Turk Traktor ve Ziraat Makineleri AS
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Quick analysis of Turk Traktor ve Ziraat Makineleri AS (30 sec.)

1. Valuation of Turk Traktor ve Ziraat Makineleri AS (5 min.)

Current price per share

₺690.00

Book Value per Share

₺68.17

2. Growth of Turk Traktor ve Ziraat Makineleri AS (5 min.)

Is Turk Traktor ve Ziraat Makineleri AS growing?

	Current year	Previous year	Grow	Grow %
How rich?	$174.2m	$67.5m	$40.9m	37.7%

How much money is Turk Traktor ve Ziraat Makineleri AS making?

	Current year	Previous year	Grow	Grow %
Making money	$35.5m	$15.8m	$19.7m	55.5%
Net Profit Margin	13.0%	11.2%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Turk Traktor ve Ziraat Makineleri AS (5 min.)

4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)

Industry Rankings (Farm & Heavy Construction Machinery)

Richest
#87 / 153

Most Revenue
#65 / 153

Most Profit
#39 / 153

Most Efficient
#13 / 153

Fundamentals of Turk Traktor ve Ziraat Makineleri AS

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is very efficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just 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 year	Compared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Turk Traktor ve Ziraat Makineleri AS.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Turk Traktor ve Ziraat Makineleri AS earns for each ₤1 of revenue.

Above 10% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
A Net Profit Margin of 18.8% means that ₤0.19 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 18.8%. The company is making a huge profit. +2
The TTM is 13.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	18.8%	TTM	13.0%	+5.8%
TTM	13.0%	YOY	11.2%	+1.9%
TTM	13.0%	5Y	8.8%	+4.2%
5Y	8.8%	10Y	9.2%	-0.4%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	18.8%	4.1%	+14.7%
TTM	13.0%	4.7%	+8.3%
YOY	11.2%	4.0%	+7.2%
5Y	8.8%	3.1%	+5.7%
10Y	9.2%	3.0%	+6.2%

Measures how much net profit Turk Traktor ve Ziraat Makineleri AS earns for each ₤1 of revenue.

Revenue is the amount of profit Turk Traktor ve Ziraat Makineleri AS generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you ₤3. The company does not earn ₤3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is ₤1.5.

The ₤3 you pay for a cup of coffee is called revenue.
The ₤1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Turk Traktor ve Ziraat Makineleri AS earns for each ₤1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be used to compare companies within the Farm & Heavy Construction Machinery industry.

You typically want a high profit margin. This means that for each ₤1 in sales, Turk Traktor ve Ziraat Makineleri AS makes more profit. This shows the investor how efficiently Turk Traktor ve Ziraat Makineleri AS is operating in general and compared to other companies in the same industry. Turk Traktor ve Ziraat Makineleri AS operates in the Farm & Heavy Construction Machinery industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Turk Traktor ve Ziraat Makineleri AS. If profit margins remain low (compared to the Farm & Heavy Construction Machinery industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Turk Traktor ve Ziraat Makineleri AS is 0.19. This means that Turk Traktor ve Ziraat Makineleri AS earned ₤0.19 for each ₤1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Farm & Heavy Construction Machinery industry is 4.1%.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Turk Traktor ve Ziraat Makineleri AS with other companies in the same industry (Farm & Heavy Construction Machinery).
Net profit margin should rise over the years.
Can be influenced when Turk Traktor ve Ziraat Makineleri AS sells assets (profit will increase while costs remain the same).
It won’t show what part of Turk Traktor ve Ziraat Makineleri AS is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Turk Traktor ve Ziraat Makineleri AS = 1,358,966
Total revenue MRQ Turk Traktor ve Ziraat Makineleri AS = 7,218,182
₤1,358,966 / ₤7,218,182 = 0.19 or 18.8%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Turk Traktor ve Ziraat Makineleri AS is using its assets to generate profit.

Above 5% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
9.9% Return on Assets means that Turk Traktor ve Ziraat Makineleri AS generated ₤0.10 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 9.9%. Using its assets, the company is efficient in making profit. +1
The TTM is 7.1%. Using its assets, the company is efficient in making profit. +1

Trends

Current period		Compared to		+/-
MRQ	9.9%	TTM	7.1%	+2.7%
TTM	7.1%	YOY	6.6%	+0.5%
TTM	7.1%	5Y	4.3%	+2.8%
5Y	4.3%	10Y	4.1%	+0.3%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	9.9%	1.1%	+8.8%
TTM	7.1%	1.2%	+5.9%
YOY	6.6%	0.9%	+5.7%
5Y	4.3%	0.8%	+3.5%
10Y	4.1%	0.7%	+3.4%

Shows how efficient Turk Traktor ve Ziraat Makineleri AS is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Turk Traktor ve Ziraat Makineleri AS is using its resources to generate profit. If the return on assets (9.9%) from Turk Traktor ve Ziraat Makineleri AS are higher than the Farm & Heavy Construction Machinery mean (1.1%) that means Turk Traktor ve Ziraat Makineleri AS is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Turk Traktor ve Ziraat Makineleri AS is 9.9%. This means the company generated ₤0.10 for each ₤1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Farm & Heavy Construction Machinery industry is 1.1%.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Turk Traktor ve Ziraat Makineleri AS = 1,358,966
Total assets MRQ (balance sheet) from Turk Traktor ve Ziraat Makineleri AS = 13,795,942
1,358,966 / 13,795,942 = 0.10 or 9.9%

ROA is an important ratio as it will tell you how effectively Turk Traktor ve Ziraat Makineleri AS is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Turk Traktor ve Ziraat Makineleri AS is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
37.4% Return on Equity means Turk Traktor ve Ziraat Makineleri AS generated ₤0.37 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 37.4%. Using its investors money, the company is very efficient in making profit. +2
The TTM is 32.3%. Using its investors money, the company is very efficient in making profit. +2

Trends

Current period		Compared to		+/-
MRQ	37.4%	TTM	32.3%	+5.1%
TTM	32.3%	YOY	24.4%	+7.8%
TTM	32.3%	5Y	17.6%	+14.6%
5Y	17.6%	10Y	15.0%	+2.7%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	37.4%	3.0%	+34.4%
TTM	32.3%	3.2%	+29.1%
YOY	24.4%	2.7%	+21.7%
5Y	17.6%	2.1%	+15.5%
10Y	15.0%	1.9%	+13.1%

