Türk Traktör ve Ziraat Makineleri A.S
Türk Traktör ve Ziraat Makineleri A.S. manufactures and sells farm tractors, harvesters, and other agricultural machineries and equipment. The company also offers construction equipment, such as skid steer loaders, backhoe loaders, compact wheel loaders, wheel loaders, mini excavators, crawler excavators, and telehandlers. It offers tractors under the New Holland, Case IH, and Steyr brand names. … Read more
Türk Traktör ve Ziraat Makineleri A.S (TTRKF) - Net Assets
Latest net assets as of June 2025: $15.16 Billion USD
Based on the latest financial reports, Türk Traktör ve Ziraat Makineleri A.S (TTRKF) has net assets worth $15.16 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.02 Billion) and total liabilities ($24.86 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 | $15.16 Billion |
| % of Total Assets | 37.88% |
| Annual Growth Rate | 37.45% |
| 5-Year Change | 1077.35% |
| 10-Year Change | N/A |
| Growth Volatility | 113.88 |
Türk Traktör ve Ziraat Makineleri A.S - Net Assets Trend (2014–2024)
This chart illustrates how Türk Traktör ve Ziraat Makineleri A.S's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Türk Traktör ve Ziraat Makineleri A.S (2014–2024)
The table below shows the annual net assets of Türk Traktör ve Ziraat Makineleri A.S from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.97 Billion | -23.68% |
| 2023-12-31 | $22.23 Billion | +140.48% |
| 2022-12-31 | $9.24 Billion | +350.73% |
| 2021-12-31 | $2.05 Billion | +42.31% |
| 2020-12-31 | $1.44 Billion | +121.09% |
| 2018-12-31 | $651.86 Million | -13.98% |
| 2017-12-31 | $757.77 Million | +8.27% |
| 2016-12-31 | $699.86 Million | +7.52% |
| 2015-12-31 | $650.91 Million | -7.65% |
| 2014-12-31 | $704.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Türk Traktör ve Ziraat Makineleri A.S'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 1842.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.00 Billion | 70.72% |
| Other Components | $4.97 Billion | 29.28% |
| Total Equity | $16.97 Billion | 100.00% |
Türk Traktör ve Ziraat Makineleri A.S Competitors by Market Cap
The table below lists competitors of Türk Traktör ve Ziraat Makineleri A.S ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PLIANT THERA.INC.DL-0001
F:9PT
|
$57.71 Million |
|
DongKoo Bio&Pharma Co. Ltd
KQ:006620
|
$57.77 Million |
|
Elixir Energy Ltd
AU:EXR
|
$57.78 Million |
|
Intellistake Technologies Corp.
F:E41
|
$57.79 Million |
|
UHT Unitech Co., Ltd.
TWO:6618
|
$57.70 Million |
|
Bright Scholar Education Holdings Ltd Class A
NYSE:BEDU
|
$57.66 Million |
|
TuHURA Biosciences Inc
NASDAQ:HURA
|
$57.62 Million |
|
Nekkar Asa
OL:NKR
|
$57.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Türk Traktör ve Ziraat Makineleri A.S's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,230,965,306 to 16,967,510,137, a change of -5,263,455,169 (-23.7%).
- Net income of 5,740,536,185 contributed positively to equity growth.
- Dividend payments of 10,693,820,226 reduced retained earnings.
- Other factors decreased equity by 310,171,128.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.74 Billion | +33.83% |
| Dividends Paid | $10.69 Billion | -63.03% |
| Other Changes | $-310.17 Million | -1.83% |
| Total Change | $- | -23.68% |
Book Value vs Market Value Analysis
This analysis compares Türk Traktör ve Ziraat Makineleri A.S'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: 0.03x
- 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 0.30x to 0.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $14.40 | $4.33 | x |
| 2021-12-31 | $20.50 | $4.33 | x |
| 2022-12-31 | $92.38 | $4.33 | x |
| 2023-12-31 | $222.16 | $4.33 | x |
| 2024-12-31 | $169.56 | $4.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Türk Traktör ve Ziraat Makineleri A.S 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): 33.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.57%
- • Asset Turnover: 1.86x
- • Equity Multiplier: 2.12x
- Recent ROE (33.83%) is below the historical average (46.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 37.04% | 9.59% | 1.42x | 2.72x | $190.60 Million |
| 2015 | 39.45% | 8.28% | 1.54x | 3.10x | $191.71 Million |
| 2016 | 52.84% | 10.74% | 1.50x | 3.29x | $299.81 Million |
| 2017 | 42.33% | 7.61% | 1.51x | 3.68x | $244.98 Million |
| 2018 | 36.83% | 6.14% | 1.26x | 4.75x | $174.92 Million |
| 2020 | 53.88% | 12.44% | 1.36x | 3.19x | $632.33 Million |
| 2021 | 64.47% | 11.35% | 1.91x | 2.98x | $1.12 Billion |
| 2022 | 46.62% | 10.41% | 1.59x | 2.81x | $3.39 Billion |
| 2023 | 60.67% | 15.99% | 1.80x | 2.11x | $11.26 Billion |
| 2024 | 33.83% | 8.57% | 1.86x | 2.12x | $4.04 Billion |
Industry Comparison
This section compares Türk Traktör ve Ziraat Makineleri A.S's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Türk Traktör ve Ziraat Makineleri A.S (TTRKF) | $15.16 Billion | 37.04% | 1.64x | $57.71 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |