TGS Dis Ticaret AS
TGS Dis Ticaret Anonim Sirketi provides intermediary services to exporters companies in Turkey. Its primary business is to mediate the export activities of the manufacturers and to collect the value added tax refunds on behalf of its customers due to their export transactions in the textile, mining, and other sectors. The company was incorporated in 1999 and is headquartered in Istanbul, Turkey.
TGS Dis Ticaret AS (TGSAS) - Net Assets
Latest net assets as of June 2025: TL256.14 Million TRY
Based on the latest financial reports, TGS Dis Ticaret AS (TGSAS) has net assets worth TL256.14 Million TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL18.07 Billion) and total liabilities (TL17.82 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 | TL256.14 Million |
| % of Total Assets | 1.42% |
| Annual Growth Rate | N/A |
| 5-Year Change | 327.09% |
| 10-Year Change | 830.53% |
| Growth Volatility | 207.77 |
TGS Dis Ticaret AS - Net Assets Trend (2008–2024)
This chart illustrates how TGS Dis Ticaret 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 TGS Dis Ticaret AS (2008–2024)
The table below shows the annual net assets of TGS Dis Ticaret AS from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL226.51 Million | +25.28% |
| 2023-12-31 | TL180.80 Million | +107.50% |
| 2022-12-31 | TL87.14 Million | +30.10% |
| 2021-12-31 | TL66.98 Million | +26.29% |
| 2020-12-31 | TL53.04 Million | +6.40% |
| 2019-12-31 | TL49.85 Million | +25.16% |
| 2018-12-31 | TL39.83 Million | +35.59% |
| 2017-12-31 | TL29.37 Million | +8.07% |
| 2016-12-31 | TL27.18 Million | +11.66% |
| 2015-12-31 | TL24.34 Million | +10.75% |
| 2014-12-31 | TL21.98 Million | +6.20% |
| 2013-12-31 | TL20.70 Million | -1.23% |
| 2012-12-31 | TL20.95 Million | +445.65% |
| 2011-12-31 | TL3.84 Million | +129.53% |
| 2010-12-31 | TL1.67 Million | +771.35% |
| 2009-12-31 | TL192.00K | +136.09% |
| 2008-12-31 | TL-532.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to TGS Dis 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 grown by 12844196200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL128.44 Million | 56.71% |
| Other Components | TL98.05 Million | 43.29% |
| Total Equity | TL226.49 Million | 100.00% |
TGS Dis Ticaret AS Competitors by Market Cap
The table below lists competitors of TGS Dis Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
B1Q
F:B1Q
|
$35.95 Million |
|
Ten Ren Tea Co Ltd
TW:1233
|
$35.95 Million |
|
Ramssol Group Bhd
KLSE:0236
|
$35.97 Million |
|
Daily Polymer
TWO:4716
|
$35.99 Million |
|
Dmg Blockchain Solutions Inc
OTCQB:DMGGF
|
$35.94 Million |
|
Delta Lithium Ltd
AU:DLI
|
$35.94 Million |
|
Aallon Group Oyj
HE:AALLON
|
$35.93 Million |
|
Professional Computer Technology Ltd
TWO:6270
|
$35.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TGS Dis Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 180,766,856 to 226,493,919, a change of 45,727,063 (25.3%).
- Net income of 89,311,457 contributed positively to equity growth.
- New share issuances of 18,297,194 increased equity.
- Other factors decreased equity by 61,881,588.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL89.31 Million | +39.43% |
| Share Issuances | TL18.30 Million | +8.08% |
| Other Changes | TL-61.88 Million | -27.32% |
| Total Change | TL- | 25.30% |
Book Value vs Market Value Analysis
This analysis compares TGS Dis 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: 11.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 85.63x to 11.41x 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 | TL2.01 | TL172.30 | x |
| 2018-12-31 | TL2.73 | TL172.30 | x |
| 2019-12-31 | TL3.41 | TL172.30 | x |
| 2020-12-31 | TL3.63 | TL172.30 | x |
| 2021-12-31 | TL4.47 | TL172.30 | x |
| 2022-12-31 | TL5.81 | TL172.30 | x |
| 2023-12-31 | TL12.05 | TL172.30 | x |
| 2024-12-31 | TL15.10 | TL172.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TGS Dis 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): 39.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 40.84%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 91.69x
- Recent ROE (39.43%) is above the historical average (16.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 14.89% | 36.56% | 0.02x | 25.57x | TL1.03 Million |
| 2013 | 4.22% | 17.27% | 0.01x | 33.01x | TL-1.20 Million |
| 2014 | 10.44% | 34.58% | 0.01x | 23.42x | TL97.60K |
| 2015 | 9.75% | 18.44% | 0.01x | 36.95x | TL-60.08K |
| 2016 | 10.45% | 30.47% | 0.01x | 45.73x | TL122.46K |
| 2017 | 7.49% | 22.72% | 0.01x | 49.74x | TL-738.07K |
| 2018 | 26.72% | 54.20% | 0.01x | 63.65x | TL6.66 Million |
| 2019 | 23.18% | 44.27% | 0.01x | 55.25x | TL6.57 Million |
| 2020 | 6.04% | 18.11% | 0.01x | 47.42x | TL-2.10 Million |
| 2021 | 20.20% | 50.34% | 0.01x | 44.25x | TL6.83 Million |
| 2022 | 24.28% | 32.13% | 0.02x | 47.48x | TL12.44 Million |
| 2023 | 18.86% | 19.29% | 0.02x | 46.95x | TL16.01 Million |
| 2024 | 39.43% | 40.84% | 0.01x | 91.69x | TL66.66 Million |
Industry Comparison
This section compares TGS Dis Ticaret AS's net assets metrics with peer companies in the Industrial Distribution industry.
No peer company data available for comparison.