Shows how efficient Turk Traktor ve Ziraat Makineleri AS is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Farm & Heavy Construction Machinery industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Turk Traktor ve Ziraat Makineleri AS is 37.4%. This means Turk Traktor ve Ziraat Makineleri AS generated ₤0.37 for each ₤1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Farm & Heavy Construction Machinery industry is 3.0%.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if Turk Traktor ve Ziraat Makineleri AS existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Turk Traktor ve Ziraat Makineleri AS = 1,358,966
Shareholders equity (balance sheet) MRQ Turk Traktor ve Ziraat Makineleri AS = 3,638,214
1,358,966 / 3,638,214 = 0.37 or 37.4%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Turk Traktor ve Ziraat Makineleri AS.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Turk Traktor ve Ziraat Makineleri AS is operating .

Measures how much profit Turk Traktor ve Ziraat Makineleri AS 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 Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
An Operating Margin of 0.0% means the company generated ₤0.00 for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	12.6%	-12.6%
TTM	12.6%	YOY	16.7%	-4.0%
TTM	12.6%	5Y	14.3%	-1.7%
5Y	14.3%	10Y	8.1%	+6.2%

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	-	7.4%	-7.4%
TTM	12.6%	4.9%	+7.7%
YOY	16.7%	5.8%	+10.9%
5Y	14.3%	5.1%	+9.2%
10Y	8.1%	4.3%	+3.8%

Measures how efficient Turk Traktor ve Ziraat Makineleri AS is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Turk Traktor ve Ziraat Makineleri AS is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Turk Traktor ve Ziraat Makineleri AS is 0.0%. This means that Turk Traktor ve Ziraat Makineleri AS earned ₤0.00 for each ₤1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Farm & Heavy Construction Machinery industry is 7.4%.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Turk Traktor ve Ziraat Makineleri AS = 1,152,221
Total revenue MRQ Turk Traktor ve Ziraat Makineleri AS = 7,218,182
₤1,152,221 / ₤7,218,182 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Turk Traktor ve Ziraat Makineleri AS is keeping operating costs low.

Below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
An Operation Ratio of 1.62 means that the operating costs are ₤1.62 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 1.618. The company is inefficient in keeping operating costs low. -1
The TTM is 1.650. The company is inefficient in keeping operating costs low. -1

Trends

Current period		Compared to		+/-
MRQ	1.618	TTM	1.650	-0.032
TTM	1.650	YOY	1.680	-0.030
TTM	1.650	5Y	1.684	-0.034
5Y	1.684	10Y	1.297	+0.388

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.618	1.598	+0.020
TTM	1.650	1.574	+0.076
YOY	1.680	1.584	+0.096
5Y	1.684	1.551	+0.133
10Y	1.297	1.246	+0.051

Measures how efficient Turk Traktor ve Ziraat Makineleri AS is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Turk Traktor ve Ziraat Makineleri AS is 161.8%. This means that Turk Traktor ve Ziraat Makineleri AS earned ₤1.62 for each ₤1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Farm & Heavy Construction Machinery industry is 1.60.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(5,612,727 +6,065,961) \ 7,218,182 = 1.62

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Turk Traktor ve Ziraat Makineleri AS.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
A Current Ratio of 1.26 means the company has ₤1.26 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 1.256. The company is just able to pay all its short-term debts.
The TTM is 1.193. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.256	TTM	1.193	+0.063
TTM	1.193	YOY	1.400	-0.207
TTM	1.193	5Y	1.549	-0.356
5Y	1.549	10Y	0.915	+0.633

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	1.256	1.551	-0.295
TTM	1.193	1.583	-0.390
YOY	1.400	1.544	-0.144
5Y	1.549	1.653	-0.104
10Y	0.915	1.430	-0.515

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Turk Traktor ve Ziraat Makineleri AS if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Turk Traktor ve Ziraat Makineleri AS is 1.26. This means Turk Traktor ve Ziraat Makineleri AS has ₤1.26 in assets for each ₤1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm & Heavy Construction Machinery industry is 1.55.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
11,577,087 \ 9,215,711) = 1.26

The current ratio measures if Turk Traktor ve Ziraat Makineleri AS is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Turk Traktor ve Ziraat Makineleri AS is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Turk Traktor ve Ziraat Makineleri AS does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Turk Traktor ve Ziraat Makineleri AS is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
A Quick Ratio of 0.27 means the company can pay off ₤0.27 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 0.274. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.292. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.274	TTM	0.292	-0.019
TTM	0.292	YOY	0.380	-0.088
TTM	0.292	5Y	0.430	-0.138
5Y	0.430	10Y	0.602	-0.172

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.274	0.610	-0.336
TTM	0.292	0.680	-0.388
YOY	0.380	0.754	-0.374
5Y	0.430	0.768	-0.338
10Y	0.602	0.740	-0.138

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Turk Traktor ve Ziraat Makineleri AS can pay off its short term debts. This shows if Turk Traktor ve Ziraat Makineleri AS can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Turk Traktor ve Ziraat Makineleri AS is 0.27. This means that Turk Traktor ve Ziraat Makineleri AS can pay off ₤0.27 for each ₤1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 0.61.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Turk Traktor ve Ziraat Makineleri AS: ( + 420,033 +2,101,908) / 9,215,711 = 0.27

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Turk Traktor ve Ziraat Makineleri AS.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Turk Traktor ve Ziraat Makineleri AS assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to Farm & Heavy Construction Machinery industry mean.
A Debt to Asset Ratio of 0.74 means that Turk Traktor ve Ziraat Makineleri AS assets are financed with 73.6% credit (debt) and the remaining percentage (100% - 73.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 0.736. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.779. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.736	TTM	0.779	-0.042
TTM	0.779	YOY	0.720	+0.059
TTM	0.779	5Y	0.761	+0.017
5Y	0.761	10Y	0.721	+0.040

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	0.736	0.557	+0.179
TTM	0.779	0.553	+0.226
YOY	0.720	0.563	+0.157
5Y	0.761	0.572	+0.189
10Y	0.721	0.567	+0.154

