Tat Gida Sanayi AS (TATGD) - Net Assets
Based on the latest financial reports, Tat Gida Sanayi AS (TATGD) has net assets worth TL3.64 Billion TRY (≈ $81.42 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 (TL8.35 Billion ≈ $187.04 Million USD) and total liabilities (TL4.72 Billion ≈ $105.63 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. Also explore total assets of Tat Gida Sanayi AS for the complete picture of this company's asset base.
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. Check TATGD goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see Tat Gida Sanayi AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.09 Billion ≈ $69.14 Million |
+30.97% |
| 2023-12-31 | TL2.36 Billion ≈ $52.79 Million |
+113.46% |
| 2022-12-31 | TL1.10 Billion ≈ $24.73 Million |
+24.73% |
| 2021-12-31 | TL885.21 Million ≈ $19.83 Million |
+25.61% |
| 2020-12-31 | TL704.75 Million ≈ $15.78 Million |
+25.72% |
| 2019-12-31 | TL560.58 Million ≈ $12.56 Million |
+11.92% |
| 2018-12-31 | TL500.88 Million ≈ $11.22 Million |
+1.60% |
| 2017-12-31 | TL492.98 Million ≈ $11.04 Million |
+6.95% |
| 2016-12-31 | TL460.96 Million ≈ $10.32 Million |
+10.21% |
| 2015-12-31 | TL418.27 Million ≈ $9.37 Million |
+19.52% |
| 2014-12-31 | TL349.96 Million ≈ $7.84 Million |
+57.77% |
| 2013-12-31 | TL221.81 Million ≈ $4.97 Million |
-4.37% |
| 2012-12-31 | TL231.95 Million ≈ $5.20 Million |
-1.65% |
| 2011-12-31 | TL235.83 Million ≈ $5.28 Million |
+1.13% |
| 2010-12-31 | TL233.21 Million ≈ $5.22 Million |
+17.27% |
| 2009-12-31 | TL198.85 Million ≈ $4.45 Million |
+25.55% |
| 2008-12-31 | TL158.39 Million ≈ $3.55 Million |
+6.61% |
| 2007-12-31 | TL148.57 Million ≈ $3.33 Million |
+104.87% |
| 2006-12-31 | TL72.52 Million ≈ $1.62 Million |
-22.72% |
| 2005-12-31 | TL93.83 Million ≈ $2.10 Million |
-15.84% |
| 2004-12-31 | TL111.50 Million ≈ $2.50 Million |
-100.00% |
| 2003-12-31 | TL146.06 Trillion ≈ $3.27 Trillion |
+330.71% |
| 2001-12-31 | TL33.91 Trillion ≈ $759.53 Billion |
+52.57% |
| 2000-12-31 | TL22.23 Trillion ≈ $497.81 Billion |
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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 |
|---|---|
|
I Jang Industrial Co Ltd
TWO:8342
|
$93.51 Million |
|
JLK Inc
KQ:322510
|
$93.54 Million |
|
Cognition Therapeutics Inc
NASDAQ:CGTX
|
$93.57 Million |
|
Investeringsselskabet Luxor A/S
CO:LUXOR-B
|
$93.58 Million |
|
Shinsegae Food
KO:031440
|
$93.47 Million |
|
Shun On Electronic Co Ltd
TW:6283
|
$93.47 Million |
|
Phoenix Group Holdings PLC
LSE:PHNX
|
$93.45 Million |
|
Cemacon Zalau
RO:CEON
|
$93.42 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: 1.31x
- 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 4.70x to 1.31x 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 | TL17.05 | x |
| 2018-12-31 | TL3.68 | TL17.05 | x |
| 2019-12-31 | TL4.12 | TL17.05 | x |
| 2020-12-31 | TL5.18 | TL17.05 | x |
| 2021-12-31 | TL6.51 | TL17.05 | x |
| 2022-12-31 | TL8.12 | TL17.05 | x |
| 2023-12-31 | TL17.33 | TL17.05 | x |
| 2024-12-31 | TL13.05 | TL17.05 | 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: $440,746,575
- Average return on equity (ROE) among peers: -31.59%
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 | $93.48 Million |
| Atakey Patates Gida Sanayi ve Ticaret A.S. (ATAKP) | $1.56 Billion | 59.44% | 0.90x | $157.73 Million |
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS (AVOD) | $90.07 Million | -4.33% | 2.39x | $23.10 Million |
| Banvit Bandirma Vitaminli Yem Sanayi AS (BANVT) | $91.58 Million | -22.53% | 9.80x | $345.45 Million |
| Dardanel Onentas Gida Sanayi AS (DARDL) | $-167.09 Million | 0.00% | 0.00x | $86.11 Million |
| Eksun Gida Tarim Sanayi ve Ticaret A.S. (EKSUN) | $716.53 Million | 9.05% | 2.97x | $80.77 Million |
| ERSU Meyve ve Gida Sanayi AS (ERSU) | $20.71 Million | 0.00% | 0.37x | $18.51 Million |
| Fade Gida Yatirim Sanayi Ticaret As (FADE) | $1.78 Billion | -3.42% | 0.31x | $29.03 Million |
| Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) | $7.58 Million | -18.60% | 3.72x | $13.59 Million |
| Goknur Gida Maddeleri Enerji Imalati Ithalat Ihracat Ticaret ve Sanayi A.S. (GOKNR) | $292.84 Million | 23.25% | 3.74x | $179.99 Million |
| Kerevitas Gida Sanayi ve Ticaret AS (KERVT) | $23.74 Million | -358.72% | 26.84x | $212.77 Million |
About 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