Turcas Petrol AS
Turcas Petrol A.S. operates as a petrol and energy-focused investment company in Turkey. It operates through Petrol and Electricity segments. The company's products include fuel, lubricants, and engine oil. It is also involved in the power generation activities. The company was founded in 1931 and is headquartered in Istanbul, Turkey. Turcas Petrol A.S. operates as a subsidiary of Aksoy Girisimci… Read more
Turcas Petrol AS (TRCAS) - Net Assets
Latest net assets as of June 2025: TL12.63 Billion TRY
Based on the latest financial reports, Turcas Petrol AS (TRCAS) has net assets worth TL12.63 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 (TL12.93 Billion) and total liabilities (TL294.63 Million). 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 | TL12.63 Billion |
| % of Total Assets | 97.72% |
| Annual Growth Rate | -28.3% |
| 5-Year Change | 2829.41% |
| 10-Year Change | 1586.49% |
| Growth Volatility | 136.22 |
Turcas Petrol AS - Net Assets Trend (2000–2024)
This chart illustrates how Turcas Petrol 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 Turcas Petrol AS (2000–2024)
The table below shows the annual net assets of Turcas Petrol AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL10.68 Billion | +66.42% |
| 2023-12-31 | TL6.42 Billion | +505.19% |
| 2022-12-31 | TL1.06 Billion | +455.56% |
| 2021-12-31 | TL190.91 Million | -47.65% |
| 2020-12-31 | TL364.67 Million | -29.93% |
| 2019-12-31 | TL520.41 Million | -7.19% |
| 2018-12-31 | TL560.73 Million | -18.61% |
| 2017-12-31 | TL688.95 Million | +7.55% |
| 2016-12-31 | TL640.57 Million | +1.13% |
| 2015-12-31 | TL633.42 Million | -6.85% |
| 2014-12-31 | TL680.03 Million | -3.77% |
| 2013-12-31 | TL706.70 Million | +2.00% |
| 2012-12-31 | TL692.82 Million | +10.10% |
| 2011-12-31 | TL629.28 Million | +14.91% |
| 2010-12-31 | TL547.61 Million | +8.62% |
| 2009-12-31 | TL504.14 Million | -0.30% |
| 2008-12-31 | TL505.66 Million | -1.06% |
| 2007-12-31 | TL511.10 Million | +17.05% |
| 2006-12-31 | TL436.66 Million | +98.94% |
| 2005-12-31 | TL219.49 Million | +26.89% |
| 2004-12-31 | TL172.97 Million | -100.00% |
| 2003-12-31 | TL134.87 Trillion | +54.19% |
| 2002-12-31 | TL87.47 Trillion | +61.68% |
| 2001-12-31 | TL54.10 Trillion | +72.68% |
| 2000-12-31 | TL31.33 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turcas Petrol 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 505517712600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.06 Billion | 47.32% |
| Other Components | TL5.63 Billion | 52.68% |
| Total Equity | TL10.68 Billion | 100.00% |
Turcas Petrol AS Competitors by Market Cap
The table below lists competitors of Turcas Petrol AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Quoc Cuong Gia Lai JSC
VN:QCG
|
$136.44 Million |
|
RCE Capital Berhad
KLSE:9296
|
$136.46 Million |
|
Evolution Petroleum Corporation Inc
NYSE MKT:EPM
|
$136.49 Million |
|
Nordfyns Bank A/S
CO:NRDF
|
$136.51 Million |
|
ITAB SHOP CONC. SK 0417
F:29I0
|
$136.31 Million |
|
Zhejiang Taitan Co Ltd
SHE:003036
|
$136.29 Million |
|
Viking Line Abp
HE:VIK1V
|
$136.29 Million |
|
Easy Trip Planners Limited
NSE:EASEMYTRIP
|
$136.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turcas Petrol AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,418,902,292 to 10,682,618,562, a change of 4,263,716,270 (66.4%).
- Net income of 898,039,598 contributed positively to equity growth.
- Dividend payments of 137,623,377 reduced retained earnings.