Measures how much % of Turk Traktor ve Ziraat Makineleri AS assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Turk Traktor ve Ziraat Makineleri AS than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Turk Traktor ve Ziraat Makineleri AS is 0.74. This means means that Turk Traktor ve Ziraat Makineleri AS is financed with 73.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Farm & Heavy Construction Machinery industry is 155.1%.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Turk Traktor ve Ziraat Makineleri AS has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
10,157,728 \ 13,795,942 = 73.6% or 0.74.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
A Debt to Equity ratio of 279.2% means that company has ₤2.79 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 2.792. The company is unable to pay all its debts with equity. -1
The TTM is 3.634. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	2.792	TTM	3.634	-0.842
TTM	3.634	YOY	2.670	+0.963
TTM	3.634	5Y	3.342	+0.292
5Y	3.342	10Y	2.859	+0.482

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	2.792	1.250	+1.542
TTM	3.634	1.279	+2.355
YOY	2.670	1.260	+1.410
5Y	3.342	1.329	+2.013
10Y	2.859	1.382	+1.477

Measures if Turk Traktor ve Ziraat Makineleri AS is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Turk Traktor ve Ziraat Makineleri AS is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Turk Traktor ve Ziraat Makineleri AS is 2.79. This means that Turk Traktor ve Ziraat Makineleri AS can pay off ₤2.79 for each ₤1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 1.25.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
10,157,728 \ 3,638,214 = 2.79 or 279.2%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Turk Traktor ve Ziraat Makineleri AS

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₤1 in earnings Turk Traktor ve Ziraat Makineleri AS generates.

Above 15 is considered overpriced but always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
A PE ratio of 25.92 means the investor is paying ₤25.92 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The EOD is 27.098. Very good. +2
The MRQ is 25.919. Very good. +2
The TTM is 24.718. Very good. +2

Trends

Current period		Compared to		+/-
EOD	27.098	MRQ	25.919	+1.178
MRQ	25.919	TTM	24.718	+1.202
TTM	24.718	YOY	32.428	-7.711
TTM	24.718	5Y	53.042	-28.325
5Y	53.042	10Y	54.096	-1.054

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
EOD	27.098	20.126	+6.972
MRQ	25.919	20.907	+5.012
TTM	24.718	24.510	+0.208
YOY	32.428	29.142	+3.286
5Y	53.042	32.004	+21.038
10Y	54.096	54.096	+0.000

Measures how much money you pay for each share for every ₤1 in earnings Turk Traktor ve Ziraat Makineleri AS generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Turk Traktor ve Ziraat Makineleri AS to the Farm & Heavy Construction Machinery industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Turk Traktor ve Ziraat Makineleri AS is 25.92. This means the investor is paying ₤25.92 for every ₤1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Farm & Heavy Construction Machinery industry is 20.91.
What is the trend?
The trend is important because it shows you how Turk Traktor ve Ziraat Makineleri AS is performing over time. The most recent quarter might be important if Turk Traktor ve Ziraat Makineleri AS released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Turk Traktor ve Ziraat Makineleri AS up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Turk Traktor ve Ziraat Makineleri AS

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
\ 53,369 = EPS
PE ratio MRQ = 25.92

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Turk Traktor ve Ziraat Makineleri AS.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The MRQ is 12.449. Seems overpriced? -1
The TTM is 19.996. Seems overpriced? -1

Trends

Current period		Compared to		+/-
MRQ	12.449	TTM	19.996	-7.547
TTM	19.996	YOY	35.259	-15.262
TTM	19.996	5Y	148.579	-128.583
5Y	148.579	10Y	104.517	+44.062

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
MRQ	12.449	22.197	-9.748
TTM	19.996	50.917	-30.921
YOY	35.259	65.750	-30.491
5Y	148.579	160.885	-12.306
10Y	104.517	230.049	-125.532

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Turk Traktor ve Ziraat Makineleri AS is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Farm & Heavy Construction Machinery industry mean).
A PB ratio of 9.68 means the investor is paying ₤9.68 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Turk Traktor ve Ziraat Makineleri AS:

The EOD is 10.122. Seems overpriced? -1
The MRQ is 9.682. Seems overpriced? -1
The TTM is 8.034. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	10.122	MRQ	9.682	+0.440
MRQ	9.682	TTM	8.034	+1.647
TTM	8.034	YOY	7.742	+0.292
TTM	8.034	5Y	5.754	+2.280
5Y	5.754	10Y	6.123	-0.369

Compared to industry (Farm & Heavy Construction Machinery)

Period	Company	Industry (mean)	+/-
EOD	10.122	1.550	+8.572
MRQ	9.682	1.452	+8.230
TTM	8.034	1.557	+6.477
YOY	7.742	2.143	+5.599
5Y	5.754	1.955	+3.799
10Y	6.123	2.103	+4.020

