Tureks Turizm Tasimacilik AS (TUREX) - Net Assets
Based on the latest financial reports, Tureks Turizm Tasimacilik AS (TUREX) has net assets worth TL374.83 Million TRY (≈ $8.40 Million USD) as of March 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL617.99 Million ≈ $13.84 Million USD) and total liabilities (TL243.17 Million ≈ $5.45 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. Check Tureks Turizm Tasimacilik AS (TUREX) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL374.83 Million |
| % of Total Assets | 60.65% |
| Annual Growth Rate | 136.55% |
| 5-Year Change | 3729.56% |
| 10-Year Change | N/A |
| Growth Volatility | 101.79 |
Tureks Turizm Tasimacilik AS - Net Assets Trend (2018–2023)
This chart illustrates how Tureks Turizm Tasimacilik AS's net assets have evolved over time, based on quarterly financial data. Also explore TUREX asset base for the complete picture of this company's asset base.
Annual Net Assets for Tureks Turizm Tasimacilik AS (2018–2023)
The table below shows the annual net assets of Tureks Turizm Tasimacilik AS from 2018 to 2023. For live valuation and market cap data, see market value of Tureks Turizm Tasimacilik AS.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL5.29 Billion ≈ $118.47 Million |
+258.23% |
| 2022-12-31 | TL1.48 Billion ≈ $33.07 Million |
+298.68% |
| 2021-12-31 | TL370.36 Million ≈ $8.30 Million |
+71.04% |
| 2020-12-31 | TL216.53 Million ≈ $4.85 Million |
+56.77% |
| 2019-12-31 | TL138.12 Million ≈ $3.09 Million |
+93.27% |
| 2018-12-31 | TL71.46 Million ≈ $1.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tureks Turizm Tasimacilik 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 6790.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.24 Billion | 23.45% |
| Other Components | TL4.05 Billion | 76.55% |
| Total Equity | TL5.29 Billion | 100.00% |
Tureks Turizm Tasimacilik AS Competitors by Market Cap
The table below lists competitors of Tureks Turizm Tasimacilik AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sound Point Meridian Capital, Inc.
NYSE:SPMC
|
$211.44 Million |
|
Starpharma Holdings Ltd
AU:SPL
|
$211.46 Million |
|
Sentral REIT
KLSE:5123
|
$211.61 Million |
|
eGain Corporation
NASDAQ:EGAN
|
$211.69 Million |
|
Ohio Valley Banc Corp
NASDAQ:OVBC
|
$211.38 Million |
|
Nova Minerals Ltd
AU:NVA
|
$211.37 Million |
|
Ocean Plastics Co Ltd
TW:1321
|
$211.37 Million |
|
Black Rock Coffee Bar, Inc. Class A Common Stock
NASDAQ:BRCB
|
$211.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tureks Turizm Tasimacilik AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,475,800,000 to 5,288,003,000, a change of 3,812,203,000 (258.3%).
- Net income of 674,549,000 contributed positively to equity growth.
- Other factors increased equity by 3,137,654,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL674.55 Million | +12.76% |
| Other Changes | TL3.14 Billion | +59.34% |
| Total Change | TL- | 258.31% |
Book Value vs Market Value Analysis
This analysis compares Tureks Turizm Tasimacilik 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: 1.79x
- 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 13.21x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL0.66 | TL8.74 | x |
| 2019-12-31 | TL1.28 | TL8.74 | x |
| 2020-12-31 | TL2.00 | TL8.74 | x |
| 2021-12-31 | TL3.42 | TL8.74 | x |
| 2022-12-31 | TL1.37 | TL8.74 | x |
| 2023-12-31 | TL4.90 | TL8.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tureks Turizm Tasimacilik 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): 12.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.10%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.42x
- Recent ROE (12.76%) is below the historical average (17.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 16.42% | 3.13% | 1.61x | 3.26x | TL4.59 Million |
| 2019 | 34.85% | 10.25% | 1.55x | 2.20x | TL34.30 Million |
| 2020 | 27.85% | 12.84% | 1.18x | 1.84x | TL38.62 Million |
| 2021 | 14.16% | 8.85% | 1.09x | 1.47x | TL15.37 Million |
| 2022 | 1.55% | 0.94% | 1.05x | 1.56x | TL-124.72 Million |
| 2023 | 12.76% | 14.10% | 0.64x | 1.42x | TL145.75 Million |
Industry Comparison
This section compares Tureks Turizm Tasimacilik AS's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $6,176,063,848
- Average return on equity (ROE) among peers: 26.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tureks Turizm Tasimacilik AS (TUREX) | TL374.83 Million | 16.42% | 0.65x | $211.41 Million |
| GurSel Turizm Tasimacilik Ve Servis Ticaret AS (GRSEL) | $6.18 Billion | 26.72% | 0.52x | $683.08 Million |
About Tureks Turizm Tasimacilik AS
Tureks Turizm Tasimacilik Anonim Sirketi engages in group transportation, and fleet and individual vehicle rental activities in Turkey. The company offers personnel, students, and public transportation, as well as fleet leasing and tourism services. It is also involved in special purpose projects, such as mobile coordination, mobile nursery, mobile kitchen, mobile health, mobile health screening,… Read more