Turk Traktor ve Ziraat Makineleri AS Net Assets
Turk Traktor ve Ziraat Makineleri AS net assets. Based on the latest financial reports, Turk Traktor ve Ziraat Makineleri AS (TTRAK) has net assets worth TL18.98 Billion TRY (≈ $425.02 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL42.32 Billion ≈ $947.89 Million USD) and total liabilities (TL23.35 Billion ≈ $522.87 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 Turk Traktor ve Ziraat Makineleri AS (TTRAK) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL18.98 Billion |
| % of Total Assets | 44.84% |
| Annual Growth Rate | 22.33% |
| 5-Year Change | 714.96% |
| 10-Year Change | 2288.29% |
| Growth Volatility | 68.64 |
Net Assets of Turk Traktor ve Ziraat Makineleri AS (2003–2025)
Net assets of Turk Traktor ve Ziraat Makineleri AS from 2003 to 2025. This chart illustrates how Turk Traktor ve Ziraat Makineleri AS's net assets have evolved over time, based on quarterly financial data. See TTRAK net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Turk Traktor ve Ziraat Makineleri AS (2003–2025)
The table below shows the annual net assets of Turk Traktor ve Ziraat Makineleri AS from 2003 to 2025. For live market cap and overall valuation, see TTRAK market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL16.71 Billion ≈ $374.37 Million |
-1.49% |
| 2024-12-31 | TL16.97 Billion ≈ $380.03 Million |
+10.19% |
| 2023-12-31 | TL15.40 Billion ≈ $344.88 Million |
+323.23% |
| 2022-12-31 | TL3.64 Billion ≈ $81.49 Million |
+77.39% |
| 2021-12-31 | TL2.05 Billion ≈ $45.94 Million |
+42.31% |
| 2020-12-31 | TL1.44 Billion ≈ $32.28 Million |
+88.63% |
| 2019-12-31 | TL764.01 Million ≈ $17.11 Million |
+17.21% |
| 2018-12-31 | TL651.86 Million ≈ $14.60 Million |
-13.98% |
| 2017-12-31 | TL757.77 Million ≈ $16.97 Million |
+8.27% |
| 2016-12-31 | TL699.86 Million ≈ $15.68 Million |
+7.52% |
| 2015-12-31 | TL650.91 Million ≈ $14.58 Million |
-7.65% |
| 2014-12-31 | TL704.86 Million ≈ $15.79 Million |
-5.17% |
| 2013-12-31 | TL743.32 Million ≈ $16.65 Million |
+11.98% |
| 2012-12-31 | TL663.79 Million ≈ $14.87 Million |
+11.45% |
| 2011-12-31 | TL595.59 Million ≈ $13.34 Million |
+27.22% |
| 2010-12-31 | TL468.17 Million ≈ $10.49 Million |
+55.69% |
| 2009-12-31 | TL300.70 Million ≈ $6.73 Million |
+5.30% |
| 2008-12-31 | TL285.55 Million ≈ $6.40 Million |
+2.89% |
| 2007-12-31 | TL277.53 Million ≈ $6.22 Million |
-5.43% |
| 2006-12-31 | TL293.46 Million ≈ $6.57 Million |
+6.66% |
| 2005-12-31 | TL275.13 Million ≈ $6.16 Million |
+19.56% |
| 2004-12-31 | TL230.12 Million ≈ $5.15 Million |
+16.01% |
| 2003-12-31 | TL198.38 Million ≈ $4.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Turk Traktor ve Ziraat Makineleri 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 8586.2% over the analyzed period, indicating profitable operations and earnings retention.
Turk Traktor ve Ziraat Makineleri AS Net Assets Breakdown (December 2025)
Turk Traktor ve Ziraat Makineleri AS net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL9.76 Billion | 58.39% |
| Other Components | TL6.95 Billion | 41.61% |
| Total Equity | TL16.71 Billion | 100.00% |
Turk Traktor ve Ziraat Makineleri AS Competitors by Market Cap
The table below lists competitors of Turk Traktor ve Ziraat Makineleri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Tongxing Technology Co. Ltd. A
SHE:301252
|
$751.06 Million |
|
Metro Investment Development Co Ltd
SHG:600683
|
$751.21 Million |
|
Ningbo Bohui Chemical Technology
SHE:300839
|
$751.35 Million |
|
Guangdong Hongtu Technology Holdings Co Ltd
SHE:002101
|
$751.69 Million |
|
Hanilcmt Co Ltd
KO:300720
|
$750.06 Million |
|
Xinyaqiang Silicon Chemistry Co Ltd
SHG:603155
|
$749.77 Million |
|
Navigator Global Investments Ltd
AU:NGI
|
$749.77 Million |
|
Wuxi Jinyang New Materials Co. Ltd. A
SHE:301210
|
$749.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turk Traktor ve Ziraat Makineleri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,967,510,137 to 16,714,729,077, a change of -252,781,060 (-1.5%).