2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Turk Traktor ve Ziraat Makineleri AS compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	23.637	7.435	+218%	2.857	+727%	2.786	+748%	1.393	+1596%
Book Value Growth	-	-	1.531	1.217	+26%	1.138	+35%	1.113	+38%	1.069	+43%
Book Value Per Share	-	-	68.171	42.445	+61%	26.429	+158%	22.318	+205%	16.853	+304%
Book Value Per Share Growth	-	-	1.531	1.217	+26%	1.138	+35%	1.117	+37%	1.068	+43%
Current Ratio	-	-	1.256	1.193	+5%	1.400	-10%	1.549	-19%	0.915	+37%
Debt To Asset Ratio	-	-	0.736	0.779	-5%	0.720	+2%	0.761	-3%	0.721	+2%
Debt To Equity Ratio	-	-	2.792	3.634	-23%	2.670	+5%	3.342	-16%	2.859	-2%
Dividend Per Share	-	-	-	5.621	-100%	20.845	-100%	8.618	-100%	6.421	-100%
Eps	-	-	25.464	13.917	+83%	6.194	+311%	5.079	+401%	3.229	+689%
Eps Growth	-	-	2.082	1.354	+54%	1.164	+79%	1.423	+46%	1.251	+66%
Free Cash Flow Per Share	-	-	29.827	10.322	+189%	2.438	+1123%	4.755	+527%	3.622	+724%
Free Cash Flow Per Share Growth	-	-	1.364	-1.012	+174%	-0.068	+105%	2.213	-38%	6.381	-79%
Free Cash Flow To Equity Per Share	-	-	29.827	13.223	+126%	-2.613	+109%	3.531	+745%	2.724	+995%
Free Cash Flow To Equity Per Share Growth	-	-	1.276	2.848	-55%	-1.125	+188%	1.141	+12%	7.042	-82%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	4361.626	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	521.235	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	98.713	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	21.033	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	554.458	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	90.592	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	1321.087	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	189.643	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	0.188	0.130	+45%	0.112	+69%	0.088	+114%	0.092	+104%
Operating Margin	-	-	-	0.126	-100%	0.167	-100%	0.143	-100%	0.081	-100%
Operating Ratio	-	-	1.618	1.650	-2%	1.680	-4%	1.684	-4%	1.297	+25%
Pb Ratio	10.122	+4%	9.682	8.034	+21%	7.742	+25%	5.754	+68%	6.123	+58%
Pe Ratio	27.098	+4%	25.919	24.718	+5%	32.428	-20%	53.042	-51%	54.096	-52%
Peg Ratio	-	-	12.449	19.996	-38%	35.259	-65%	148.579	-92%	104.517	-88%
Price Per Share	690.000	+4%	660.000	347.400	+90%	190.525	+246%	146.053	+352%	109.247	+504%
Price To Total Gains Ratio	29.192	+4%	27.922	26.341	+6%	12.452	+124%	43.914	-36%	30.321	-8%
Profit Growth	-	-	2.082	1.354	+54%	1.164	+79%	1.419	+47%	1.253	+66%
Quick Ratio	-	-	0.274	0.292	-6%	0.380	-28%	0.430	-36%	0.602	-55%
Return On Assets	-	-	0.099	0.071	+38%	0.066	+49%	0.043	+128%	0.041	+143%
Return On Equity	-	-	0.374	0.323	+16%	0.244	+53%	0.176	+112%	0.150	+150%
Revenue Growth	-	-	1.258	1.191	+6%	1.122	+12%	1.114	+13%	1.089	+16%
Total Gains Per Share	-	-	23.637	13.056	+81%	23.702	0%	11.404	+107%	7.814	+202%
Total Gains Per Share Growth	-	-	1.984	1.163	+71%	1.662	+19%	1.882	+5%	1.754	+13%
Usd Book Value	-	-	174270442.409	108505931.727	+61%	67562590.115	+158%	57056497.987	+205%	43231953.684	+303%
Usd Book Value Change Per Share	-	-	1.132	0.356	+218%	0.137	+727%	0.133	+748%	0.067	+1596%
Usd Book Value Per Share	-	-	3.265	2.033	+61%	1.266	+158%	1.069	+205%	0.807	+304%
Usd Dividend Per Share	-	-	-	0.269	-100%	0.998	-100%	0.413	-100%	0.308	-100%
Usd Eps	-	-	1.220	0.667	+83%	0.297	+311%	0.243	+401%	0.155	+689%
Usd Free Cash Flow	-	-	76248732.826	26385738.639	+189%	6232090.429	+1123%	12153982.453	+527%	8420271.321	+806%
Usd Free Cash Flow Per Share	-	-	1.429	0.494	+189%	0.117	+1123%	0.228	+527%	0.173	+724%
Usd Free Cash Flow To Equity Per Share	-	-	1.429	0.633	+126%	-0.125	+109%	0.169	+745%	0.130	+995%
Usd Price Per Share	33.051	+4%	31.614	16.640	+90%	9.126	+246%	6.996	+352%	5.233	+504%
Usd Profit	-	-	65094466.227	35577947.268	+83%	15833196.235	+311%	12984850.066	+401%	8274718.681	+687%
Usd Revenue	-	-	345750925.033	261469701.112	+32%	139439264.404	+148%	113674550.915	+204%	75810750.702	+356%
Usd Total Gains Per Share	-	-	1.132	0.625	+81%	1.135	0%	0.546	+107%	0.374	+202%
	EOD	+2 -3	MRQ	TTM	+33 -8	YOY	+30 -11	5Y	+32 -9	10Y	+30 -11

3.2. Fundamental Score

Let's check the fundamental score of Turk Traktor ve Ziraat Makineleri AS based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	27.098
Price to Book Ratio (EOD)	Between	0-1	10.122
Net Profit Margin (MRQ)	Greater than	0	0.188
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.274
Current Ratio (MRQ)	Greater than	1	1.256
Debt to Asset Ratio (MRQ)	Less than	1	0.736
Debt to Equity Ratio (MRQ)	Less than	1	2.792
Return on Equity (MRQ)	Greater than	0.15	0.374
Return on Assets (MRQ)	Greater than	0.05	0.099
Total			5/10 (50.0%)

Create your own Stock Scanner

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3.3. Technical Score

Let's check the technical score of Turk Traktor ve Ziraat Makineleri AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	75.944
Ma 20	Greater than	Ma 50	575.555
Ma 50	Greater than	Ma 100	549.144
Ma 100	Greater than	Ma 200	550.488
Open	Greater than	Close	664.300
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in TRY. All numbers in thousands.

Summary

Total Assets	13,795,942
Total Liabilities	10,157,728
Total Stockholder Equity	3,638,214

	As reported
Total Liabilities	10,157,728
Total Stockholder Equity	+ 3,638,214
Total Assets	= 13,795,942

Assets

Total Assets	13,795,942
Total Current Assets	11,577,087
Long-term Assets	11,577,087

Total Current Assets

Total Current Assets (as reported)	11,577,087
Cash And Cash Equivalents	4,416,873
Short-term Investments	420,033
Net Receivables	2,101,908
Inventory	3,614,963
Total Current Assets (calculated)	10,553,777
+/-	1,023,310

Long-term Assets

Long-term Assets (as reported)	2,218,855
Intangible Assets	621,821
Long-term Assets (calculated)	621,821
+/-	1,597,035

Liabilities & Shareholders' Equity

Total Current Liabilities	9,215,711
Long-term Liabilities	942,017
Total Stockholder Equity	3,638,214

Total Current Liabilities

Total Current Liabilities (as reported)	9,215,711
Short Long Term Debt	3,280,608
Accounts payable	4,925,215
Other Current Liabilities	124,655
Total Current Liabilities (calculated)	8,330,478
+/-	885,233

Long-term Liabilities

Long-term Liabilities (as reported)	942,017
Long term Debt	507,427
Capital Lease Obligations Min Short Term Debt	102,158
Long-term Liabilities (calculated)	609,585
+/-	332,432

Total Stockholder Equity

Total Stockholder Equity (as reported)	3,638,214
Retained Earnings	3,448,140
Total Stockholder Equity (calculated)	3,448,140
+/-	190,073

Other

Capital Stock	53,369
Common Stock Shares Outstanding	53,369
Net Invested Capital	7,426,249
Net Working Capital	2,361,376

Balance Sheet

Currency in TRY. All numbers in thousands.

