Turkiye Sigorta AS
Türkiye Sigorta A.S. operates as a non-life insurance company in Turkey. It offers auto and non-auto accident, fire, transportation, engineering, health, agriculture, liability, financial losses, credit, and legal protection insurance products. The company was formerly known as Günes Sigorta Anonim Sirketi and changed its name to Türkiye Sigorta A.S. in August 2020. The company was incorporated i… Read more
Turkiye Sigorta AS (TURSG) - Total Assets
Latest total assets as of September 2024: TL87.82 Billion TRY
Based on the latest financial reports, Turkiye Sigorta AS (TURSG) holds total assets worth TL87.82 Billion TRY as of September 2024.
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.
Turkiye Sigorta AS - Total Assets Trend (2008–2023)
This chart illustrates how Turkiye Sigorta AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Turkiye Sigorta AS - Asset Composition Analysis
Current Asset Composition (December 2023)
Turkiye Sigorta AS's total assets of TL87.82 Billion consist of 36.1% current assets and 63.9% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 36.1% |
| Accounts Receivable | TL0.00 | 0.0% |
| Inventory | TL0.00 | 0.0% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL66.25 Million | 0.1% |
| Goodwill | TL0.00 | 0.0% |
Asset Composition Trend (2008–2023)
This chart illustrates how Turkiye Sigorta 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: Turkiye Sigorta AS's current assets represent 36.1% of total assets in 2023, an increase from 30.8% in 2008.
- Cash Position: Cash and equivalents constituted 36.1% of total assets in 2023, up from 9.6% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2008.
- Asset Diversification: The largest asset category is intangible assets at 0.1% of total assets.
Turkiye Sigorta AS Competitors by Total Assets
Key competitors of Turkiye Sigorta AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hanwha General
KO:000370
|
Korea | ₩20.72 Trillion |
|
Lotte Non-Life
KO:000400
|
Korea | ₩14.88 Trillion |
|
Heungkuk F&M I
KO:000540
|
Korea | ₩13.12 Trillion |
|
Heungkuk Fire & Marine Insurance Co Ltd
KO:000545
|
Korea | ₩13.12 Trillion |
|
Samsung Fire & Marine Insurance
KO:000810
|
Korea | ₩88.44 Trillion |
|
Samsung Fire And Marine Ins Pref
KO:000815
|
Korea | ₩88.44 Trillion |
|
Hyundai Mar&Fi
KO:001450
|
Korea | ₩50.71 Trillion |
|
DB Insurance Co Ltd
KO:005830
|
Korea | ₩72.11 Trillion |
Turkiye Sigorta 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 - Turkiye Sigorta AS generates 0.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Turkiye Sigorta AS generates $8.11 in net profit.
Turkiye Sigorta 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 | 1.74 | 1.39 | 4.37 |
| Quick Ratio | 1.74 | 1.39 | 4.37 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | TL26.53 Billion | TL 12.08 Billion | TL 1.40 Billion |
Turkiye Sigorta AS - Advanced Valuation Insights
This section examines the relationship between Turkiye Sigorta 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 | 2.95 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 177.2% |
| Total Assets | TL76.30 Billion |
| Market Capitalization | $743.40 Million USD |
Valuation Analysis
Below Book Valuation: The market values Turkiye Sigorta AS's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Turkiye Sigorta AS's assets grew by 177.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Turkiye Sigorta AS (2008–2023)
The table below shows the annual total assets of Turkiye Sigorta AS from 2008 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | TL76.30 Billion | +177.15% |
| 2022-12-31 | TL27.53 Billion | +90.12% |
| 2021-12-31 | TL14.48 Billion | +34.73% |
| 2020-12-31 | TL10.75 Billion | +193.39% |
| 2019-12-31 | TL3.66 Billion | +40.33% |
| 2018-12-31 | TL2.61 Billion | +20.43% |
| 2017-12-31 | TL2.17 Billion | +23.44% |
| 2016-12-31 | TL1.76 Billion | +28.98% |
| 2015-12-31 | TL1.36 Billion | +10.22% |
| 2014-12-31 | TL1.24 Billion | +10.48% |
| 2013-12-31 | TL1.12 Billion | +20.55% |
| 2012-12-31 | TL927.52 Million | +12.41% |
| 2011-12-31 | TL825.15 Million | +5.42% |
| 2010-12-31 | TL782.73 Million | +12.14% |
| 2009-12-31 | TL697.97 Million | +6.47% |
| 2008-12-31 | TL655.56 Million | -- |