- Other factors increased equity by 3,503,300,049.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL898.04 Million | +8.41% |
| Dividends Paid | TL137.62 Million | -1.29% |
| Other Changes | TL3.50 Billion | +32.79% |
| Total Change | TL- | 66.42% |
Book Value vs Market Value Analysis
This analysis compares Turcas Petrol 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: 0.96x
- 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 14.99x to 0.96x 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 | TL2.77 | TL41.56 | x |
| 2018-12-31 | TL2.27 | TL41.56 | x |
| 2019-12-31 | TL2.11 | TL41.56 | x |
| 2020-12-31 | TL1.48 | TL41.56 | x |
| 2021-12-31 | TL0.77 | TL41.56 | x |
| 2022-12-31 | TL4.29 | TL41.56 | x |
| 2023-12-31 | TL25.97 | TL41.56 | x |
| 2024-12-31 | TL43.22 | TL41.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turcas Petrol 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): 8.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (8.41%) is below the historical average (10.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 33.57% | 1.68% | 4.52x | 4.43x | TL7.39 Trillion |
| 2002 | 19.08% | 1.28% | 5.34x | 2.78x | TL7.94 Trillion |
| 2003 | 25.42% | 2.27% | 6.16x | 1.82x | TL20.79 Trillion |
| 2004 | 11.24% | 1.13% | 6.18x | 1.61x | TL2.14 Million |
| 2005 | 21.19% | 2.51% | 6.47x | 1.31x | TL24.57 Million |
| 2006 | 58.98% | 28.55% | 2.02x | 1.02x | TL213.89 Million |
| 2007 | 21.04% | 3179.22% | 0.01x | 1.02x | TL56.44 Million |
| 2008 | 8.93% | 78.85% | 0.11x | 1.03x | TL-5.40 Million |
| 2009 | 5.48% | 61.39% | 0.09x | 1.03x | TL-22.77 Million |
| 2010 | 10.30% | 107.73% | 0.09x | 1.02x | TL1.62 Million |
| 2011 | 15.56% | 891.35% | 0.01x | 1.37x | TL34.99 Million |
| 2014 | -2.17% | -24.67% | 0.05x | 1.61x | TL-82.78 Million |
| 2015 | -5.75% | -4780.25% | 0.00x | 1.69x | TL-99.76 Million |
| 2016 | 2.82% | 0.00% | 0.00x | 1.81x | TL-45.75 Million |
| 2017 | 9.56% | 0.00% | 0.00x | 1.97x | TL-3.01 Million |
| 2018 | -22.73% | -274.53% | 0.03x | 2.41x | TL-183.53 Million |
| 2019 | -5.51% | -63.82% | 0.03x | 2.53x | TL-80.72 Million |
| 2020 | -34.00% | -193.86% | 0.05x | 3.60x | TL-160.47 Million |
| 2021 | -41.96% | -99.13% | 0.05x | 8.19x | TL-99.19 Million |
| 2022 | 74.78% | 0.00% | -0.04x | 1.41x | TL687.13 Million |
| 2023 | 18.59% | 0.00% | 0.00x | 1.07x | TL551.22 Million |
| 2024 | 8.41% | 0.00% | 0.00x | 1.00x | TL-170.22 Million |
Industry Comparison
This section compares Turcas Petrol AS's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $1,992,742,470
- Average return on equity (ROE) among peers: 1.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turcas Petrol AS (TRCAS) | TL12.63 Billion | 33.57% | 0.02x | $136.36 Million |
| Aksa Enerji Uretim AS (AKSEN) | $3.82 Billion | 8.62% | 1.23x | $544.58 Million |
| Dogu Aras Enerji Yatirimlari AS (ARASE) | $441.63 Million | 48.55% | 2.10x | $147.06 Million |
| Can2 Termik AS (CANTE) | $4.41 Billion | 48.47% | 0.72x | $185.94 Million |
| CATES ELEKTRIK (CATES) | $889.92 Million | -19.10% | 3.33x | $47.62 Million |
| IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) | $404.03 Million | -79.00% | 3.98x | $256.11 Million |