Turkiye Petrol Rafinerileri AS
Türkiye Petrol Rafinerileri A.S., together with its subsidiaries, engages in the refining crude oil, petroleum, and chemical products in Turkey and internationally. The company operates through Refining and Electric segments. It is involved in purchasing, selling, importing, exporting, storing, and marketing petroleum products, liquid petroleum gas, and natural gas. The company's products include… Read more
Turkiye Petrol Rafinerileri AS (TUPRS) - Net Assets
Latest net assets as of September 2025: TL348.46 Billion TRY
Based on the latest financial reports, Turkiye Petrol Rafinerileri AS (TUPRS) has net assets worth TL348.46 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL610.14 Billion) and total liabilities (TL261.69 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 | TL348.46 Billion |
| % of Total Assets | 57.11% |
| Annual Growth Rate | -27.41% |
| 5-Year Change | 2352.32% |
| 10-Year Change | 3320.56% |
| Growth Volatility | 72.01 |
Turkiye Petrol Rafinerileri AS - Net Assets Trend (2000–2024)
This chart illustrates how Turkiye Petrol Rafinerileri 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 Turkiye Petrol Rafinerileri AS (2000–2024)
The table below shows the annual net assets of Turkiye Petrol Rafinerileri AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL286.25 Billion | +41.05% |
| 2023-12-31 | TL202.94 Billion | +202.06% |
| 2022-12-31 | TL67.19 Billion | +276.87% |
| 2021-12-31 | TL17.83 Billion | +52.73% |
| 2020-12-31 | TL11.67 Billion | -9.96% |
| 2019-12-31 | TL12.96 Billion | +30.34% |
| 2018-12-31 | TL9.95 Billion | -5.08% |
| 2017-12-31 | TL10.48 Billion | +28.29% |
| 2016-12-31 | TL8.17 Billion | -2.41% |
| 2015-12-31 | TL8.37 Billion | +34.70% |
| 2014-12-31 | TL6.21 Billion | +20.90% |
| 2013-12-31 | TL5.14 Billion | +5.09% |
| 2012-12-31 | TL4.89 Billion | +10.98% |
| 2011-12-31 | TL4.41 Billion | +12.93% |
| 2010-12-31 | TL3.90 Billion | +3.22% |
| 2009-12-31 | TL3.78 Billion | +6.28% |
| 2008-12-31 | TL3.56 Billion | -14.21% |
| 2007-12-31 | TL4.15 Billion | +18.83% |
| 2006-12-31 | TL3.49 Billion | +6.62% |
| 2005-12-31 | TL3.27 Billion | -100.00% |
| 2004-12-31 | TL3156.52 Trillion | +31.93% |
| 2003-12-31 | TL2392.62 Trillion | +34.29% |
| 2002-12-31 | TL1781.67 Trillion | +30.94% |
| 2001-12-31 | TL1360.72 Trillion | +117.94% |
| 2000-12-31 | TL624.34 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turkiye Petrol Rafinerileri 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 20369929800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL203.70 Billion | 72.18% |
| Other Components | TL78.52 Billion | 27.82% |
| Total Equity | TL282.22 Billion | 100.00% |
Turkiye Petrol Rafinerileri AS Competitors by Market Cap
The table below lists competitors of Turkiye Petrol Rafinerileri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avenue Supermarts Limited
NSE:DMART
|
$6.39 Billion |
|
MarketAxess Holdings Inc
NASDAQ:MKTX
|
$6.40 Billion |
|
Prada Spa PK
PINK:PRDSY
|
$6.40 Billion |
|
Voya Financial Inc
NYSE:VOYA
|
$6.41 Billion |
|
DCC plc
PINK:DCCPF
|
$6.39 Billion |
|
Shenzhen Sunway Communication
SHE:300136
|
$6.39 Billion |
|
The Lottery Corporation Limited
PINK:LTRCF
|
$6.38 Billion |
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
$6.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turkiye Petrol Rafinerileri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 200,763,253,000 to 282,215,289,000, a change of 81,452,036,000 (40.6%).
- Net income of 18,315,157,000 contributed positively to equity growth.
