | -21.56% | -2.20% | 2.84x | 3.45x | TL-939.53 Million |
| 2024 | -23.68% | -4.10% | 1.65x | 3.50x | TL-1.25 Billion |
Industry Comparison
This section compares Goodyear Lastikleri TAS's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $606,345,082
- Average return on equity (ROE) among peers: 24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goodyear Lastikleri TAS (GOODY) | TL3.07 Billion | 3.77% | 4.02x | $113.99 Million |
| Balatacilar Balatacilik Sanayi ve Ticaret AS (BALAT) | $5.51 Million | 5.93% | 3.82x | $41.68 Million |
| Bosch Fren Sistemleri Sanayi ve Ticaret AS (BFREN) | $33.18 Million | 84.65% | 0.97x | $382.82 Million |
| Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS (BRISA) | $408.34 Million | 11.81% | 0.18x | $609.24 Million |
| Ditas Dogan Yedek Parca Imalat ve Teknik AS (DITAS) | $24.85 Million | 19.12% | 2.14x | $179.34 Million |
| Ege Endustri ve Ticaret AS (EGEEN) | $74.72 Million | 25.20% | 0.61x | $396.85 Million |
| Jantsa Jant Sanayi ve Ticaret AS (JANTS) | $162.39 Million | 25.78% | 0.59x | $264.02 Million |
| Parsan Makina Parcalari Sanayi AS (PARSN) | $4.08 Billion | 17.84% | 0.79x | $179.22 Million |
| Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Tic (SAFKR) | $59.48 Million | 8.91% | 0.52x | $111.18 Million |
About Goodyear Lastikleri TAS
Goodyear Lastikleri T.A.S. produces and sells tires under the Goodyear, Fulda, Sava, Debica, and Kelly brands worldwide. It offers tires for consumers; and aviation, commercial truck, off-the-road, racing, and recreational vehicle tires. The company was incorporated in 1961 and is based in Istanbul, Turkey. Goodyear Lastikleri T.A.S. is a subsidiary of Goodyear S.A.