Trend

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-03-31

2005-12-31

2004-12-31

2003-12-31

> Total Assets

357,769
427,764
363,222
0
374,295
374,295
416,195
330,911
606,906
743,503
780,759
838,790
963,145
998,594
786,804
713,208
713,208
747,075
766,845
886,173
966,108
963,897
1,071,938
1,239,958
1,438,761
1,394,195
1,270,229
1,319,741
1,290,408
1,393,609
1,274,453
1,494,613
1,687,426
1,800,009
1,780,201
1,914,047
2,002,015
1,980,235
2,161,433
2,016,048
2,404,480
2,199,794
2,115,841
2,302,191
2,709,667
2,556,753
2,721,888
2,788,701
2,744,608
2,992,751
3,138,264
3,093,254
3,332,530
3,324,178
2,859,048
2,915,771
3,206,988
2,981,704
3,730,534
4,592,006
4,354,339
4,728,395
4,588,732
6,110,647
7,422,481
8,668,165
9,688,988
13,795,942

13,795,942

9,688,988

8,668,165

7,422,481

6,110,647

4,588,732

4,728,395

4,354,339

4,592,006

3,730,534

2,981,704

3,206,988

2,915,771

2,859,048

3,324,178

3,332,530

3,093,254

3,138,264

2,992,751

2,744,608

2,788,701

2,721,888

2,556,753

2,709,667

2,302,191

2,115,841

2,199,794

2,404,480

2,016,048

2,161,433

1,980,235

2,002,015

1,914,047

1,780,201

1,800,009

1,687,426

1,494,613

1,274,453

1,393,609

1,290,408

1,319,741

1,270,229

1,394,195

1,438,761

1,239,958

1,071,938

963,897

966,108

886,173

766,845

747,075

713,208

786,804

998,594

963,145

838,790

780,759

743,503

606,906

330,911

416,195

374,295

363,222

427,764

357,769

> 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
0
0
0
0
0
0
1,799,262
1,954,090
1,996,368
1,916,785
2,151,693
2,262,018
2,162,520
2,355,265
2,336,389
1,889,074
1,935,831
2,227,071
2,027,575
2,762,747
3,668,750
3,393,062
3,676,976
3,528,805
4,939,922
6,099,946
7,122,932
8,000,143
11,577,087

11,577,087

8,000,143

7,122,932

6,099,946

4,939,922

3,528,805

3,676,976

3,393,062

3,668,750

2,762,747

2,027,575

2,227,071

1,935,831

1,889,074

2,336,389

2,355,265

2,162,520

2,262,018

2,151,693

1,916,785

1,996,368

1,954,090

1,799,262

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
0
0
0
0
0
0
459,782
501,432
441,722
91,967
154,714
326,612
412,669
599,421
827,969
616,755
746,807
1,119,918
856,925
1,411,940
1,890,431
1,521,128
1,446,478
1,114,057
1,566,587
1,731,740
1,536,370
2,777,893
4,416,873

4,416,873

2,777,893

1,536,370

1,731,740

1,566,587

1,114,057

1,446,478

1,521,128

1,890,431

1,411,940

856,925

1,119,918

746,807

616,755

827,969

599,421

412,669

326,612

154,714

91,967

441,722

501,432

459,782

Short-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
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
420,033

420,033

Net Receivables

133,024
241,837
159,363
0
139,552
139,552
161,288
181,628
253,378
326,240
358,500
338,159
326,044
336,050
308,155
317,369
317,369
360,425
356,892
367,169
322,927
357,911
371,055
513,239
513,581
572,289
419,623
384,170
417,078
473,184
365,676
402,561
479,165
605,220
615,358
532,550
627,073
586,703
696,967
529,631
631,067
624,436
587,200
687,047
923,956
773,012
796,275
864,520
882,824
895,907
636,177
509,091
637,321
537,524
486,512
522,487
543,563
599,197
611,559
841,468
817,124
1,084,970
942,998
1,408,929
1,387,403
1,937,313
2,109,555
2,101,908

2,101,908

2,109,555

1,937,313

1,387,403

1,408,929

942,998

1,084,970

817,124

841,468

611,559

599,197

543,563

522,487

486,512

537,524

637,321

509,091

636,177

895,907

882,824

864,520

796,275

773,012

923,956

687,047

587,200

624,436

631,067

529,631

696,967

586,703

627,073

532,550

615,358

605,220

479,165

402,561

365,676

473,184

417,078

384,170

419,623

572,289

513,581

513,239

371,055

357,911

322,927

367,169

356,892

360,425

317,369

308,155

336,050

326,044

338,159

358,500

326,240

253,378

181,628

161,288

139,552

159,363

241,837

133,024

Other Current Assets

7,006
12,543
370
0
15
15
618
418
2,313
3,793
13,934
10,440
4,895
27,474
20,481
294
294
1,124
30,867
278
84,141
91,541
79,192
2,453
103,953
103,205
53,506
48,560
53,478
52,145
57,040
60,431
66,184
84,090
88,791
81,129
92,337
85,174
81,652
82,551
89,188
129,208
105,352
111,069
65,064
94,801
121,757
123,820
122,379
141,956
174,112
155,238
8,251
22
993
34,130
11,859
13,608
28,707
65,093
76,893
92,184
108,503
222,388
452,352
516,763
395,684
0

