SASA Polyester Sanayi AS (SASA) - Net Assets
Based on the latest financial reports, SASA Polyester Sanayi AS (SASA) has net assets worth TL130.77 Billion TRY (≈ $2.93 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL281.72 Billion ≈ $6.31 Billion USD) and total liabilities (TL150.95 Billion ≈ $3.38 Billion 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 SASA tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL130.77 Billion |
| % of Total Assets | 46.42% |
| Annual Growth Rate | -24.71% |
| 5-Year Change | 4087.93% |
| 10-Year Change | 30809.89% |
| Growth Volatility | 112.53 |
SASA Polyester Sanayi AS - Net Assets Trend (2000–2024)
This chart illustrates how SASA Polyester Sanayi AS's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of SASA Polyester Sanayi AS to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SASA Polyester Sanayi AS (2000–2024)
The table below shows the annual net assets of SASA Polyester Sanayi AS from 2000 to 2024. For live valuation and market cap data, see SASA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL120.88 Billion ≈ $2.71 Billion |
+28.55% |
| 2023-12-31 | TL94.03 Billion ≈ $2.11 Billion |
+472.63% |
| 2022-12-31 | TL16.42 Billion ≈ $367.79 Million |
+294.49% |
| 2021-12-31 | TL4.16 Billion ≈ $93.23 Million |
+44.22% |
| 2020-12-31 | TL2.89 Billion ≈ $64.65 Million |
+11.65% |
| 2019-12-31 | TL2.59 Billion ≈ $57.90 Million |
+48.98% |
| 2018-12-31 | TL1.74 Billion ≈ $38.86 Million |
+52.50% |
| 2017-12-31 | TL1.14 Billion ≈ $25.48 Million |
+115.45% |
| 2016-12-31 | TL528.12 Million ≈ $11.83 Million |
+35.04% |
| 2015-12-31 | TL391.07 Million ≈ $8.76 Million |
+22.08% |
| 2014-12-31 | TL320.34 Million ≈ $7.17 Million |
+28.18% |
| 2013-12-31 | TL249.91 Million ≈ $5.60 Million |
+2.56% |
| 2012-12-31 | TL243.67 Million ≈ $5.46 Million |
-11.22% |
| 2011-12-31 | TL274.48 Million ≈ $6.15 Million |
+18.12% |
| 2010-12-31 | TL232.37 Million ≈ $5.20 Million |
+15.12% |
| 2009-12-31 | TL201.85 Million ≈ $4.52 Million |
-14.83% |
| 2008-12-31 | TL237.00 Million ≈ $5.31 Million |
-17.62% |
| 2007-12-31 | TL287.70 Million ≈ $6.44 Million |
-16.39% |
| 2006-12-31 | TL344.11 Million ≈ $7.71 Million |
-6.23% |
| 2005-12-31 | TL366.96 Million ≈ $8.22 Million |
-14.96% |
| 2004-12-31 | TL431.51 Million ≈ $9.66 Million |
-32.00% |
| 2003-12-31 | TL634.56 Million ≈ $14.21 Million |
-100.00% |
| 2002-12-31 | TL206.53 Trillion ≈ $4.63 Trillion |
+52.12% |
| 2001-12-31 | TL135.77 Trillion ≈ $3.04 Trillion |
+23.75% |
| 2000-12-31 | TL109.71 Trillion ≈ $2.46 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to SASA Polyester 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 3147192400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL31.47 Billion | 26.04% |
| Other Components | TL89.41 Billion | 73.96% |
| Total Equity | TL120.88 Billion | 100.00% |
SASA Polyester Sanayi AS Competitors by Market Cap
The table below lists competitors of SASA Polyester Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Worthington Industries Inc
NYSE:WOR
|
$2.68 Billion |
|
Delek Logistics Partners LP
NYSE:DKL
|
$2.68 Billion |
|
Shanghai Haoyuan Chemexpress Co. Ltd. A
SHG:688131
|
$2.68 Billion |
|
Air France-KLM SA
PA:AF
|
$2.68 Billion |
|
Harley-Davidson Inc
NYSE:HOG
|
$2.68 Billion |
|
BrightGene Bio Medical Technology C
SHG:688166
|
$2.68 Billion |
|
Siriuspoint Ltd
NYSE:SPNT
|
$2.68 Billion |
|
Northeast Securities Co Ltd
SHE:000686
|
$2.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SASA Polyester Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 94,032,627,000 to 120,878,397,000, a change of 26,845,770,000 (28.5%).
