Karsan Otomotiv Sanayi ve Ticaret AS Net Assets

Latest as of December 2025: TL7.23 Billion TRY ≈ $162.01 Million USD

Karsan Otomotiv Sanayi ve Ticaret AS net assets. Based on the latest financial reports, Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) has net assets worth TL7.23 Billion TRY (≈ $162.01 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL20.79 Billion ≈ $465.61 Million USD) and total liabilities (TL13.56 Billion ≈ $303.60 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. Also explore Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) equity growth momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL7.23 Billion
% of Total Assets	34.8%
Annual Growth Rate	-33.28%
5-Year Change	627.79%
10-Year Change	2158.47%
Growth Volatility	61.22

Net Assets of Karsan Otomotiv Sanayi ve Ticaret AS (2002–2025)

Net assets of Karsan Otomotiv Sanayi ve Ticaret AS from 2002 to 2025. This chart illustrates how Karsan Otomotiv Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Karsan Otomotiv Sanayi ve Ticaret AS to measure how much of total assets are equity-financed.

Annual Net Assets for Karsan Otomotiv Sanayi ve Ticaret AS (2002–2025)

The table below shows the annual net assets of Karsan Otomotiv Sanayi ve Ticaret AS from 2002 to 2025. For live market cap and overall valuation, see Karsan Otomotiv Sanayi ve Ticaret AS market cap and net worth.

Year	Net Assets	Change
2025-12-31	TL7.23 Billion ≈ $162.01 Million	+0.66%
2024-12-31	TL7.19 Billion ≈ $160.96 Million	+37.38%
2023-12-31	TL5.23 Billion ≈ $117.16 Million	+190.76%
2022-12-31	TL1.80 Billion ≈ $40.30 Million	+81.01%
2021-12-31	TL993.89 Million ≈ $22.26 Million	+36.49%
2020-12-31	TL728.17 Million ≈ $16.31 Million	+9.74%
2019-12-31	TL663.54 Million ≈ $14.86 Million	+102.57%
2018-12-31	TL327.56 Million ≈ $7.34 Million	-7.73%
2017-12-31	TL355.00 Million ≈ $7.95 Million	+10.84%
2016-12-31	TL320.28 Million ≈ $7.17 Million	+32.42%
2015-12-31	TL241.87 Million ≈ $5.42 Million	+3.88%
2014-12-31	TL232.84 Million ≈ $5.22 Million	-30.17%
2013-12-31	TL333.47 Million ≈ $7.47 Million	+31.88%
2012-12-31	TL252.85 Million ≈ $5.66 Million	+63.65%
2011-12-31	TL154.50 Million ≈ $3.46 Million	+39.39%
2010-12-31	TL110.84 Million ≈ $2.48 Million	-3.39%
2009-12-31	TL114.72 Million ≈ $2.57 Million	+77.01%
2008-12-31	TL64.81 Million ≈ $1.45 Million	-40.10%
2007-12-31	TL108.20 Million ≈ $2.42 Million	+130.77%
2006-12-31	TL46.89 Million ≈ $1.05 Million	-18.94%
2005-12-31	TL57.84 Million ≈ $1.30 Million	-44.83%
2004-12-31	TL104.84 Million ≈ $2.35 Million	+1.40%
2003-12-31	TL103.39 Million ≈ $2.32 Million	-100.00%
2002-12-31	TL79.67 Trillion ≈ $1.78 Trillion	--

Equity Component Analysis

This analysis shows how different components contribute to Karsan Otomotiv 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 812056400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Karsan Otomotiv Sanayi ve Ticaret AS Net Assets Breakdown (December 2025)

Karsan Otomotiv Sanayi ve Ticaret AS net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Other Components	TL15.35 Billion	212.26%
Total Equity	TL7.23 Billion	100.00%

Karsan Otomotiv Sanayi ve Ticaret AS Competitors by Market Cap

The table below lists competitors of Karsan Otomotiv Sanayi ve Ticaret AS ranked by their market capitalization.

