Merit Turizm Yatirim ve Isletme AS
Merit Turizm Yatirim ve Isletme Anonim Sirketi, together with its subsidiaries, engages in the hotel management business in Turkey. The company was founded in 1988 and is based in Istanbul, Turkey. Merit Turizm Yatirim ve Isletme Anonim Sirketi operates as a subsidiary of Net Holding A.S. Merit Turizm Yatirim ve Isletme Anonim Sirketi opearates as a subsidiary of Net Holding A.S.
Merit Turizm Yatirim ve Isletme AS (MERIT) - Total Assets
Latest total assets as of September 2025: TL15.72 Billion TRY
Based on the latest financial reports, Merit Turizm Yatirim ve Isletme AS (MERIT) holds total assets worth TL15.72 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.
Merit Turizm Yatirim ve Isletme AS - Total Assets Trend (2011–2024)
This chart illustrates how Merit Turizm Yatirim ve Isletme AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Merit Turizm Yatirim ve Isletme AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Merit Turizm Yatirim ve Isletme AS's total assets of TL15.72 Billion consist of 0.6% current assets and 99.4% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 0.0% |
| Accounts Receivable | TL35.61 Million | 0.4% |
| Inventory | TL0.00 | 0.0% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL0.00 | 0.0% |
| Goodwill | TL0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Merit Turizm Yatirim ve Isletme 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: Merit Turizm Yatirim ve Isletme AS's current assets represent 0.6% of total assets in 2024, an increase from 0.0% in 2011.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, down from 0.2% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 0.4% of total assets.
Merit Turizm Yatirim ve Isletme AS Competitors by Total Assets
Key competitors of Merit Turizm Yatirim ve Isletme AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Lotte Tour Dev
KO:032350
|
Korea | ₩2.18 Trillion |
|
Paradise Co. Ltd
KQ:034230
|
Korea | ₩3.96 Trillion |
|
Kangwon Land
KO:035250
|
Korea | ₩4.63 Trillion |
|
Yong Pyong Resort Corp
KO:070960
|
Korea | ₩1.03 Trillion |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
Korea | ₩648.49 Billion |
|
Inch Kenneth Kajang Rubber PLC
KLSE:2607
|
Malaysia | RM699.73 Million |
|
FarGlory Hotel Co Ltd
TW:2712
|
Taiwan | NT$1.68 Billion |
|
Chateau International Development Co Ltd
TW:2722
|
Taiwan | NT$3.59 Billion |
Merit Turizm Yatirim ve Isletme 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
Lower asset utilization - Merit Turizm Yatirim ve Isletme AS generates 0.02x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Merit Turizm Yatirim ve Isletme AS generates $ 3.65 in net profit.
Merit Turizm Yatirim ve Isletme 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 | 2.28 | 1.38 | 8.89 |
| Quick Ratio | 2.28 | 1.38 | 8.89 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | TL43.45 Million | TL 9.70 Million | TL 12.70 Million |
Merit Turizm Yatirim ve Isletme AS - Advanced Valuation Insights
This section examines the relationship between Merit Turizm Yatirim ve Isletme 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 | 0.40 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 55.3% |
| Total Assets | TL9.81 Billion |
| Market Capitalization | $47.54 Million USD |
Valuation Analysis
Below Book Valuation: The market values Merit Turizm Yatirim ve Isletme AS's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Merit Turizm Yatirim ve Isletme AS's assets grew by 55.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Merit Turizm Yatirim ve Isletme AS (2011–2024)
The table below shows the annual total assets of Merit Turizm Yatirim ve Isletme AS from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | TL9.81 Billion | +55.29% |
| 2023-12-31 | TL6.31 Billion | +290.31% |
| 2022-12-31 | TL1.62 Billion | +69.05% |
| 2021-12-31 | TL956.97 Million | +1803.66% |
| 2020-12-31 | TL50.27 Million | -0.85% |
| 2019-12-31 | TL50.70 Million | +7.42% |
| 2018-12-31 | TL47.20 Million | +151.98% |
| 2017-12-31 | TL18.73 Million | +35.55% |
| 2016-12-31 | TL13.82 Million | +23.01% |
| 2015-12-31 | TL11.23 Million | +19.57% |
| 2014-12-31 | TL9.39 Million | +24.80% |
| 2013-12-31 | TL7.53 Million | +76.96% |
| 2012-12-31 | TL4.25 Million | +7.70% |
| 2011-12-31 | TL3.95 Million | -- |