Parsan Makina Parcalari Sanayi AS
Parsan Makina Parçalari Sanayii A.S. produces and sells forging parts and components for light, medium, and heavy vehicle manufacturers in Turkey. The company offers body parts, such as rear axle shafts, shafts, front axle beams, and front axle assemblies; and engine parts, including crankshafts, camshafts, forged pistons, steering knuckles, rods, pinion forgings, various gear forgings, spider ge… Read more
Parsan Makina Parcalari Sanayi AS (PARSN) - Net Assets
Latest net assets as of June 2025: TL12.13 Billion TRY
Based on the latest financial reports, Parsan Makina Parcalari Sanayi AS (PARSN) has net assets worth TL12.13 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL20.18 Billion) and total liabilities (TL8.05 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 | TL12.13 Billion |
| % of Total Assets | 60.1% |
| Annual Growth Rate | -32.56% |
| 5-Year Change | 830.43% |
| 10-Year Change | 1882.6% |
| Growth Volatility | 45.43 |
Parsan Makina Parcalari Sanayi AS - Net Assets Trend (2002–2024)
This chart illustrates how Parsan Makina Parcalari Sanayi 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 Parsan Makina Parcalari Sanayi AS (2002–2024)
The table below shows the annual net assets of Parsan Makina Parcalari Sanayi AS from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL10.42 Billion | +29.46% |
| 2023-12-31 | TL8.05 Billion | +97.22% |
| 2022-12-31 | TL4.08 Billion | +163.02% |
| 2021-12-31 | TL1.55 Billion | +38.55% |
| 2020-12-31 | TL1.12 Billion | +47.07% |
| 2019-12-31 | TL761.71 Million | +37.13% |
| 2018-12-31 | TL555.45 Million | -6.57% |
| 2017-12-31 | TL594.50 Million | +13.91% |
| 2016-12-31 | TL521.89 Million | -0.73% |
| 2015-12-31 | TL525.74 Million | +30.28% |
| 2014-12-31 | TL403.55 Million | +6.49% |
| 2013-12-31 | TL378.96 Million | +40.11% |
| 2012-12-31 | TL270.48 Million | +4.05% |
| 2011-12-31 | TL259.95 Million | +14.50% |
| 2010-12-31 | TL227.03 Million | +6.44% |
| 2009-12-31 | TL213.31 Million | -8.83% |
| 2008-12-31 | TL233.95 Million | +17.52% |
| 2007-12-31 | TL199.07 Million | +25.75% |
| 2006-12-31 | TL158.31 Million | +25.71% |
| 2005-12-31 | TL125.93 Million | +35.64% |
| 2004-12-31 | TL92.84 Million | -100.00% |
| 2003-12-31 | TL69.58 Trillion | +15.11% |
| 2002-12-31 | TL60.45 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Parsan Makina Parcalari Sanayi 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 113890361600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.14 Billion | 12.33% |
| Other Components | TL8.10 Billion | 87.67% |
| Total Equity | TL9.23 Billion | 100.00% |
Parsan Makina Parcalari Sanayi AS Competitors by Market Cap
The table below lists competitors of Parsan Makina Parcalari Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AMPACS Corp.
TW:6743
|
$62.53 Million |
|
Encounter Resources Ltd
AU:ENR
|
$62.55 Million |
|
One Point One Solutions Limited
NSE:ONEPOINT
|
$62.58 Million |
|
Tumosan Motor ve Traktor Sanayi AS
IS:TMSN
|
$62.58 Million |
|
Groupe Pizzorno Environnement SA
PA:GPE
|
$62.51 Million |
|
Pyrophyte Acquisition Corp
NYSE:PHYT
|
$62.51 Million |
|
Advanced Optoelectronic Technology Inc
TW:3437
|
$62.47 Million |
|
Yatra Online Limited
NSE:YATRA
|
$62.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Parsan Makina Parcalari Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,998,461,813 to 9,234,430,624, a change of 2,235,968,811 (31.9%).
