Koza Altin Isletmeleri AS (KOZAL) - Net Assets
Based on the latest financial reports, Koza Altin Isletmeleri AS (KOZAL) has net assets worth TL41.65 Billion TRY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL46.23 Billion) and total liabilities (TL4.58 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL41.65 Billion |
| % of Total Assets | 90.09% |
| Annual Growth Rate | 35.79% |
| 5-Year Change | 290.97% |
| 10-Year Change | 1416.84% |
| Growth Volatility | 38.03 |
Koza Altin Isletmeleri AS - Net Assets Trend (2006–2024)
This chart illustrates how Koza Altin Isletmeleri AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Koza Altin Isletmeleri AS (2006–2024)
The table below shows the annual net assets of Koza Altin Isletmeleri AS from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL29.57 Billion | -0.67% |
| 2023-12-31 | TL29.77 Billion | +151.09% |
| 2022-12-31 | TL11.86 Billion | +12.19% |
| 2021-12-31 | TL10.57 Billion | +39.72% |
| 2020-12-31 | TL7.56 Billion | +31.35% |
| 2019-12-31 | TL5.76 Billion | +44.41% |
| 2018-12-31 | TL3.99 Billion | +37.49% |
| 2017-12-31 | TL2.90 Billion | +23.47% |
| 2016-12-31 | TL2.35 Billion | +20.49% |
| 2015-12-31 | TL1.95 Billion | +4.33% |
| 2014-12-31 | TL1.87 Billion | +10.36% |
| 2013-12-31 | TL1.69 Billion | +20.95% |
| 2012-12-31 | TL1.40 Billion | +61.02% |
| 2011-12-31 | TL869.45 Million | +98.22% |
| 2010-12-31 | TL438.62 Million | +90.08% |
| 2009-12-31 | TL230.75 Million | +50.42% |
| 2008-12-31 | TL153.40 Million | +21.19% |
| 2007-12-31 | TL126.58 Million | +5.48% |
| 2006-12-31 | TL120.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Koza Altin Isletmeleri 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 24383.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL17.42 Billion | 58.92% |
| Other Components | TL12.15 Billion | 41.08% |
| Total Equity | TL29.57 Billion | 100.00% |
Koza Altin Isletmeleri AS Competitors by Market Cap
The table below lists competitors of Koza Altin Isletmeleri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Q2 Holdings
NYSE:QTWO
|
$2.87 Billion |
|
Home Depot Inc. CEDEAR
BA:HD
|
$2.88 Billion |
|
WD-40 Company
NASDAQ:WDFC
|
$2.88 Billion |
|
Thule Group AB
ST:THULE
|
$2.88 Billion |
|
Netmarble Games Corp
KO:251270
|
$2.87 Billion |
|
GRAND PHARM. GRP. HD-01
F:MX6A
|
$2.86 Billion |
|
Wuhan Raycus Fiber Laser Technologies Co Ltd Class A
SHE:300747
|
$2.86 Billion |
|
Zhejiang Orient Holdings Co Ltd
SHG:600120
|
$2.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Koza Altin Isletmeleri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 29,770,272,000 to 29,571,780,000, a change of -198,492,000 (-0.7%).
- Net income of 603,990,000 contributed positively to equity growth.
- Share repurchases of 688,637,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL603.99 Million | +2.04% |
| Share Repurchases | TL688.64 Million | -2.33% |
| Other Changes | TL-113.84 Million | -0.38% |
| Total Change | TL- | -0.67% |
Book Value vs Market Value Analysis
This analysis compares Koza Altin Isletmeleri 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: 4.33x
- 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 2.10x to 4.33x 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 | TL19.02 | TL40.00 | x |
| 2018-12-31 | TL26.15 | TL40.00 | x |
| 2019-12-31 | TL37.76 | TL40.00 | x |
| 2020-12-31 | TL49.60 | TL40.00 | x |
| 2021-12-31 | TL69.30 | TL40.00 | x |
| 2022-12-31 | TL3.70 | TL40.00 | x |
| 2023-12-31 | TL9.30 | TL40.00 | x |
| 2024-12-31 | TL9.23 | TL40.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Koza Altin Isletmeleri 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): 2.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.91%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.10x
- Recent ROE (2.04%) is below the historical average (27.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 53.70% | 49.90% | 0.86x | 1.24x | TL191.69 Million |
| 2011 | 52.96% | 57.15% | 0.76x | 1.22x | TL373.55 Million |
| 2012 | 45.87% | 61.56% | 0.66x | 1.12x | TL502.12 Million |
| 2013 | 29.41% | 53.58% | 0.50x | 1.09x | TL328.64 Million |
| 2014 | 26.48% | 55.86% | 0.44x | 1.08x | TL308.02 Million |
| 2015 | 12.98% | 30.42% | 0.39x | 1.08x | TL58.15 Million |
| 2016 | 16.82% | 38.04% | 0.39x | 1.12x | TL160.25 Million |
| 2017 | 19.06% | 57.12% | 0.31x | 1.09x | TL262.65 Million |
| 2018 | 29.43% | 72.88% | 0.37x | 1.09x | TL774.98 Million |
| 2019 | 30.69% | 62.03% | 0.45x | 1.10x | TL1.19 Billion |
| 2020 | 23.94% | 55.71% | 0.39x | 1.11x | TL1.05 Billion |
| 2021 | 28.43% | 75.06% | 0.33x | 1.15x | TL1.95 Billion |
| 2022 | 33.82% | 69.90% | 0.43x | 1.13x | TL2.82 Billion |
| 2023 | 1.97% | 5.01% | 0.35x | 1.12x | TL-2.39 Billion |
| 2024 | 2.04% | 6.91% | 0.27x | 1.10x | TL-2.35 Billion |
Industry Comparison
This section compares Koza Altin Isletmeleri AS's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $40,546,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Koza Altin Isletmeleri AS (KOZAL) | TL41.65 Billion | 53.70% | 0.11x | $2.87 Billion |
| Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS (IPEKE) | $40.55 Million | 0.00% | 0.30x | $541.41 Million |
About Koza Altin Isletmeleri AS
Turk Altin Isletmeleri A.S. engages in the operation of mines in Turkey. It owns and operates seven mines in the regions of Ovacik-Bergama-Izmir, Çukuralan-Izmir, Kaymaz-Eskisehir, Mastra-Gümüshane, and Himmetdede-Kayseri. The company was formerly known as Koza Altin Isletmeleri A.S. and changed its name to Turk Altin Isletmeleri A.S. in November 2025. The company was incorporated in 1989 and is … Read more