Soktas Tekstil Sanayi ve Ticaret AS (SKTAS) - Net Assets
Based on the latest financial reports, Soktas Tekstil Sanayi ve Ticaret AS (SKTAS) has net assets worth TL1.78 Billion TRY (≈ $39.91 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL3.44 Billion ≈ $77.13 Million USD) and total liabilities (TL1.66 Billion ≈ $37.22 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 Soktas Tekstil Sanayi ve Ticaret AS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.78 Billion |
| % of Total Assets | 51.74% |
| Annual Growth Rate | 15.28% |
| 5-Year Change | 810.64% |
| 10-Year Change | 2520.12% |
| Growth Volatility | 71.19 |
Soktas Tekstil Sanayi ve Ticaret AS - Net Assets Trend (2004–2024)
This chart illustrates how Soktas Tekstil Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Also explore Soktas Tekstil Sanayi ve Ticaret AS total assets for the complete picture of this company's asset base.
Annual Net Assets for Soktas Tekstil Sanayi ve Ticaret AS (2004–2024)
The table below shows the annual net assets of Soktas Tekstil Sanayi ve Ticaret AS from 2004 to 2024. For live valuation and market cap data, see SKTAS company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.67 Billion ≈ $37.40 Million |
-29.45% |
| 2023-12-31 | TL2.37 Billion ≈ $53.01 Million |
+173.91% |
| 2022-12-31 | TL864.03 Million ≈ $19.35 Million |
+76.00% |
| 2021-12-31 | TL490.93 Million ≈ $11.00 Million |
+167.76% |
| 2020-12-31 | TL183.35 Million ≈ $4.11 Million |
+196.00% |
| 2019-12-31 | TL61.94 Million ≈ $1.39 Million |
-52.47% |
| 2018-12-31 | TL130.32 Million ≈ $2.92 Million |
+39.67% |
| 2017-12-31 | TL93.30 Million ≈ $2.09 Million |
-23.77% |
| 2016-12-31 | TL122.39 Million ≈ $2.74 Million |
+92.07% |
| 2015-12-31 | TL63.72 Million ≈ $1.43 Million |
-25.76% |
| 2014-12-31 | TL85.83 Million ≈ $1.92 Million |
-32.47% |
| 2013-12-31 | TL127.11 Million ≈ $2.85 Million |
-30.02% |
| 2012-12-31 | TL181.65 Million ≈ $4.07 Million |
+26.41% |
| 2011-12-31 | TL143.70 Million ≈ $3.22 Million |
+13.89% |
| 2010-12-31 | TL126.17 Million ≈ $2.83 Million |
+8.40% |
| 2009-12-31 | TL116.39 Million ≈ $2.61 Million |
+5.78% |
| 2008-12-31 | TL110.03 Million ≈ $2.46 Million |
+3.48% |
| 2007-12-31 | TL106.32 Million ≈ $2.38 Million |
+8.62% |
| 2006-12-31 | TL97.89 Million ≈ $2.19 Million |
+2.02% |
| 2005-12-31 | TL95.95 Million ≈ $2.15 Million |
-1.23% |
| 2004-12-31 | TL97.15 Million ≈ $2.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Soktas Tekstil 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 11217.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL3.50 Billion | 209.78% |
| Total Equity | TL1.67 Billion | 100.00% |
Soktas Tekstil Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Soktas Tekstil Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$37.86 Million |
|
Agrometal S.A.I.
BA:AGRO
|
$37.86 Million |
|
BioRem Inc.
V:BRM
|
$37.86 Million |
|
Medical Developments International Ltd
AU:MVP
|
$37.86 Million |
|
EVZ Ltd
AU:EVZ
|
$37.83 Million |
|
ENDURANCE MOTIVE EO -02
F:7VB
|
$37.78 Million |
|
Silver Ridge Holdings Bhd
KLSE:0129
|
$37.78 Million |
|
Slj Global Tbk
JK:SULI
|
$37.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soktas Tekstil Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,123,418,191 to 1,669,024,747, a change of -454,393,444 (-21.4%).
- Net loss of 464,359,447 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-464.36 Million | -27.82% |
| Other Changes | TL9.97 Million | +0.6% |
| Total Change | TL- | -21.40% |
Book Value vs Market Value Analysis
This analysis compares Soktas Tekstil 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: 0.85x
- 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 2.26x to 0.85x 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 | TL1.49 | TL3.38 | x |
| 2018-12-31 | TL2.09 | TL3.38 | x |
| 2019-12-31 | TL0.99 | TL3.38 | x |
| 2020-12-31 | TL1.91 | TL3.38 | x |
| 2021-12-31 | TL2.83 | TL3.38 | x |
| 2022-12-31 | TL5.00 | TL3.38 | x |
| 2023-12-31 | TL5.03 | TL3.38 | x |
| 2024-12-31 | TL3.96 | TL3.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soktas Tekstil 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): -27.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.94%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.89x
- Recent ROE (-27.82%) is below the historical average (-24.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.57% | 1.71% | 0.54x | 4.96x | TL-4.66 Million |
| 2015 | -40.66% | -11.16% | 0.53x | 6.84x | TL-32.28 Million |
| 2016 | -25.87% | -11.50% | 0.48x | 4.64x | TL-43.90 Million |
| 2017 | -46.75% | -13.52% | 0.55x | 6.33x | TL-52.95 Million |
| 2018 | -58.44% | -20.37% | 0.48x | 6.01x | TL-89.19 Million |
| 2019 | -23.19% | -4.69% | 0.53x | 9.40x | TL-20.56 Million |
| 2020 | -32.72% | -18.78% | 0.32x | 5.37x | TL-63.92 Million |
| 2021 | 0.90% | 1.00% | 0.29x | 3.09x | TL-39.64 Million |
| 2022 | -13.82% | -13.22% | 0.38x | 2.76x | TL-183.10 Million |
| 2023 | -0.73% | -0.80% | 0.40x | 2.29x | TL-227.85 Million |
| 2024 | -27.82% | -25.94% | 0.57x | 1.89x | TL-631.26 Million |
Industry Comparison
This section compares Soktas Tekstil Sanayi ve Ticaret AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $23,680,829,984,147
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soktas Tekstil Sanayi ve Ticaret AS (SKTAS) | TL1.78 Billion | 4.57% | 0.93x | $37.85 Million |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $236.81 Trillion | 33.40% | 0.74x | $921.48 Million |
| Artemis Hali As (ARTMS) | $272.08 Million | 26.83% | 1.43x | $68.11 Million |
| Akin Tekstil AS (ATEKS) | $472.41 Million | 2.56% | 0.55x | $53.06 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $17.39 Million | 0.00% | 0.32x | $72.93 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $298.27 Million | -2.90% | 1.41x | $185.26 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $128.68 Million | 2.74% | 0.71x | $43.90 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $-10.52 Million | 0.00% | 0.00x | $7.00 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $-771.23K | 0.00% | 0.00x | $6.44 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $55.50 Million | 3.13% | 1.78x | $178.24 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $1.56 Billion | -4.68% | 1.24x | $24.03 Million |
About Soktas Tekstil Sanayi ve Ticaret AS
Söktas Tekstil Sanayi Ve Ticaret A.S., through its subsidiaries, engages in the textile and dairy farming businesses in Turkey and internationally. The company produces and sells raw and finished fabrics. It is also involved in the dairy cow breeding, milk production, and raw milk sales activities; production of yarns; and transfer and twisting of cotton and fiber yarns. The company was incorpora… Read more