Company	Market Cap
EMC Instytut Medyczny SA WAR:EMC	$129.22 Million
Unifiedpost Group SA BR:UPG	$129.22 Million
De Licacy Industrial Co Ltd TW:1464	$129.28 Million
Black Mammoth Metals Corp V:BMM	$129.31 Million
AMPACS Corp. TW:6743	$129.19 Million
Woojin KO:105840	$129.04 Million
Tonlin Department Store Co Ltd TW:2910	$129.04 Million
Panatlântica S.A SA:PATI3	$129.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Karsan Otomotiv Sanayi ve Ticaret AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,186,340,000 to 7,233,449,000, a change of 47,109,000 (0.7%).
Net income of 179,091,000 contributed positively to equity growth.
Other factors decreased equity by 131,982,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL179.09 Million	+2.48%
Other Changes	TL-131.98 Million	-1.82%
Total Change	TL-	0.66%

Book Value vs Market Value Analysis

This analysis compares Karsan Otomotiv 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: 0.80x
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 11.69x to 0.80x 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	TL0.55	TL6.41	x
2018-12-31	TL0.51	TL6.41	x
2019-12-31	TL0.74	TL6.41	x
2020-12-31	TL0.81	TL6.41	x
2021-12-31	TL1.10	TL6.41	x
2022-12-31	TL1.97	TL6.41	x
2023-12-31	TL5.76	TL6.41	x
2024-12-31	TL7.98	TL6.41	x
2025-12-31	TL8.04	TL6.41	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Karsan Otomotiv 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): 2.48%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.08%
• Asset Turnover: 0.80x
• Equity Multiplier: 2.87x
Recent ROE (2.48%) is above the historical average (-1.20%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	6.77%	2.72%	1.56x	1.59x	TL-2.58 Trillion
2003	11.99%	6.43%	1.18x	1.58x	TL2.06 Million
2004	1.38%	0.38%	1.99x	1.81x	TL-9.04 Million
2007	0.97%	0.42%	1.29x	1.81x	TL-9.77 Million
2013	4.64%	1.74%	0.88x	3.02x	TL-18.34 Million
2014	-33.28%	-23.83%	0.32x	4.42x	TL-111.04 Million
2015	-22.86%	-5.35%	0.70x	6.10x	TL-89.98 Million
2016	-21.51%	-7.85%	0.59x	4.65x	TL-108.66 Million
2017	1.95%	0.60%	0.63x	5.14x	TL-28.59 Million
2018	-7.14%	-1.39%	0.71x	7.20x	TL-56.14 Million
2019	2.69%	0.96%	0.74x	3.79x	TL-48.89 Million
2020	2.77%	1.18%	0.63x	3.70x	TL-53.02 Million
2021	9.99%	4.71%	0.56x	3.78x	TL-80.80K
2022	7.10%	4.19%	0.48x	3.56x	TL-51.34 Million
2023	10.73%	5.19%	0.68x	3.05x	TL37.85 Million
2024	1.01%	0.51%	0.72x	2.75x	TL-646.01 Million
2025	2.48%	1.08%	0.80x	2.87x	TL-544.25 Million

Industry Comparison

This section compares Karsan Otomotiv Sanayi ve Ticaret AS's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $8,451,249,351
Average return on equity (ROE) among peers: 8.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Karsan Otomotiv Sanayi ve Ticaret AS (KARSN)	TL7.23 Billion	6.77%	1.87x	$129.21 Million
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS (KATMR)	$62.68 Million	29.71%	2.65x	$49.19 Million
Tumosan Motor ve Traktor Sanayi AS (TMSN)	$8.58 Billion	-6.96%	0.90x	$112.51 Million
Turk Traktor ve Ziraat Makineleri AS (TTRAK)	$16.71 Billion	2.72%	1.37x	$750.82 Million

About Karsan Otomotiv Sanayi ve Ticaret AS

IS:KARSN Turkey Farm & Heavy Construction Machinery

Market Cap

$129.21 Million

TL5.77 Billion TRY

Market Cap Rank

#18053 Global

#174 in Turkey

Share Price

TL6.41

Change (1 day)

-5.74%

52-Week Range

TL6.41 - TL16.51

All Time High

TL18.45