- Net income of 18,279,278,000 contributed positively to equity growth.
- Share repurchases of 26,459,000 reduced equity.
- Other factors increased equity by 8,592,951,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL18.28 Billion | +15.12% |
| Share Repurchases | TL26.46 Million | -0.02% |
| Other Changes | TL8.59 Billion | +7.11% |
| Total Change | TL- | 28.55% |
Book Value vs Market Value Analysis
This analysis compares SASA Polyester 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: 0.99x
- 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 2.68x to 0.99x 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 | TL1.02 | TL2.73 | x |
| 2018-12-31 | TL1.55 | TL2.73 | x |
| 2019-12-31 | TL2.31 | TL2.73 | x |
| 2020-12-31 | TL2.58 | TL2.73 | x |
| 2021-12-31 | TL3.77 | TL2.73 | x |
| 2022-12-31 | TL7.25 | TL2.73 | x |
| 2023-12-31 | TL2.21 | TL2.73 | x |
| 2024-12-31 | TL2.76 | TL2.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SASA Polyester 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): 15.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.63%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.92x
- Recent ROE (15.12%) is below the historical average (23.28%), 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 | 13.13% | 4.76% | 1.32x | 2.10x | TL7.28 Million |
| 2011 | 15.34% | 4.66% | 1.46x | 2.26x | TL14.66 Million |
| 2013 | 2.50% | 0.57% | 1.67x | 2.61x | TL-18.75 Million |
| 2014 | 22.28% | 5.90% | 1.82x | 2.08x | TL39.35 Million |
| 2015 | 18.09% | 6.36% | 1.59x | 1.79x | TL31.62 Million |
| 2016 | 25.95% | 11.59% | 1.15x | 1.95x | TL84.24 Million |
| 2017 | 17.89% | 12.30% | 0.70x | 2.09x | TL89.78 Million |
| 2018 | 34.43% | 27.42% | 0.52x | 2.39x | TL423.88 Million |
| 2019 | 41.17% | 38.50% | 0.36x | 3.00x | TL805.67 Million |
| 2020 | 10.82% | 6.19% | 0.47x | 3.74x | TL23.55 Million |
| 2021 | 16.75% | 4.76% | 0.66x | 5.33x | TL281.17 Million |
| 2022 | 64.49% | 34.09% | 0.59x | 3.19x | TL8.95 Billion |
| 2023 | 27.93% | 39.28% | 0.31x | 2.32x | TL16.86 Billion |
| 2024 | 15.12% | 37.63% | 0.21x | 1.92x | TL6.19 Billion |
Industry Comparison
This section compares SASA Polyester Sanayi AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $668,632,051
- Average return on equity (ROE) among peers: 0.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SASA Polyester Sanayi AS (SASA) | TL130.77 Billion | 13.13% | 1.15x | $2.68 Billion |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $1.09 Billion | 5.64% | 0.52x | $1.03 Billion |
| Artemis Hali As (ARTMS) | $107.90 Million | 21.21% | 2.06x | $64.91 Million |
| Akin Tekstil AS (ATEKS) | $3.28 Billion | -3.49% | 0.52x | $72.81 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $187.27 Million | 14.03% | 0.58x | $57.07 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $283.84 Million | 9.89% | 0.24x | $184.97 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $80.59 Million | -18.66% | 1.32x | $50.17 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $32.90 Million | -17.34% | 1.62x | $16.33 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $6.93 Million | 0.00% | 1.02x | $6.27 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $55.50 Million | 3.13% | 1.78x | $87.04 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $1.56 Billion | -4.68% | 1.24x | $22.14 Million |
About SASA Polyester Sanayi AS
Sasa Polyester Sanayi A.S. engages in the production and marketing of polyester fibers and chips, yarns, and related products in Turkey and internationally. The company offers fiberfill, nonwoven, and textile fibers. It also provides texturized yarns, partially oriented yarns, polyethylene terephthalate resin and chips, and purified terephthalic acid. The company was incorporated in 1966 and is h… Read more