- Net income of 454,804,634 contributed positively to equity growth.
- Dividend payments of 5,767,820,622 reduced retained earnings.
- Other factors increased equity by 5,060,234,928.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL454.80 Million | +2.72% |
| Dividends Paid | TL5.77 Billion | -34.51% |
| Other Changes | TL5.06 Billion | +30.27% |
| Total Change | TL- | -1.49% |
Book Value vs Market Value Analysis
This analysis compares Turk Traktor ve Ziraat Makineleri 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: 2.01x
- 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 23.59x to 2.01x 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 | TL14.20 | TL335.00 | x |
| 2018-12-31 | TL12.21 | TL335.00 | x |
| 2019-12-31 | TL14.32 | TL335.00 | x |
| 2020-12-31 | TL27.00 | TL335.00 | x |
| 2021-12-31 | TL38.43 | TL335.00 | x |
| 2022-12-31 | TL68.17 | TL335.00 | x |
| 2023-12-31 | TL153.88 | TL335.00 | x |
| 2024-12-31 | TL169.56 | TL335.00 | x |
| 2025-12-31 | TL167.04 | TL335.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turk Traktor ve Ziraat Makineleri 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): 2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.84%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 2.37x
- Recent ROE (2.72%) is below the historical average (40.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 28.72% | 12.92% | 1.23x | 1.80x | TL37.13 Million |
| 2004 | 37.42% | 15.68% | 1.28x | 1.86x | TL63.11 Million |
| 2005 | 34.04% | 19.42% | 1.33x | 1.32x | TL66.15 Million |
| 2006 | 38.77% | 23.07% | 1.32x | 1.28x | TL84.43 Million |
| 2007 | 32.81% | 17.85% | 1.26x | 1.46x | TL63.31 Million |
| 2008 | 23.39% | 8.48% | 0.82x | 3.37x | TL38.24 Million |
| 2009 | 10.29% | 4.64% | 0.94x | 2.37x | TL884.90K |
| 2010 | 38.39% | 15.06% | 1.35x | 1.89x | TL132.90 Million |
| 2011 | 46.58% | 15.41% | 1.45x | 2.08x | TL217.86 Million |
| 2012 | 40.40% | 13.59% | 1.50x | 1.99x | TL201.82 Million |
| 2013 | 37.66% | 12.87% | 1.46x | 2.01x | TL205.57 Million |
| 2014 | 37.04% | 9.59% | 1.42x | 2.72x | TL190.60 Million |
| 2015 | 39.45% | 8.28% | 1.54x | 3.10x | TL191.71 Million |
| 2016 | 52.84% | 10.74% | 1.50x | 3.29x | TL299.81 Million |
| 2017 | 42.33% | 7.61% | 1.51x | 3.68x | TL244.98 Million |
| 2018 | 36.83% | 6.14% | 1.26x | 4.75x | TL174.92 Million |
| 2019 | 14.65% | 2.94% | 1.31x | 3.82x | TL35.49 Million |
| 2020 | 53.88% | 12.44% | 1.36x | 3.19x | TL632.33 Million |
| 2021 | 64.47% | 11.35% | 1.91x | 2.98x | TL1.12 Billion |
| 2022 | 81.66% | 13.61% | 1.58x | 3.79x | TL2.61 Billion |
| 2023 | 87.59% | 15.99% | 2.60x | 2.11x | TL11.95 Billion |
| 2024 | 44.28% | 8.57% | 2.44x | 2.12x | TL5.82 Billion |
| 2025 | 2.72% | 0.84% | 1.36x | 2.37x | TL-1.22 Billion |
Industry Comparison
This section compares Turk Traktor ve Ziraat Makineleri AS's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $5,290,822,658
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turk Traktor ve Ziraat Makineleri AS (TTRAK) | TL18.98 Billion | 28.72% | 1.23x | $750.82 Million |
| Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) | $7.23 Billion | 2.48% | 1.87x | $129.21 Million |
| Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS (KATMR) | $62.68 Million | 29.71% | 2.65x | $49.19 Million |
| Tumosan Motor ve Traktor Sanayi AS (TMSN) | $8.58 Billion | -6.96% | 0.90x | $112.51 Million |
About Turk Traktor ve Ziraat Makineleri AS
Türk Traktör ve Ziraat Makineleri A.S. engages in the manufacture and sale of tractor and agricultural equipment worldwide. It also offers construction equipment. The company offers its products under the New Holland, Case, TürkTraktör, New Holland Construction, Case Construction, Tarlam cepte, Hassas Tarim, and Servisim brands. Türk Traktör ve Ziraat Makineleri A.S. was formerly known as Minneap… Read more