RONESANS GAYRIMENKUL YAT.
Ronesans Gayrimenkul Yatirim A.S., together with its subsidiaries, operates as the commercial real estate development and investment company in Türkiye. The company develops and manages shopping malls, office buildings, and other commercial real estate projects, as well as residential properties; It also provides management and consulting, and asset management services, as well as rents investmen… Read more
RONESANS GAYRIMENKUL YAT. (RGYAS) - Net Assets
Latest net assets as of September 2024: TL89.16 Billion TRY
Based on the latest financial reports, RONESANS GAYRIMENKUL YAT. (RGYAS) has net assets worth TL89.16 Billion TRY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL121.63 Billion) and total liabilities (TL32.47 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 | TL89.16 Billion |
| % of Total Assets | 73.3% |
| Annual Growth Rate | 56.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7.42 |
RONESANS GAYRIMENKUL YAT. - Net Assets Trend (2021–2023)
This chart illustrates how RONESANS GAYRIMENKUL YAT.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for RONESANS GAYRIMENKUL YAT. (2021–2023)
The table below shows the annual net assets of RONESANS GAYRIMENKUL YAT. from 2021 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL55.70 Billion | +48.88% |
| 2022-12-31 | TL37.41 Billion | +63.72% |
| 2021-12-31 | TL22.85 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to RONESANS GAYRIMENKUL YAT.'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 242.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL46.41 Billion | 83.32% |
| Other Components | TL9.29 Billion | 16.68% |
| Total Equity | TL55.70 Billion | 100.00% |
RONESANS GAYRIMENKUL YAT. Competitors by Market Cap
The table below lists competitors of RONESANS GAYRIMENKUL YAT. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SEMCNS Co. Ltd.
KQ:252990
|
$150.05 Million |
|
Irani Papel e Embalagem S.A
SA:RANI3
|
$150.08 Million |
|
GAEC Educacao SA
SA:ANIM3
|
$150.08 Million |
|
Pan German Universal Motors Ltd.
TW:2247
|
$150.10 Million |
|
Digital Aria Co Ltd
KQ:115450
|
$150.03 Million |
|
Ganesh Housing Corporation Limited
NSE:GANESHHOUC
|
$149.95 Million |
|
Hangzhou Zongheng Commun
SHG:603602
|
$149.91 Million |
|
Admicom Oyj
HE:ADMCM
|
$149.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RONESANS GAYRIMENKUL YAT.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 37,411,941,000 to 55,698,066,000, a change of 18,286,125,000 (48.9%).
- Net income of 18,284,556,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL18.28 Billion | +32.83% |
| Other Changes | TL1.57 Million | +0.0% |
| Total Change | TL- | 48.88% |
Book Value vs Market Value Analysis
This analysis compares RONESANS GAYRIMENKUL YAT.'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: 0.95x
- 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 2.31x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | TL69.03 | TL159.50 | x |
| 2022-12-31 | TL113.03 | TL159.50 | x |
| 2023-12-31 | TL168.27 | TL159.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RONESANS GAYRIMENKUL YAT. 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): 32.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 364.90%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.50x
- Recent ROE (32.83%) is above the historical average (21.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -8.62% | -59.58% | 0.05x | 3.00x | TL-4.26 Billion |
| 2022 | 38.94% | 346.78% | 0.05x | 2.04x | TL10.83 Billion |
| 2023 | 32.83% | 364.90% | 0.06x | 1.50x | TL12.71 Billion |
Industry Comparison
This section compares RONESANS GAYRIMENKUL YAT.'s net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,266,939,581
- Average return on equity (ROE) among peers: 17.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RONESANS GAYRIMENKUL YAT. (RGYAS) | TL89.16 Billion | -8.62% | 0.36x | $150.04 Million |
| BATI EGE GMYO (BEGYO) | $-279.91 Million | 0.00% | 0.00x | $34.72 Million |
| Dap Gayrimenkul Gelistirme AS (DAPGM) | $2.41 Billion | 69.36% | 2.02x | $322.10 Million |
| SUR TATIL EVLERI GMYO (SURGY) | $2.80 Billion | 0.00% | 0.18x | $72.97 Million |
| Turker Proje Gayrimenkul Ve Yatirim Gelistirme AS (TURGG) | $135.11 Million | 0.00% | 0.24x | $25.32 Million |