Tat Gida Sanayi AS
Tat Gida Sanayi A.S., together with its subsidiaries, engages in the production and sale of tomato and canned products in Turkey and internationally. Its products include tomato pastes, sauces, convenience food, and pickles. It also offers food, beverages, agricultural, and animal foodstuffs and products; and frozen, dried, and powdered raw materials, including processed varieties, and auxiliary … Read more
Tat Gida Sanayi AS (TATGD) - Net Assets
Latest net assets as of June 2025: TL3.64 Billion TRY
Based on the latest financial reports, Tat Gida Sanayi AS (TATGD) has net assets worth TL3.64 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 (TL8.35 Billion) and total liabilities (TL4.72 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 | TL3.64 Billion |
| % of Total Assets | 43.53% |
| Annual Growth Rate | -30.93% |
| 5-Year Change | 338.03% |
| 10-Year Change | 638.03% |
| Growth Volatility | 75.75 |
Tat Gida Sanayi AS - Net Assets Trend (2000–2024)
This chart illustrates how Tat Gida 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 Tat Gida Sanayi AS (2000–2024)
The table below shows the annual net assets of Tat Gida Sanayi AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.09 Billion | +30.97% |
| 2023-12-31 | TL2.36 Billion | +113.46% |
| 2022-12-31 | TL1.10 Billion | +24.73% |
| 2021-12-31 | TL885.21 Million | +25.61% |
| 2020-12-31 | TL704.75 Million | +25.72% |
| 2019-12-31 | TL560.58 Million | +11.92% |
| 2018-12-31 | TL500.88 Million | +1.60% |
| 2017-12-31 | TL492.98 Million | +6.95% |
| 2016-12-31 | TL460.96 Million | +10.21% |
| 2015-12-31 | TL418.27 Million | +19.52% |
| 2014-12-31 | TL349.96 Million | +57.77% |
| 2013-12-31 | TL221.81 Million | -4.37% |
| 2012-12-31 | TL231.95 Million | -1.65% |
| 2011-12-31 | TL235.83 Million | +1.13% |
| 2010-12-31 | TL233.21 Million | +17.27% |
| 2009-12-31 | TL198.85 Million | +25.55% |
| 2008-12-31 | TL158.39 Million | +6.61% |
| 2007-12-31 | TL148.57 Million | +104.87% |
| 2006-12-31 | TL72.52 Million | -22.72% |
| 2005-12-31 | TL93.83 Million | -15.84% |
| 2004-12-31 | TL111.50 Million | -100.00% |
| 2003-12-31 | TL146.06 Trillion | +330.71% |
| 2001-12-31 | TL33.91 Trillion | +52.57% |
| 2000-12-31 | TL22.23 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tat Gida 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 decreased by 40536748700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL3.49 Billion | 113.13% |
| Total Equity | TL3.09 Billion | 100.00% |
Tat Gida Sanayi AS Competitors by Market Cap
The table below lists competitors of Tat Gida Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sequans Communications SA
NYSE:SQNS
|
$51.19 Million |
|
Humanica Public Company Limited
BK:HUMAN
|
$51.19 Million |
|
SuNam Co. Ltd
KQ:294630
|
$51.20 Million |
|
9F Inc
NASDAQ:JFU
|
$51.21 Million |
|
Tecogen Inc.
NYSE:TGEN
|
$51.15 Million |
|
Seohee Construction Co. Ltd
KQ:035890
|
$51.14 Million |
|
Binh Thanh Import Export Production and Trade JSC
VN:GIL
|
$51.14 Million |
|
Rishabh Instruments Limited
NSE:RISHABH
|
$51.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tat Gida Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,356,962,913 to 3,086,969,989, a change of 730,007,076 (31.0%).
- Net loss of 405,367,487 reduced equity.
- Other factors increased equity by 1,135,374,563.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-405.37 Million | -13.13% |
| Other Changes | TL1.14 Billion | +36.78% |
| Total Change | TL- | 30.97% |
Book Value vs Market Value Analysis
This analysis compares Tat Gida 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: 1.36x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.88x to 1.36x 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 | TL3.62 | TL17.69 | x |
| 2018-12-31 | TL3.68 | TL17.69 | x |
| 2019-12-31 | TL4.12 | TL17.69 | x |
| 2020-12-31 | TL5.18 | TL17.69 | x |
| 2021-12-31 | TL6.51 | TL17.69 | x |
| 2022-12-31 | TL8.12 | TL17.69 | x |
| 2023-12-31 | TL17.33 | TL17.69 | x |
| 2024-12-31 | TL13.05 | TL17.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tat Gida 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): -13.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.40%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.49x
- Recent ROE (-13.13%) is below the historical average (9.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.35% | 0.35% | 1.30x | 3.00x | TL-17.21 Million |
| 2013 | 1.24% | 0.31% | 1.40x | 2.81x | TL-17.68 Million |
| 2014 | 7.93% | 3.39% | 1.23x | 1.90x | TL-7.26 Million |
| 2015 | 16.09% | 7.39% | 1.39x | 1.56x | TL25.49 Million |
| 2016 | 14.04% | 6.59% | 1.42x | 1.50x | TL18.60 Million |
| 2017 | 12.41% | 5.70% | 1.37x | 1.59x | TL11.89 Million |
| 2018 | 7.70% | 3.34% | 1.34x | 1.73x | TL-11.51 Million |
| 2019 | 11.80% | 5.79% | 1.11x | 1.83x | TL10.10 Million |
| 2020 | 23.74% | 20.83% | 0.61x | 1.86x | TL96.80 Million |
| 2021 | 25.21% | 20.44% | 0.67x | 1.85x | TL134.67 Million |
| 2022 | 26.74% | 10.60% | 0.63x | 4.02x | TL184.85 Million |
| 2023 | -5.28% | -1.50% | 1.26x | 2.80x | TL-360.21 Million |
| 2024 | -13.13% | -6.40% | 0.82x | 2.49x | TL-714.06 Million |
Industry Comparison
This section compares Tat Gida Sanayi AS's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,493,499,442
- Average return on equity (ROE) among peers: 12.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tat Gida Sanayi AS (TATGD) | TL3.64 Billion | 1.35% | 1.30x | $51.16 Million |
| Atakey Patates Gida Sanayi ve Ticaret A.S. (ATAKP) | $3.07 Billion | 9.64% | 0.33x | $11.81 Million |
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS (AVOD) | $489.33 Million | 23.15% | 0.48x | $32.74 Million |
| Banvit Bandirma Vitaminli Yem Sanayi AS (BANVT) | $6.35 Billion | 21.63% | 1.48x | $36.03 Million |
| Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi (BESLR) | $12.47 Billion | 12.12% | 1.23x | $61.42 Million |
| Dardanel Onentas Gida Sanayi AS (DARDL) | $-202.44 Million | 0.00% | 0.00x | $42.55 Million |
| Dmr Unlu Mamuller Uretim Gida Toptan Perakende Ihracat A.S. (DMRGD) | $497.09 Million | -5.37% | 1.70x | $82.71 Million |
| DURUKAN SEKERLEME (DURKN) | $1.72 Billion | 5.87% | 0.56x | $6.37 Million |
| Eksun Gida Tarim Sanayi ve Ticaret A.S. (EKSUN) | $73.02 Million | 15.87% | 9.10x | $8.54 Million |
| ERSU Meyve ve Gida Sanayi AS (ERSU) | $44.15 Million | 0.14% | 0.19x | $15.35 Million |
| Fade Gida Yatirim Sanayi Ticaret As (FADE) | $423.38 Million | 41.75% | 0.35x | $13.74 Million |