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Desa Deri Sanayi ve Ticaret AS
Buy, Hold or Sell?

I guess you are interested in Desa Deri Sanayi ve Ticaret AS. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Desa

Let's start. I'm going to help you getting a better view of Desa Deri Sanayi ve Ticaret AS. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Desa Deri Sanayi ve Ticaret AS even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Desa Deri Sanayi ve Ticaret AS is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Desa Deri Sanayi ve Ticaret AS. The closing price on 2022-10-03 was ₺27.88 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Desa Deri Sanayi ve Ticaret AS Daily Candlestick Chart


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

1.1. Profitability of Desa Deri Sanayi ve Ticaret AS.

1.1. Profitability

An important factor of a company's health is the profitability.

1.1.1. Net Profit Margin

Measures how much net profit Desa earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare Desa to the Footwear & Accessories industry mean.
  • A Net Profit Margin of 13.2% means that ₤0.13 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 17.4%. The company is making a huge profit. +2
  • The TTM is 13.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.4%TTM13.2%+4.2%
TTM13.2%YOY2.7%+10.5%
TTM13.2%5Y2.7%+10.6%
5Y2.7%10Y2.2%+0.5%
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ17.4%4.2%+13.2%
TTM13.2%3.6%+9.6%
YOY2.7%2.7%+0.0%
5Y2.7%2.0%+0.7%
10Y2.2%3.0%-0.8%
1.1.2. Return on Assets

Shows how efficient Desa is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Desa to the Footwear & Accessories industry mean.
  • 4.2% Return on Assets means that Desa generated ₤0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 6.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 4.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.2%TTM4.2%+2.0%
TTM4.2%YOY0.5%+3.7%
TTM4.2%5Y1.3%+2.9%
5Y1.3%10Y0.9%+0.4%
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ6.2%1.3%+4.9%
TTM4.2%1.1%+3.1%
YOY0.5%0.7%-0.2%
5Y1.3%0.9%+0.4%
10Y0.9%1.0%-0.1%
1.1.3. Return on Equity

Shows how efficient Desa is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Desa to the Footwear & Accessories industry mean.
  • 17.2% Return on Equity means the company generated ₤0.17 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 17.2%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 12.9%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ17.2%TTM12.9%+4.3%
TTM12.9%YOY2.0%+11.0%
TTM12.9%5Y4.5%+8.4%
5Y4.5%10Y3.0%+1.5%
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ17.2%2.6%+14.6%
TTM12.9%2.2%+10.7%
YOY2.0%1.2%+0.8%
5Y4.5%1.5%+3.0%
10Y3.0%1.8%+1.2%

1.2. Operating Efficiency of Desa Deri Sanayi ve Ticaret AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Desa is operating .

  • Measures how much profit Desa makes for each ₤1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Desa to the Footwear & Accessories industry mean.
  • An Operating Margin of 21.4% means the company generated ₤0.21  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 21.4%. The company is operating efficient. +1
  • The TTM is 16.1%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ21.4%TTM16.1%+5.3%
TTM16.1%YOY22.1%-6.0%
TTM16.1%5Y15.2%+0.9%
5Y15.2%10Y7.8%+7.5%
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ21.4%6.5%+14.9%
TTM16.1%3.1%+13.0%
YOY22.1%3.3%+18.8%
5Y15.2%2.9%+12.3%
10Y7.8%2.6%+5.2%
1.2.2. Operating Ratio

Measures how efficient Desa is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Footwear & Accessories industry mean).
  • An Operation Ratio of 1.40 means that the operating costs are ₤1.40 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 1.401. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.430. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.401TTM1.430-0.029
TTM1.430YOY1.249+0.181
TTM1.4305Y1.377+0.052
5Y1.37710Y0.980+0.397
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4011.462-0.061
TTM1.4301.233+0.197
YOY1.2491.165+0.084
5Y1.3771.072+0.305
10Y0.9800.984-0.004