- Net loss of 334,151,945 reduced equity.
- Other factors increased equity by 2,570,120,756.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-334.15 Million | -3.62% |
| Other Changes | TL2.57 Billion | +27.83% |
| Total Change | TL- | 31.95% |
Book Value vs Market Value Analysis
This analysis compares Parsan Makina Parcalari Sanayi 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: 0.69x
- 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 12.03x to 0.69x 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 | TL6.83 | TL82.15 | x |
| 2018-12-31 | TL6.15 | TL82.15 | x |
| 2019-12-31 | TL8.65 | TL82.15 | x |
| 2020-12-31 | TL13.17 | TL82.15 | x |
| 2021-12-31 | TL15.77 | TL82.15 | x |
| 2022-12-31 | TL45.15 | TL82.15 | x |
| 2023-12-31 | TL90.76 | TL82.15 | x |
| 2024-12-31 | TL119.75 | TL82.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Parsan Makina Parcalari Sanayi 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): -3.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.01%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.76x
- Recent ROE (-3.62%) is below the historical average (4.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 12.81% | 17.70% | 0.53x | 1.36x | TL6.48 Million |
| 2012 | 3.65% | 5.64% | 0.46x | 1.42x | TL-15.22 Million |
| 2013 | 3.16% | 6.95% | 0.32x | 1.40x | TL-23.15 Million |
| 2014 | 6.94% | 12.93% | 0.36x | 1.48x | TL-11.09 Million |
| 2015 | 3.99% | 8.73% | 0.25x | 1.85x | TL-28.58 Million |
| 2016 | -0.61% | -1.25% | 0.23x | 2.15x | TL-49.84 Million |
| 2017 | 1.90% | 3.21% | 0.25x | 2.39x | TL-42.52 Million |
| 2018 | -10.34% | -9.89% | 0.33x | 3.14x | TL-96.44 Million |
| 2019 | -0.60% | -0.76% | 0.29x | 2.73x | TL-70.65 Million |
| 2020 | 12.13% | 20.88% | 0.23x | 2.49x | TL21.66 Million |
| 2021 | 13.43% | 14.32% | 0.29x | 3.21x | TL41.74 Million |
| 2022 | 20.92% | 29.55% | 0.34x | 2.10x | TL380.32 Million |
| 2023 | 5.22% | 9.45% | 0.30x | 1.86x | TL-334.72 Million |
| 2024 | -3.62% | -8.01% | 0.26x | 1.76x | TL-1.26 Billion |
Industry Comparison
This section compares Parsan Makina Parcalari Sanayi AS's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $223,067,446
- Average return on equity (ROE) among peers: 20.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Parsan Makina Parcalari Sanayi AS (PARSN) | TL12.13 Billion | 12.81% | 0.66x | $62.53 Million |
| Balatacilar Balatacilik Sanayi ve Ticaret AS (BALAT) | $2.98 Million | 0.00% | 3.78x | $35.75 Million |
| Bosch Fren Sistemleri Sanayi ve Ticaret AS (BFREN) | $71.77 Million | 47.64% | 0.44x | $19.03 Million |
| Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS (BRISA) | $419.42 Million | 12.76% | 0.17x | $258.34 Million |
| Ditas Dogan Yedek Parca Imalat ve Teknik AS (DITAS) | $457.85 Million | -5.09% | 2.74x | $34.48 Million |
| Ege Endustri ve Ticaret AS (EGEEN) | $200.61 Million | 50.85% | 0.37x | $189.58 Million |
| Goodyear Lastikleri TAS (GOODY) | $455.54 Million | 10.09% | 0.77x | $27.56 Million |
| Jantsa Jant Sanayi ve Ticaret AS (JANTS) | $118.27 Million | 27.26% | 0.48x | $36.89 Million |
| Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Tic (SAFKR) | $58.11 Million | 21.95% | 0.53x | $87.53 Million |