395,684

516,763

452,352

222,388

108,503

92,184

76,893

65,093

28,707

13,608

11,859

34,130

993

8,251

155,238

174,112

141,956

122,379

123,820

121,757

94,801

65,064

111,069

105,352

129,208

89,188

82,551

81,652

85,174

92,337

81,129

88,791

84,090

66,184

60,431

57,040

52,145

53,478

48,560

53,506

103,205

103,953

2,453

79,192

91,541

84,141

278

30,867

1,124

294

20,481

27,474

4,895

10,440

13,934

3,793

2,313

418

618

370

12,543

7,006

> 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
0
0
0
0
0
0
977,265
987,790
969,974
979,940
979,917
954,129
967,788
923,256
961,277
1,051,419
1,059,927
1,170,724
1,322,535
1,545,233
1,688,845
2,218,855

2,218,855

1,688,845

1,545,233

1,322,535

1,170,724

1,059,927

1,051,419

961,277

923,256

967,788

954,129

979,917

979,940

969,974

987,790

977,265

Property Plant Equipment

89,397
72,415
56,777
0
43,891
43,891
41,257
39,049
41,936
40,473
39,353
39,446
39,610
38,223
36,957
37,907
37,907
36,862
37,198
55,964
55,948
58,964
62,746
109,971
111,949
118,696
131,256
156,993
166,228
190,879
218,731
274,193
293,960
344,258
366,905
454,155
449,686
449,340
456,475
469,389
464,557
466,459
453,152
458,902
459,131
462,353
463,935
497,227
498,817
501,633
524,161
590,237
631,522
620,774
604,432
610,555
602,959
581,196
566,933
579,613
568,698
601,901
618,564
652,480
717,378
790,138
827,757
0

827,757

790,138

717,378

652,480

618,564

601,901

568,698

579,613

566,933

581,196

602,959

610,555

604,432

620,774

631,522

590,237

524,161

501,633

498,817

497,227

463,935

462,353

459,131

458,902

453,152

466,459

464,557

469,389

456,475

449,340

449,686

454,155

366,905

344,258

293,960

274,193

218,731

190,879

166,228

156,993

131,256

118,696

111,949

109,971

62,746

58,964

55,948

55,964

37,198

36,862

37,907

36,957

38,223

39,610

39,446

39,353

40,473

41,936

39,049

41,257

43,891

56,777

72,415

89,397

Intangible Assets

257
241
267
0
392
392
452
411
632
597
617
578
539
486
439
575
575
657
647
1,018
19,266
20,395
1,587
1,704
1,691
2,446
2,520
2,750
2,750
2,639
3,066
4,504
4,071
4,197
3,735
5,318
5,373
5,561
9,252
7,529
7,325
7,111
24,901
38,860
37,789
38,568
39,949
44,337
45,647
48,552
47,551
54,583
275,843
287,617
290,861
295,718
298,806
300,037
306,074
336,746
338,924
350,525
355,601
438,577
463,962
515,313
549,396
621,821

621,821

549,396

515,313

463,962

438,577

355,601

350,525

338,924

336,746

306,074

300,037

298,806

295,718

290,861

287,617

275,843

54,583

47,551

48,552

45,647

44,337

39,949

38,568

37,789

38,860

24,901

7,111

7,325

7,529

9,252

5,561

5,373

5,318

3,735

4,197

4,071

4,504

3,066

2,639

2,750

2,520

2,446

1,691

1,704

1,587

20,395

19,266

1,018

647

657

575

439

486

539

578

617

597

632

411

452

392

267

241

257

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
0
0
0
0
0
0
977,265
987,790
969,974
979,940
979,917
0
0
0
0
0
0
0
0
0
0
0

979,917

979,940

969,974

987,790

977,265

> Total Liabilities

159,394
197,639
88,092
0
80,834
80,834
98,674
96,332
303,970
412,133
512,210
550,517
677,592
734,124
507,916
412,507
412,507
434,466
409,125
418,002
574,242
477,674
520,097
644,365
779,106
832,553
658,460
655,951
766,332
792,935
605,352
751,295
1,174,673
1,215,302
1,140,698
1,209,184
1,453,041
1,370,057
1,488,066
1,365,141
1,973,592
1,635,577
1,495,672
1,602,330
2,206,430
1,974,287
2,064,247
2,030,932
2,238,177
2,419,480
2,570,151
2,441,396
2,675,866
2,656,438
2,160,011
2,151,757
2,460,065
2,157,567
2,709,725
3,150,839
3,407,002
3,514,833
3,158,654
4,059,652
6,117,157
6,927,398
7,312,255
10,157,728

10,157,728

7,312,255

6,927,398

6,117,157

4,059,652

3,158,654

3,514,833

3,407,002

3,150,839

2,709,725

2,157,567

2,460,065

2,151,757

2,160,011

2,656,438

2,675,866

2,441,396

2,570,151

2,419,480

2,238,177

2,030,932

2,064,247

1,974,287

2,206,430

1,602,330

1,495,672

1,635,577

1,973,592

1,365,141

1,488,066

1,370,057

1,453,041

1,209,184

1,140,698

1,215,302

1,174,673

751,295

605,352

792,935

766,332

655,951

658,460

832,553

779,106

644,365

520,097

477,674

574,242

418,002

409,125

434,466

412,507

507,916

734,124

677,592

550,517

512,210

412,133

303,970

96,332

98,674

80,834

88,092

197,639

159,394

> Total Current Liabilities

140,014
189,288
73,802
0
73,692
73,692
92,670
90,023
221,208
356,536
468,138
508,566
649,380
603,772
366,714
308,150
308,150
250,739
254,777
361,766
544,538
446,168
449,093
499,648
612,365
677,140
534,794
437,504
573,623
581,596
374,827
385,812
651,536
815,019
695,823
737,880
820,497
753,522
919,693
853,637
1,469,755
1,113,510
670,234
786,816
1,181,229
925,106
1,026,886
1,113,275
1,111,908
1,150,124
959,645
1,082,295
1,625,035
1,845,515
1,335,174
1,095,038
1,531,199
1,110,113
1,662,988
2,025,020
2,400,988
2,817,396
2,496,568
3,366,758
5,402,410
5,991,467
6,676,476
9,215,711