1.3. Liquidity of Desa Deri Sanayi ve Ticaret AS.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Desa is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Footwear & Accessories industry mean).
  • A Current Ratio of 1.49 means the company has ₤1.49 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 1.494. The company is just able to pay all its short-term debts.
  • The TTM is 1.557. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.494TTM1.557-0.063
TTM1.557YOY1.590-0.033
TTM1.5575Y1.318+0.239
5Y1.31810Y0.693+0.625
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4941.836-0.342
TTM1.5571.688-0.131
YOY1.5901.610-0.020
5Y1.3181.703-0.385
10Y0.6931.662-0.969
1.3.2. Quick Ratio

Measures if Desa is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy (always compare to Footwear & Accessories industry mean)
  • A Quick Ratio of 0.36 means the company can pay off ₤0.36 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 0.364. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.335. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.364TTM0.335+0.029
TTM0.335YOY0.167+0.168
TTM0.3355Y0.187+0.147
5Y0.18710Y0.180+0.008
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3640.682-0.318
TTM0.3350.747-0.412
YOY0.1670.723-0.556
5Y0.1870.644-0.457
10Y0.1800.660-0.480

1.4. Solvency of Desa Deri Sanayi ve Ticaret AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Desa assets are financed with debt.

  • Below 1 (100%) is considered healthy (always compare to Footwear & Accessories industry mean).
  • A Debt to Asset Ratio of 0.64 means that Desa assets are financed with 63.8% credit (debt) and the remaining percentage (100% - 63.8%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 0.638. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.685. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.638TTM0.685-0.047
TTM0.685YOY0.750-0.064
TTM0.6855Y0.742-0.057
5Y0.74210Y0.686+0.055
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6380.507+0.131
TTM0.6850.500+0.185
YOY0.7500.505+0.245
5Y0.7420.467+0.275
10Y0.6860.456+0.230
1.4.2. Debt to Equity Ratio

Measures if Desa is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy (always compare to Footwear & Accessories industry mean).
  • A Debt to Equity ratio of 176.1% means that company has ₤1.76 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 1.761. The company is just able to pay all its debts with equity.
  • The TTM is 2.257. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.761TTM2.257-0.496
TTM2.257YOY3.003-0.745
TTM2.2575Y2.957-0.699
5Y2.95710Y2.398+0.558
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7611.024+0.737
TTM2.2571.006+1.251
YOY3.0031.045+1.958
5Y2.9570.901+2.056
10Y2.3980.898+1.500

2. Market Valuation of Desa Deri Sanayi ve Ticaret AS

2. Earnings
2.1. Price to Earnings Ratio

Measures how many years it takes to double your invested money in Desa.

  • Above 15 is considered overpriced but is hard to determine (always use industry average).
  • A PE ratio of 4.95 means the investor is paying ₤4.95 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The EOD is 12.063. Good. +1
  • The MRQ is 4.945. Very good. +2
  • The TTM is 17.625. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD12.063MRQ4.945+7.118
MRQ4.945TTM17.625-12.679
TTM17.625YOY400.537-382.912
TTM17.6255Y77.532-59.907
5Y77.53210Y36.562+40.970
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
EOD12.06310.047+2.016
MRQ4.94510.275-5.330
TTM17.62512.811+4.814
YOY400.5376.667+393.870
5Y77.53216.515+61.017
10Y36.56212.130+24.432
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Desa.

  • Lower is better
  • A PEG ratio of 1 means the investor is paying a fair price for the stock

Let's take a look of the Price Earnings to Growth Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The MRQ is 0.003. Very good. +2
  • The TTM is 0.067. Very good. +2
Trends
Current periodCompared to+/- 
MRQ0.003TTM0.067-0.064
TTM0.067YOY-2.205+2.272
TTM0.0675Y-0.301+0.368
5Y-0.30110Y-0.130-0.172
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0030.021-0.018
TTM0.0670.009+0.058
YOY-2.205-0.020-2.185
5Y-0.301-0.028-0.273
10Y-0.130-0.020-0.110

2. Books
2.3. Price to Book Ratio

Measures if the stock price of Desa is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Footwear & Accessories industry mean).
  • A PB ratio of 2.06 means the investor is paying ₤2.06 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Desa Deri Sanayi ve Ticaret AS:

  • The EOD is 5.015. Seems overpriced? -1
  • The MRQ is 2.056. Good. +1
  • The TTM is 2.778. Good. +1
Trends
Current periodCompared to+/- 
EOD5.015MRQ2.056+2.959
MRQ2.056TTM2.778-0.722
TTM2.778YOY5.322-2.544
TTM2.7785Y2.980-0.202
5Y2.98010Y1.519+1.462
Compared to industry (Footwear & Accessories)
PeriodCompanyIndustry (mean)+/- 
EOD5.0151.618+3.397
MRQ2.0561.744+0.312
TTM2.7781.823+0.955
YOY5.3221.683+3.639
5Y2.9801.781+1.199
10Y1.5191.5190.000

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Desa Deri Sanayi ve Ticaret AS compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Per Share--5.5604.113+35%1.914+190%2.027+174%1.037+436%
Book Value Per Share Growth--0.9440.907+4%0.032+2860%0.231+308%0.265+256%
Current Ratio--1.4941.557-4%1.590-6%1.318+13%0.693+116%
Debt To Asset Ratio--0.6380.685-7%0.750-15%0.742-14%0.686-7%
Debt To Equity Ratio--1.7612.257-22%3.003-41%2.957-40%2.398-27%
Dividend Per Share----0%-0%-0%-0%
Eps--0.9560.578+65%0.037+2468%0.148+548%0.067+1331%
Eps Growth--1452.3344206.610-65%-65.641+105%717.497+102%314.860+361%
Gains Per Share--0.9440.907+4%0.032+2860%0.231+308%0.265+256%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.725+38%
Net Profit Margin--0.1740.132+32%0.027+538%0.027+551%0.022+699%
Operating Margin--0.2140.161+33%0.221-3%0.152+40%0.078+175%
Operating Ratio--1.4011.430-2%1.249+12%1.377+2%0.980+43%
Pb Ratio5.015+59%2.0562.778-26%5.322-61%2.980-31%1.519+35%
Pe Ratio12.063+59%4.94517.625-72%400.537-99%77.532-94%36.562-86%
Peg Ratio--0.0030.067-95%-2.205+64858%-0.301+8948%-0.130+3907%
Price Per Share27.880+59%11.43010.460+9%10.198+12%5.481+109%3.181+259%
Quick Ratio--0.3640.335+9%0.167+119%0.187+94%0.180+102%
Return On Assets--0.0620.042+47%0.005+1145%0.013+366%0.009+560%
Return On Equity--0.1720.129+33%0.020+779%0.045+281%0.030+480%
 EOD+0 -3MRQTTM+15 -3YOY+13 -55Y+15 -310Y+15 -4

3.2. Fundamental Score

Let's check the fundamental score of Desa Deri Sanayi ve Ticaret AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1512.063
Price to Book Ratio (EOD)Between0-15.015
Net Profit Margin (MRQ)Greater than00.174
Operating Margin (MRQ)Greater than00.214
Quick Ratio (MRQ)Greater than10.364
Current Ratio (MRQ)Greater than11.494
Debt to Asset Ratio (MRQ)Less than10.638
Debt to Equity Ratio (MRQ)Less than11.761
Return on Equity (MRQ)Greater than0.150.172
Return on Assets (MRQ)Greater than0.050.062
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Desa Deri Sanayi ve Ticaret AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.867
Ma 20Greater thanMa 5027.580
Ma 50Greater thanMa 10023.026
Ma 100Greater thanMa 20017.598
OpenGreater thanClose27.740
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2022-06-30. Currency in TRY. All numbers in thousands.

