Mercan Kimya Sanayi ve Ticaret AS
Mercan Kimya Sanayi Ve Ticaret Anonim Sirketi produces, buys, and sells solid and liquid paraffin, emulsion, and Vaseline in Turkey and internationally. The company also buys and sells cosmetics, detergents, and industrial products, as well as offers petroleum jelly. Mercan Kimya Sanayi Ve Ticaret Anonim Sirketi was founded in 1977 and is headquartered in Denizli, Turkey.
Mercan Kimya Sanayi ve Ticaret AS (MERCN) - Total Assets
Latest total assets as of September 2025: TL3.68 Billion TRY
Based on the latest financial reports, Mercan Kimya Sanayi ve Ticaret AS (MERCN) holds total assets worth TL3.68 Billion TRY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Mercan Kimya Sanayi ve Ticaret AS - Total Assets Trend (2018–2024)
This chart illustrates how Mercan Kimya Sanayi ve Ticaret AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mercan Kimya Sanayi ve Ticaret AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Mercan Kimya Sanayi ve Ticaret AS's total assets of TL3.68 Billion consist of 37.2% current assets and 62.8% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 4.9% |
| Accounts Receivable | TL354.96 Million | 13.1% |
| Inventory | TL255.31 Million | 9.4% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL66.22 Million | 2.4% |
| Goodwill | TL0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Mercan Kimya Sanayi ve Ticaret AS's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mercan Kimya Sanayi ve Ticaret AS's current assets represent 37.2% of total assets in 2024, a decrease from 71.6% in 2018.
- Cash Position: Cash and equivalents constituted 4.9% of total assets in 2024, down from 6.9% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 10.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 13.1% of total assets.
Mercan Kimya Sanayi ve Ticaret AS Competitors by Total Assets
Key competitors of Mercan Kimya Sanayi ve Ticaret AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
USA | $13.95 Billion |
|
YeSUN Tech Co.Ltd.
KQ:250930
|
Korea | ₩51.65 Billion |
|
Hangzhou Flariant Co Ltd
SHG:605566
|
China | CN¥2.55 Billion |
|
Samhwa Paint
KO:000390
|
Korea | ₩617.09 Billion |
|
DL Holdings CO. LTD.
KO:000210
|
Korea | ₩12.05 Trillion |
|
Norooholdings
KO:000320
|
Korea | ₩1.26 Trillion |
|
Noroo Holdings Co Ltd
KO:000325
|
Korea | ₩1.26 Trillion |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
China | CN¥1.65 Billion |
Mercan Kimya Sanayi ve Ticaret AS - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Mercan Kimya Sanayi ve Ticaret AS generates 0.97x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Mercan Kimya Sanayi ve Ticaret AS is currently not profitable relative to its asset base.
Mercan Kimya Sanayi ve Ticaret AS - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.16 | 1.12 | 1.91 |
| Quick Ratio | 0.84 | 0.72 | 1.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | TL208.91 Million | TL 126.76 Million | TL 173.68 Million |
Mercan Kimya Sanayi ve Ticaret AS - Advanced Valuation Insights
This section examines the relationship between Mercan Kimya Sanayi ve Ticaret AS's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.62 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 16.9% |
| Total Assets | TL2.71 Billion |
| Market Capitalization | $9.33 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mercan Kimya Sanayi ve Ticaret AS's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Mercan Kimya Sanayi ve Ticaret AS's assets grew by 16.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mercan Kimya Sanayi ve Ticaret AS (2018–2024)
The table below shows the annual total assets of Mercan Kimya Sanayi ve Ticaret AS from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.71 Billion | +16.86% |
| 2023-12-31 | TL2.32 Billion | +94.83% |
| 2022-12-31 | TL1.19 Billion | +78.25% |
| 2021-12-31 | TL668.68 Million | +136.73% |
| 2020-12-31 | TL282.47 Million | +42.54% |
| 2019-12-31 | TL198.17 Million | -7.98% |
| 2018-12-31 | TL215.35 Million | -- |