Merko Gida Sanayi ve Ticaret AS (MERKO) - Net Assets
Based on the latest financial reports, Merko Gida Sanayi ve Ticaret AS (MERKO) has net assets worth TL1.58 Billion TRY (≈ $35.35 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 (TL2.53 Billion ≈ $56.70 Million USD) and total liabilities (TL953.48 Million ≈ $21.36 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 tangible equity quality of Merko Gida Sanayi ve Ticaret AS to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.58 Billion |
| % of Total Assets | 62.34% |
| Annual Growth Rate | 34.81% |
| 5-Year Change | 11240.71% |
| 10-Year Change | 9626.31% |
| Growth Volatility | 167.87 |
Merko Gida Sanayi ve Ticaret AS - Net Assets Trend (2006–2023)
This chart illustrates how Merko Gida Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. See Merko Gida Sanayi ve Ticaret AS (MERKO) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Merko Gida Sanayi ve Ticaret AS (2006–2023)
The table below shows the annual net assets of Merko Gida Sanayi ve Ticaret AS from 2006 to 2023. For live valuation and market cap data, see Merko Gida Sanayi ve Ticaret AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL2.53 Billion ≈ $56.76 Million |
+373.21% |
| 2022-12-31 | TL535.52 Million ≈ $11.99 Million |
+118.70% |
| 2021-12-31 | TL244.86 Million ≈ $5.48 Million |
+69.28% |
| 2020-12-31 | TL144.65 Million ≈ $3.24 Million |
+547.32% |
| 2019-12-31 | TL22.35 Million ≈ $500.47K |
-29.08% |
| 2018-12-31 | TL31.51 Million ≈ $705.66K |
+111.41% |
| 2017-12-31 | TL14.90 Million ≈ $333.78K |
-48.65% |
| 2016-12-31 | TL29.02 Million ≈ $650.02K |
+9.11% |
| 2015-12-31 | TL26.60 Million ≈ $595.73K |
+2.09% |
| 2014-12-31 | TL26.05 Million ≈ $583.54K |
+59.54% |
| 2013-12-31 | TL16.33 Million ≈ $365.77K |
-15.92% |
| 2012-12-31 | TL19.42 Million ≈ $435.05K |
+2.10% |
| 2011-12-31 | TL19.02 Million ≈ $426.11K |
+123.46% |
| 2010-12-31 | TL8.51 Million ≈ $190.69K |
-8.80% |
| 2009-12-31 | TL9.34 Million ≈ $209.10K |
+348.41% |
| 2008-12-31 | TL2.08 Million ≈ $46.63K |
-82.68% |
| 2007-12-31 | TL12.02 Million ≈ $269.19K |
-23.96% |
| 2006-12-31 | TL15.81 Million ≈ $354.01K |
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Equity Component Analysis
This analysis shows how different components contribute to Merko Gida 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 78981587500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL2.18 Billion | 156.90% |
| Total Equity | TL1.39 Billion | 100.00% |
Merko Gida Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Merko Gida Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aro Granite Industries Limited
NSE:AROGRANITE
|
$4.41 Million |
|
Variscan Mines Ltd
AU:VAR
|
$4.41 Million |
|
Datametrex AI Ltd
V:DM
|
$4.42 Million |
|
BGT Corporation Public Company Limited
BK:BGT
|
$4.42 Million |
|
E Tech Resources Inc
V:REE
|
$4.40 Million |
|
Oakajee Corporation Ltd
AU:OKJ
|
$4.40 Million |
|
Acurx Pharmaceuticals LLC
NASDAQ:ACXP
|
$4.40 Million |
|
Sky Quarry Inc
NASDAQ:SKYQ
|
$4.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merko Gida Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 302,083,627 to 1,388,073,292, a change of 1,085,989,665 (359.5%).
- Net income of 115,831,560 contributed positively to equity growth.
- New share issuances of 146,927,201 increased equity.