Summary
Total Assets755,519
Total Liabilities481,852
Total Stockholder Equity273,667
 As reported
Total Liabilities 481,852
Total Stockholder Equity+ 273,667
Total Assets = 755,519

Assets

Total Assets755,519
Total Current Assets516,015
Long-term Assets516,015
Total Current Assets
Cash And Cash Equivalents 93,204
Net Receivables 125,723
Inventory 131,945
Other Current Assets 161,950
Total Current Assets  (as reported)516,015
Total Current Assets  (calculated)512,822
+/- 3,193
Long-term Assets
Property Plant Equipment 183,450
Intangible Assets 538
Other Assets 17,920
Long-term Assets  (as reported)239,504
Long-term Assets  (calculated)201,907
+/- 37,596

Liabilities & Shareholders' Equity

Total Current Liabilities345,335
Long-term Liabilities136,517
Total Stockholder Equity273,667
Total Current Liabilities
Short Long Term Debt 69,040
Accounts payable 195,002
Other Current Liabilities 32,111
Total Current Liabilities  (as reported)345,335
Total Current Liabilities  (calculated)296,154
+/- 49,181
Long-term Liabilities
Long term Debt 82,839
Capital Lease Obligations Min Short Term Debt54,879
Other Liabilities 28,722
Long-term Liabilities  (as reported)136,517
Long-term Liabilities  (calculated)166,439
+/- 29,923
Total Stockholder Equity
Common Stock49,222
Retained Earnings 130,160
Other Stockholders Equity 94,285
Total Stockholder Equity (as reported)273,667
Total Stockholder Equity (calculated)273,667
+/-0
Other
Capital Stock49,222
Common Stock Shares Outstanding 49,222
Net Debt 58,675
Net Invested Capital 425,546
Net Tangible Assets 273,130
Net Working Capital 170,680