- Dividend payments of 48,763,522,000 reduced retained earnings.
- Other factors increased equity by 111,900,401,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL18.32 Billion | +6.49% |
| Dividends Paid | TL48.76 Billion | -17.28% |
| Other Changes | TL111.90 Billion | +39.65% |
| Total Change | TL- | 40.57% |
Book Value vs Market Value Analysis
This analysis compares Turkiye Petrol Rafinerileri 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: 1.72x
- 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 6.07x to 1.72x 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 | TL41.42 | TL251.50 | x |
| 2018-12-31 | TL39.23 | TL251.50 | x |
| 2019-12-31 | TL51.76 | TL251.50 | x |
| 2020-12-31 | TL45.71 | TL251.50 | x |
| 2021-12-31 | TL70.11 | TL251.50 | x |
| 2022-12-31 | TL34.64 | TL251.50 | x |
| 2023-12-31 | TL104.20 | TL251.50 | x |
| 2024-12-31 | TL146.47 | TL251.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turkiye Petrol Rafinerileri 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): 6.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.26%
- • Asset Turnover: 1.78x
- • Equity Multiplier: 1.61x
- Recent ROE (6.49%) is below the historical average (21.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 4.73% | 0.78% | 2.83x | 2.13x | TL-71.70 Trillion |
| 2002 | 9.32% | 1.92% | 2.29x | 2.12x | TL-12.08 Trillion |
| 2003 | 19.87% | 5.10% | 2.21x | 1.76x | TL234.50 Trillion |
| 2004 | 19.31% | 5.27% | 2.21x | 1.65x | TL292.01 Trillion |
| 2005 | 20.24% | 4.44% | 2.59x | 1.76x | TL333.19 Million |
| 2006 | 23.76% | 4.09% | 2.88x | 2.02x | TL476.27 Million |
| 2007 | 31.57% | 5.76% | 2.48x | 2.21x | TL886.85 Million |
| 2008 | 12.29% | 1.42% | 3.53x | 2.45x | TL80.40 Million |
| 2009 | 21.63% | 3.98% | 1.99x | 2.73x | TL436.23 Million |
| 2010 | 19.06% | 2.81% | 1.88x | 3.60x | TL350.50 Million |
| 2011 | 28.42% | 3.00% | 2.81x | 3.38x | TL804.74 Million |
| 2012 | 30.14% | 3.10% | 2.75x | 3.53x | TL976.13 Million |
| 2013 | 23.50% | 2.91% | 1.94x | 4.15x | TL687.86 Million |
| 2014 | 23.70% | 3.67% | 1.81x | 3.56x | TL843.29 Million |
| 2015 | 30.71% | 6.91% | 1.45x | 3.07x | TL1.72 Billion |
| 2016 | 22.17% | 5.14% | 1.12x | 3.86x | TL984.43 Million |
| 2017 | 36.74% | 7.07% | 1.41x | 3.68x | TL2.77 Billion |
| 2018 | 37.79% | 4.19% | 2.21x | 4.08x | TL2.73 Billion |
| 2019 | 4.06% | 0.59% | 1.61x | 4.28x | TL-770.45 Million |
| 2020 | -21.78% | -3.94% | 1.03x | 5.34x | TL-3.64 Billion |
| 2021 | 18.90% | 2.20% | 1.47x | 5.84x | TL1.56 Billion |
| 2022 | 61.50% | 8.52% | 2.85x | 2.53x | TL34.37 Billion |
| 2023 | 38.53% | 7.80% | 2.70x | 1.83x | TL57.28 Billion |
| 2024 | 6.49% | 2.26% | 1.78x | 1.61x | TL-9.91 Billion |
Industry Comparison
This section compares Turkiye Petrol Rafinerileri AS's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $1,754,780,350
- Average return on equity (ROE) among peers: -14.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turkiye Petrol Rafinerileri AS (TUPRS) | TL348.46 Billion | 4.73% | 0.75x | $6.39 Billion |
| Mepet Metro Petrol ve Tesisleri Sanayi Ticaret AS (MEPET) | $1.75 Billion | -14.47% | 0.27x | $27.89 Million |