Turkiye Sigorta AS (TURSG) - Total Assets
Based on the latest financial reports, Turkiye Sigorta AS (TURSG) holds total assets worth TL87.82 Billion TRY (≈ $1.97 Billion USD) 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. See what is Turkiye Sigorta AS's book value for net asset value and shareholders' equity analysis.
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.
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. For live market cap, price, and company overview, see TURSG company net worth.
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 |
|---|---|---|
|
W. R. Berkley Corp
NYSE:WRB
|
USA | $44.07 Billion |
|
PICC Property and Casualty Company Limited
F:PJC
|
Germany | €804.61 Billion |
|
Definity Financial Corp
TO:DFY
|
Canada | CA$9.56 Billion |
|
Lotte Non-Life
KO:000400
|
Korea | ₩14.88 Trillion |
|
Libra Insurance Company Ltd
TA:LBRA
|
Israel | ILA1.10 Billion |
|
QBE Insurance Group Ltd
AU:QBE
|
Australia | AU$49.19 Billion |
|
Suncorp Group Ltd
AU:SUNPH
|
Australia | AU$30.16 Billion |
|
Suncorp Group Ltd
AU:SUN
|
Australia | AU$29.52 Billion |
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 | TL12.08 Billion | TL1.40 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 | 0.04 |
| Asset Growth Rate (YoY) | 177.2% |
| Total Assets | TL76.30 Billion |
| Market Capitalization | $3.15 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Turkiye Sigorta AS's assets below their book value (0.04x), 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 ≈ $1.71 Billion |
+177.15% |
| 2022-12-31 | TL27.53 Billion ≈ $616.58 Million |
+90.12% |
| 2021-12-31 | TL14.48 Billion ≈ $324.32 Million |
+34.73% |
| 2020-12-31 | TL10.75 Billion ≈ $240.72 Million |
+193.39% |
| 2019-12-31 | TL3.66 Billion ≈ $82.05 Million |
+40.33% |
| 2018-12-31 | TL2.61 Billion ≈ $58.47 Million |
+20.43% |
| 2017-12-31 | TL2.17 Billion ≈ $48.55 Million |
+23.44% |
| 2016-12-31 | TL1.76 Billion ≈ $39.33 Million |
+28.98% |
| 2015-12-31 | TL1.36 Billion ≈ $30.49 Million |
+10.22% |
| 2014-12-31 | TL1.24 Billion ≈ $27.67 Million |
+10.48% |
| 2013-12-31 | TL1.12 Billion ≈ $25.04 Million |
+20.55% |
| 2012-12-31 | TL927.52 Million ≈ $20.77 Million |
+12.41% |
| 2011-12-31 | TL825.15 Million ≈ $18.48 Million |
+5.42% |
| 2010-12-31 | TL782.73 Million ≈ $17.53 Million |
+12.14% |
| 2009-12-31 | TL697.97 Million ≈ $15.63 Million |
+6.47% |
| 2008-12-31 | TL655.56 Million ≈ $14.68 Million |
-- |
About 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