9,215,711

6,676,476

5,991,467

5,402,410

3,366,758

2,496,568

2,817,396

2,400,988

2,025,020

1,662,988

1,110,113

1,531,199

1,095,038

1,335,174

1,845,515

1,625,035

1,082,295

959,645

1,150,124

1,111,908

1,113,275

1,026,886

925,106

1,181,229

786,816

670,234

1,113,510

1,469,755

853,637

919,693

753,522

820,497

737,880

695,823

815,019

651,536

385,812

374,827

581,596

573,623

437,504

534,794

677,140

612,365

499,648

449,093

446,168

544,538

361,766

254,777

250,739

308,150

366,714

603,772

649,380

508,566

468,138

356,536

221,208

90,023

92,670

73,692

73,802

189,288

140,014

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
0
0
0
0
0
0
1,244,201
270,225
270,982
180,410
216,951
242,779
384,503
1,055,894
1,218,082
740,441
388,065
0
0
0
0
0
0
0
0
0
0
0
0

388,065

740,441

1,218,082

1,055,894

384,503

242,779

216,951

180,410

270,982

270,225

1,244,201

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
0
0
0
0
0
0
1,244,201
270,225
270,982
180,410
216,951
242,779
384,503
1,055,894
1,218,082
740,441
388,065
640,231
340,691
335,061
237,854
308,962
521,744
571,643
569,078
1,901,141
2,342,877
2,867,311
3,280,608

3,280,608

2,867,311

2,342,877

1,901,141

569,078

571,643

521,744

308,962

237,854

335,061

340,691

640,231

388,065

740,441

1,218,082

1,055,894

384,503

242,779

216,951

180,410

270,982

270,225

1,244,201

Accounts payable

29,163
21,244
23,712
0
32,172
32,172
51,752
49,840
91,810
128,769
123,334
128,312
112,529
102,026
62,401
65,774
65,774
148,709
156,802
195,750
241,212
307,238
272,955
333,974
364,774
311,138
209,805
220,290
295,966
325,027
297,740
306,090
435,357
468,563
373,800
448,673
510,290
451,189
537,996
552,367
593,522
617,534
367,000
494,130
580,553
562,040
655,620
725,481
809,851
681,155
520,691
512,581
447,794
507,253
483,178
608,844
811,233
631,952
1,082,991
1,478,165
1,632,105
1,755,058
1,593,464
2,409,464
2,987,367
3,171,231
3,090,914
4,925,215

4,925,215

3,090,914

3,171,231

2,987,367

2,409,464

1,593,464

1,755,058

1,632,105

1,478,165

1,082,991

631,952

811,233

608,844

483,178

507,253

447,794

512,581

520,691

681,155

809,851

725,481

655,620

562,040

580,553

494,130

367,000

617,534

593,522

552,367

537,996

451,189

510,290

448,673

373,800

468,563

435,357

306,090

297,740

325,027

295,966

220,290

209,805

311,138

364,774

333,974

272,955

307,238

241,212

195,750

156,802

148,709

65,774

62,401

102,026

112,529

128,312

123,334

128,769

91,810

49,840

51,752

32,172

23,712

21,244

29,163

Other Current Liabilities

39,066
23,206
30,068
0
21,628
21,628
19,820
14,186
35,212
49,700
54,698
62,960
32,056
22,385
17,928
18,181
18,181
33,360
40,102
38,095
218,705
68,341
72,420
53,429
73,463
69,632
65,541
56,277
84,827
73,968
76,940
65,019
160,260
77,076
84,141
72,617
112,966
101,130
107,587
94,424
399,006
121,424
123,211
104,650
353,277
109,652
100,733
116,811
120,429
66,786
64,397
77,120
20,385
21,882
17,917
58,535
58,355
87,884
189,628
244,775
417,152
486,081
273,987
293,551
394,218
380,318
601,834
124,655

124,655

601,834

380,318

394,218

293,551

273,987

486,081

417,152

244,775

189,628

87,884

58,355

58,535

17,917

21,882

20,385

77,120

64,397

66,786

120,429

116,811

100,733

109,652

353,277

104,650

123,211

121,424

399,006

94,424

107,587

101,130

112,966

72,617

84,141

77,076

160,260

65,019

76,940

73,968

84,827

56,277

65,541

69,632

73,463

53,429

72,420

68,341

218,705

38,095

40,102

33,360

18,181

17,928

22,385

32,056

62,960

54,698

49,700

35,212

14,186

19,820

21,628

30,068

23,206

39,066

> 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
0
0
0
0
0
0
1,050,831
810,923
824,838
1,056,719
928,866
1,047,453
1,046,736
1,125,819
1,006,014
697,437
662,087
692,895
714,747
935,931
635,779
942,017

942,017

635,779

935,931

714,747

692,895

662,087

697,437

1,006,014

1,125,819

1,046,736

1,047,453

928,866

1,056,719

824,838

810,923

1,050,831

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
0
0
0
0
0
0
-1,244,201
-270,225
-270,982
-180,410
-216,951
-242,779
-384,503
-1,018,522
-1,183,082
-709,833
-359,382
26,753
27,635
26,898
29,538
22,828
23,905
19,656
28,533
32,755
29,958
25,610
102,158

102,158

25,610

29,958

32,755

28,533

19,656

23,905

22,828

29,538

26,898

27,635

26,753

-359,382

-709,833

-1,183,082

-1,018,522

-384,503

-242,779

-216,951

-180,410

-270,982

-270,225

-1,244,201

Deferred Long Term Liability

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
151,501
156,348
171,562
177,578
182,620
195,978
214,163
223,630
233,476
236,808
239,396
244,826
247,555
252,561
273,268
279,448
289,324
295,489
365,179
391,352
436,341
465,844
0

465,844

436,341

391,352

365,179

295,489

289,324

279,448

273,268

252,561

247,555

244,826

239,396

236,808

233,476

223,630

214,163

195,978

182,620

177,578

171,562

156,348

151,501

> Total Stockholder Equity

198,375
230,125
275,130
275,130
293,462
293,462
317,521
234,579
302,936
331,370
268,549
288,273
285,553
264,470
278,888
300,701
300,701
312,610
357,719
468,171
391,866
486,223
551,841
595,593
659,654
561,643
611,770
663,790
524,075
600,673
669,101
743,318
512,752
584,707
639,503
704,863
548,975
610,178
673,367
650,907
430,888
564,217
620,169
699,861
503,237
582,466
657,641
757,770
506,430
573,271
568,113
651,858
656,664
667,740
699,037
764,014
746,923
824,138
1,020,809
1,441,166
947,337
1,213,562
1,430,077
2,050,994
1,305,324
1,740,767
2,376,733
3,638,214