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-06-302011-03-312010-12-312010-09-302010-03-312009-12-312009-03-312008-12-312007-12-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-31
> Total Assets 
77,306
84,204
86,828
86,513
90,821
89,793
97,347
93,483
94,022
104,530
0
109,820
107,045
114,588
114,588
116,161
118,981
129,251
123,234
124,553
132,890
144,056
147,251
145,388
150,648
157,841
164,874
162,777
165,664
171,491
172,439
176,740
177,054
175,752
187,650
182,228
186,768
191,581
193,942
212,022
224,707
252,665
259,195
268,807
301,677
279,268
372,750
377,445
383,365
369,203
390,938
388,188
365,335
353,867
395,154
393,992
422,827
635,435
686,598
755,519
755,519686,598635,435422,827393,992395,154353,867365,335388,188390,938369,203383,365377,445372,750279,268301,677268,807259,195252,665224,707212,022193,942191,581186,768182,228187,650175,752177,054176,740172,439171,491165,664162,777164,874157,841150,648145,388147,251144,056132,890124,553123,234129,251118,981116,161114,588114,588107,045109,8200104,53094,02293,48397,34789,79390,82186,51386,82884,20477,306
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
164,832
176,746
180,081
186,733
192,289
224,608
202,757
204,500
228,644
235,775
229,066
258,121
262,733
253,499
251,207
289,617
291,475
305,166
421,521
456,958
516,015
516,015456,958421,521305,166291,475289,617251,207253,499262,733258,121229,066235,775228,644204,500202,757224,608192,289186,733180,081176,746164,832000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,079
1,297
8,888
1,799
1,564
1,502
321
1,542
14,515
23,361
19,333
47,788
63,312
53,758
61,658
100,440
92,891
90,576
147,112
61,345
93,204
93,20461,345147,11290,57692,891100,44061,65853,75863,31247,78819,33323,36114,5151,5423211,5021,5641,7998,8881,2978,079000000000000000000000000000000000000000
       Net Receivables 
4,030
9,218
11,708
7,754
5,200
4,634
12,171
6,990
7,489
9,978
0
11,188
10,568
13,234
13,234
14,603
15,708
14,169
11,655
11,514
13,760
16,423
15,318
12,932
10,946
13,749
14,985
14,974
19,006
11,770
10,257
11,332
11,791
12,952
19,258
12,558
13,921
8,258
9,524
11,939
17,442
13,789
17,897
26,525
49,771
26,959
23,302
22,167
33,282
38,116
38,957
23,764
30,601
30,419
25,185
27,513
46,556
98,910
104,396
125,723
125,723104,39698,91046,55627,51325,18530,41930,60123,76438,95738,11633,28222,16723,30226,95949,77126,52517,89713,78917,44211,9399,5248,25813,92112,55819,25812,95211,79111,33210,25711,77019,00614,97414,98513,74910,94612,93215,31816,42313,76011,51411,65514,16915,70814,60313,23413,23410,56811,18809,9787,4896,99012,1714,6345,2007,75411,7089,2184,030
       Other Current Assets 
482
446
516
606
795
1,566
617
977
594
1,854
0
1,466
1,744
3,271
3,271
2,266
2,574
2,480
2,382
3,025
3,854
2,057
4,142
2,665
4,309
3,400
4,752
5,026
4,379
2,460
4,985
2,757
3,165
2,613
2,939
5,712
2,872
5,957
6,348
6,289
7,481
5,105
7,936
6,324
7,077
6,950
7,039
7,951
9,130
9,541
11,907
8,596
11,636
12,549
15,056
14,839
15,386
6,595
143,489
161,950
161,950143,4896,59515,38614,83915,05612,54911,6368,59611,9079,5419,1307,9517,0396,9507,0776,3247,9365,1057,4816,2896,3485,9572,8725,7122,9392,6133,1652,7574,9852,4604,3795,0264,7523,4004,3092,6654,1422,0573,8543,0252,3822,4802,5742,2663,2713,2711,7441,46601,8545949776171,566795606516446482
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
168,251
148,801
147,590
140,137
132,818
125,455
111,836
102,659
105,536
102,517
117,661
213,914
229,641
239,504
239,504229,641213,914117,661102,517105,536102,659111,836125,455132,818140,137147,590148,801168,2510000000000000000000000000000000000000000000000
       Property Plant Equipment 
5,255
6,204
6,853
7,351
7,784
8,009
8,121
8,494
8,649
14,324
0
21,448
21,371
22,437
22,437
22,925
23,182
23,052
22,667
22,365
21,434
30,593
29,412
28,727
28,236
27,838
27,374
27,411
27,881
27,060
26,417
25,859
25,380
25,951
25,583
28,935
31,746
29,037
28,460
30,057
29,974
53,437
53,165
53,582
52,915
53,560
143,338
124,071
120,075
111,482
107,720
99,974
85,983
76,559
81,737
76,063
84,716
174,320
184,413
183,450