- Other factors increased equity by 823,230,904.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL115.83 Million | +8.34% |
| Share Issuances | TL146.93 Million | +10.58% |
| Other Changes | TL823.23 Million | +59.31% |
| Total Change | TL- | 359.50% |
Book Value vs Market Value Analysis
This analysis compares Merko Gida 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: 0.12x
- 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 1.75x to 0.12x 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 | TL0.98 | TL1.71 | x |
| 2018-12-31 | TL1.03 | TL1.71 | x |
| 2019-12-31 | TL0.67 | TL1.71 | x |
| 2020-12-31 | TL1.99 | TL1.71 | x |
| 2021-12-31 | TL3.37 | TL1.71 | x |
| 2022-12-31 | TL3.42 | TL1.71 | x |
| 2023-12-31 | TL13.73 | TL1.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merko Gida 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): 8.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.30%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.51x
- Recent ROE (8.34%) is above the historical average (-12.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 77.71% | 11.11% | 0.82x | 8.56x | TL6.32 Million |
| 2012 | 2.05% | 0.63% | 0.82x | 3.97x | TL-1.54 Million |
| 2014 | 33.16% | 7.78% | 2.44x | 1.75x | TL6.03 Million |
| 2015 | 2.48% | 0.91% | 0.86x | 3.14x | TL-2.00 Million |
| 2016 | -21.52% | -7.52% | 0.77x | 3.72x | TL-9.15 Million |
| 2017 | -92.41% | -14.51% | 1.00x | 6.39x | TL-15.26 Million |
| 2018 | -97.94% | -26.71% | 1.28x | 2.86x | TL-34.01 Million |
| 2019 | -70.60% | -23.56% | 0.78x | 3.85x | TL-18.01 Million |
| 2020 | 3.99% | 9.49% | 0.33x | 1.28x | TL-8.70 Million |
| 2021 | 0.78% | 1.66% | 0.33x | 1.44x | TL-22.58 Million |
| 2022 | -0.36% | -0.13% | 0.80x | 3.50x | TL-31.29 Million |
| 2023 | 8.34% | 8.30% | 0.40x | 2.51x | TL-22.98 Million |
Industry Comparison
This section compares Merko Gida Sanayi ve Ticaret AS's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $707,486,129
- Average return on equity (ROE) among peers: 2.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merko Gida Sanayi ve Ticaret AS (MERKO) | TL1.58 Billion | 77.71% | 0.60x | $4.41 Million |
| Atakey Patates Gida Sanayi ve Ticaret A.S. (ATAKP) | $3.07 Billion | 9.64% | 0.33x | $167.52 Million |
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS (AVOD) | $12.75 Million | 9.56% | 1.14x | $26.43 Million |
| Banvit Bandirma Vitaminli Yem Sanayi AS (BANVT) | $218.87 Million | -45.54% | 3.80x | $378.61 Million |
| Dardanel Onentas Gida Sanayi AS (DARDL) | $-361.84 Million | 0.00% | 0.00x | $107.64 Million |
| Eksun Gida Tarim Sanayi ve Ticaret A.S. (EKSUN) | $2.62 Billion | -34.69% | 1.45x | $89.37 Million |
| ERSU Meyve ve Gida Sanayi AS (ERSU) | $294.49 Million | -3.76% | 0.29x | $20.59 Million |
| Fade Gida Yatirim Sanayi Ticaret As (FADE) | $423.38 Million | 41.75% | 0.35x | $31.12 Million |
| Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) | $31.50 Million | 36.29% | 1.81x | $11.42 Million |
| Goknur Gida Maddeleri Enerji Imalati Ithalat Ihracat Ticaret ve Sanayi A.S. (GOKNR) | $817.82 Million | 15.46% | 2.72x | $207.11 Million |
| Kerevitas Gida Sanayi ve Ticaret AS (KERVT) | $-52.24 Million | 0.00% | 0.00x | $212.77 Million |
About Merko Gida Sanayi ve Ticaret AS
Merko Gida Sanayi ve Ticaret A.S. engages in processing of tomatoes in Turkey. It offers tomato paste, diced tomatoes, and tomato juice concentrates. The company was founded in 1982 and is headquartered in Istanbul, Turkey.