183,450184,413174,32084,71676,06381,73776,55985,98399,974107,720111,482120,075124,071143,33853,56052,91553,58253,16553,43729,97430,05728,46029,03731,74628,93525,58325,95125,38025,85926,41727,06027,88127,41127,37427,83828,23628,72729,41230,59321,43422,36522,66723,05223,18222,92522,43722,43721,37121,448014,3248,6498,4948,1218,0097,7847,3516,8536,2045,255
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,362
16,163
16,521
16,786
17,126
17,727
18,168
18,273
17,921
19,368
19,660
0
0
0
0
0
0
0
0
0
0
000000000019,66019,36817,92118,27318,16817,72717,12616,78616,52116,16315,362000000000000000000000000000000000000000
       Intangible Assets 
3,065
3,307
3,325
3,668
3,995
4,364
4,600
4,898
771
793
0
539
525
1,045
1,045
1,019
993
941
843
820
798
861
837
814
794
776
771
770
762
817
805
831
884
868
851
855
833
726
646
673
662
656
781
894
872
812
819
764
704
644
595
567
618
593
570
621
595
570
553
538
5385535705956215705936185675956447047648198128728947816566626736467268338558518688848318058177627707717767948148378617988208439419931,0191,0451,04552553907937714,8984,6004,3643,9953,6683,3253,3073,065
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
168,251
0
147,590
140,137
0
0
0
0
0
0
0
0
0
0
0000000000140,137147,5900168,2510000000000000000000000000000000000000000000000
> Total Liabilities 
18,024
23,602
25,096
23,306
26,503
29,300
32,617
33,820
28,411
42,315
0
53,613
51,117
57,833
57,833
61,950
66,027
71,232
68,837
68,869
76,776
73,843
76,891
78,224
83,732
94,224
102,900
100,361
101,175
103,388
105,382
112,029
117,856
112,212
125,767
120,048
129,246
141,899
149,169
165,757
179,075
182,748
188,518
199,254
232,875
203,775
293,338
294,458
293,068
275,476
296,438
299,453
272,144
259,282
301,112
298,982
321,920
427,484
459,372
481,852
481,852459,372427,484321,920298,982301,112259,282272,144299,453296,438275,476293,068294,458293,338203,775232,875199,254188,518182,748179,075165,757149,169141,899129,246120,048125,767112,212117,856112,029105,382103,388101,175100,361102,90094,22483,73278,22476,89173,84376,77668,86968,83771,23266,02761,95057,83357,83351,11753,613042,31528,41133,82032,61729,30026,50323,30625,09623,60218,024
   > Total Current Liabilities 
17,437
23,009
24,418
22,616
25,729
28,518
31,812
32,957
26,597
34,135
0
45,994
42,427
51,085
51,085
55,724
60,400
65,668
63,106
63,859
72,591
69,587
62,203
54,161
60,220
70,762
81,084
80,446
82,167
85,750
81,191
71,193
75,904
77,526
82,793
83,067
94,404
92,366
100,800
121,554
136,852
157,848
143,467
158,892
187,025
167,161
198,345
203,316
224,292
215,647
244,806
239,285
182,450
157,182
160,299
186,159
199,635
260,968
287,385
345,335
345,335287,385260,968199,635186,159160,299157,182182,450239,285244,806215,647224,292203,316198,345167,161187,025158,892143,467157,848136,852121,554100,80092,36694,40483,06782,79377,52675,90471,19381,19185,75082,16780,44681,08470,76260,22054,16162,20369,58772,59163,85963,10665,66860,40055,72451,08551,08542,42745,994034,13526,59732,95731,81228,51825,72922,61624,41823,00917,437
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
88,243
31,110
19,745
28,103
33,327
39,329
32,387
39,869
30,838
56,149
37,021
0
0
0
0
0
0
0
0
0
0
000000000037,02156,14930,83839,86932,38739,32933,32728,10319,74531,11088,243000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
88,243
31,110
19,745
28,103
33,327
39,329
32,387
39,869
30,838
56,149
37,021
69,370
105,879
62,223
54,143
50,504
74,554
38,070
46,677
53,545
69,040
69,04053,54546,67738,07074,55450,50454,14362,223105,87969,37037,02156,14930,83839,86932,38739,32933,32728,10319,74531,11088,243000000000000000000000000000000000000000
       Accounts payable 
9,954
7,614
8,829
8,384
10,542
9,729
14,144
11,942
16,035
21,600
0
22,864
19,249
28,302
28,302
32,699
32,427
38,709
36,428
29,433
37,721
36,241
35,897
27,606
30,693
40,954
48,323
40,685
42,445
46,267
46,949
46,383
41,898
40,577
47,860
44,977
48,963
45,866
47,657
60,437
76,949
76,785
90,836
94,838
106,698
103,111
103,478
117,771
116,669
125,579
124,718
90,538
79,128
68,829
71,106
74,801
116,462
153,491
167,169
195,002
195,002167,169153,491116,46274,80171,10668,82979,12890,538124,718125,579116,669117,771103,478103,111106,69894,83890,83676,78576,94960,43747,65745,86648,96344,97747,86040,57741,89846,38346,94946,26742,44540,68548,32340,95430,69327,60635,89736,24137,72129,43336,42838,70932,42732,69928,30228,30219,24922,864021,60016,03511,94214,1449,72910,5428,3848,8297,6149,954
       Other Current Liabilities 
2,238
2,785
2,817
3,517
2,425
2,059
2,583
10,707
5,686
4,069
0
5,786
5,558
7,361
7,361
6,658
7,744
9,570
8,196
9,956
8,731
8,383
8,278
8,231
8,346
8,934
10,122
14,666
13,253
12,841
11,786
10,892
10,720
11,202
10,161
10,188
10,265
10,489
11,543
13,599
19,506
16,226
19,216
14,185
30,428
12,343
12,069
1,482
1,786
16,104
12,321
10,319
10,957
11,640
11,193
12,264
14,035
23,562
22,245
32,111
32,11122,24523,56214,03512,26411,19311,64010,95710,31912,32116,1041,7861,48212,06912,34330,42814,18519,21616,22619,50613,59911,54310,48910,26510,18810,16111,20210,72010,89211,78612,84113,25314,66610,1228,9348,3468,2318,2788,3838,7319,9568,1969,5707,7446,6587,3617,3615,5585,78604,0695,68610,7072,5832,0592,4253,5172,8172,7852,238
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
94,993
91,142
68,776
59,829
51,632
60,168
89,694
102,101
140,812
112,822
122,285
166,517
171,987
136,517
136,517171,987166,517122,285112,822140,812102,10189,69460,16851,63259,82968,77691,14294,9930000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-88,243
-31,110
-19,745
-28,103
-33,327
-39,329
-32,387
47,931
38,024
8,428
20,619
54,072
46,239
33,556
25,967
31,789
26,089
35,399
47,208
57,238
54,879
54,87957,23847,20835,39926,08931,78925,96733,55646,23954,07220,6198,42838,02447,931-32,387-39,329-33,327-28,103-19,745-31,110-88,243000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
89
134
0
0
001348900000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
59,282
60,602
61,731
63,207
64,318
60,493
64,730
59,662
65,611
62,215
62,215
56,207
55,928
56,754
56,754
54,211
52,954
58,019
54,398
55,684
56,114
70,213
70,360
67,163
66,916
63,617
61,974
62,416
64,490
68,103
67,058
64,711
59,197
63,540
61,883
62,180
57,522
49,682
44,773
46,265
45,632
69,917
70,677
69,553
68,802
75,493
79,413
82,987
90,297
93,727
94,500
88,735
93,191
94,584
94,042
95,011
100,907
207,951
227,226
273,667
273,667227,226207,951100,90795,01194,04294,58493,19188,73594,50093,72790,29782,98779,41375,49368,80269,55370,67769,91745,63246,26544,77349,68257,52262,18061,88363,54059,19764,71167,05868,10364,49062,41661,97463,61766,91667,16370,36070,21356,11455,68454,39858,01952,95454,21156,75456,75455,92856,20762,21562,21565,61159,66264,73060,49364,31863,20761,73160,60259,282
   Common Stock
42,000
44,300
44,300
44,300
44,300
44,300
49,222
49,222
49,222
49,222
0
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,222
49,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,22249,222049,22249,22249,22249,22244,30044,30044,30044,30044,30042,000
   Retained Earnings 
11,298
10,318
11,447
12,923
14,034
10,209
9,524
4,456
10,405
7,493
0
1,485
1,206
2,032
2,032
0
0
3,297
0
962
1,391
6,126
6,314
3,161
2,956
34
0
0
1,170
4,795
3,852
1,575
0
697
0
0
0
0
0
-15,876
-16,467
-12,789
-11,687
-12,360
-12,777
-4,503
-1,027
1,462
9,682
13,741
14,775
9,194
14,015
15,569
15,496
16,580
22,991
61,979
83,114
130,160
130,16083,11461,97922,99116,58015,49615,56914,0159,19414,77513,7419,6821,462-1,027-4,503-12,777-12,360-11,687-12,789-16,467-15,8760000069701,5753,8524,7951,17000342,9563,1616,3146,1261,39196203,297002,0322,0321,2061,48507,49310,4054,4569,52410,20914,03412,92311,44710,31811,298
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,920
12,877
33,484
33,141
32,691
32,358
30,773
30,257
31,342
30,433
30,765
30,503
30,319
29,954
29,793
29,324
29,209
28,694
96,749
94,889
94,285
94,28594,88996,74928,69429,20929,32429,79329,95430,31930,50330,76530,43331,34230,25730,77332,35832,69133,14133,48412,87712,920000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in TRY. All numbers in thousands.




Income Statement

Currency in TRY. All numbers in thousands.