3,638,214

2,376,733

1,740,767

1,305,324

2,050,994

1,430,077

1,213,562

947,337

1,441,166

1,020,809

824,138

746,923

764,014

699,037

667,740

656,664

651,858

568,113

573,271

506,430

757,770

657,641

582,466

503,237

699,861

620,169

564,217

430,888

650,907

673,367

610,178

548,975

704,863

639,503

584,707

512,752

743,318

669,101

600,673

524,075

663,790

611,770

561,643

659,654

595,593

551,841

486,223

391,866

468,171

357,719

312,610

300,701

278,888

264,470

285,553

288,273

268,549

331,370

302,936

234,579

317,521

293,462

275,130

230,125

198,375

Common Stock

47,000
47,000
47,000
0
47,000
47,000
47,000
47,000
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
53,369
0

53,369

47,000

Retained Earnings

112,361
144,111
118,108
0
168,882
168,882
171,443
92,193
227,218
245,642
184,876
208,494
200,010
174,022
188,448
213,887
213,887
225,795
270,905
381,357
305,052
399,409
465,027
508,778
572,840
474,828
524,955
576,976
437,261
513,773
582,180
656,754
426,185
498,578
552,837
617,841
461,936
530,299
595,067
574,641
354,894
488,715
550,761
644,437
449,815
532,334
611,125
715,193
471,394
551,947
581,123
655,300
527,261
541,039
563,284
767,193
751,188
827,755
1,027,633
1,443,637
941,894
1,202,097
1,423,875
1,915,824
1,192,419
1,675,146
2,327,877
3,448,140

3,448,140

2,327,877

1,675,146

1,192,419

1,915,824

1,423,875

1,202,097

941,894

1,443,637

1,027,633

827,755

751,188

767,193

563,284

541,039

527,261

655,300

581,123

551,947

471,394

715,193

611,125

532,334

449,815

644,437

550,761

488,715

354,894

574,641

595,067

530,299

461,936

617,841

552,837

498,578

426,185

656,754

582,180

513,773

437,261

576,976

524,955

474,828

572,840

508,778

465,027

399,409

305,052

381,357

270,905

225,795

213,887

188,448

174,022

200,010

208,494

184,876

245,642

227,218

92,193

171,443

168,882

118,108

144,111

112,361

Capital Surplus

Treasury Stock

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
0
0
0
0
0
0
-3,238
-6,853
-10,793
-18,333
-32,046
-66,380
-56,811
-59,587
-62,288
-53,236
-56,548
-57,634
-56,987
-60,193
-55,839
-47,927
-41,905
-47,167
81,801
59,536
12,252
-4,513
0

-4,513

12,252

59,536

81,801

-47,167

-41,905

-47,927

-55,839

-60,193

-56,987

-57,634

-56,548

-53,236

-62,288

-59,587

-56,811

-66,380

-32,046

-18,333

-10,793

-6,853

-3,238

Balance Sheet

Currency in TRY. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Accounts Payable	4,925,215	2,409,464	1,478,165	608,844	512,581	725,481	494,130	552,367	448,673	306,090	220,290	333,974	195,750	65,774	112,529	54,733	32,172	23,712	21,244	29,163
Capital Lease Obligations	102,158	28,533	29,538	28,683	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	53,369	53,369	53,369	53,369	53,369	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	4,416,873	1,566,587	1,890,431	746,807	412,669	441,722	228,417	244,281	269,229	209,323	378,971	245,352	248,557	80,690	115,684	44,989	103,390	77,671	22,350	57,562
Common Stock	-	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	47,000	47,000	47,000	47,000	47,000
Common Stock Shares Outstanding	53,369	53,369	53,369	53,369	53,369	53,369	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	-	365,179	273,268	239,396	214,163	171,562	139,227	113,361	88,442	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	621,821	438,577	336,746	295,718	268,747	215,899	178,087	7,529	5,318	4,504	2,750	1,704	18,326	575	539	377	392	266	241	257
Inventory	3,614,963	1,739,360	870,864	631,694	1,084,439	566,306	556,452	517,663	436,283	413,399	292,622	307,738	129,799	140,287	275,109	78,671	61,866	60,189	70,573	62,178
Long Term Debt	507,427	537,231	1,026,898	979,761	1,303,203	855,924	760,154	465,936	441,661	333,888	194,830	122,900	41,033	98,056	20,638	-	-	7,996	-	-
Net Debt	-	-	-	621,020	1,360,071	685,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	7,426,249	3,157,303	2,705,919	2,131,841	2,424,597	1,884,676	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	2,101,908	1,408,929	841,468	522,487	509,091	864,520	687,047	529,631	532,550	402,561	384,171	513,238	277,128	317,369	306,628	230,232	139,553	159,363	241,837	133,024
Net Tangible Assets	-	1,977,596	1,377,689	707,692	597,274	713,432	661,001	643,378	699,545	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	2,361,376	1,573,165	1,643,729	840,793	1,080,225	883,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	2,218,855	1,170,724	923,256	979,940	930,734	792,333	719,206	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	942,017	692,895	1,125,819	1,056,719	1,359,101	917,657	815,514	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	979,940	930,734	792,333	719,206	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	-	444,847	280,166	313,064	285,914	250,769	221,444	165,004	135,384	130,202	55,675	59,501	72,631	136,085	194,723	8,773	20,381	2,440	1	-
Other Current Assets	-	222,388	65,093	34,130	155,238	122,459	109,983	81,996	81,128	60,431	48,560	2,453	83,766	294	24,311	680	15	370	12,543	7,006
Other Current Liab	124,655	293,551	244,775	58,535	77,120	86,811	65,489	77,273	72,617	65,019	56,276	53,429	45,709	18,181	32,056	37,465	21,628	30,068	23,206	39,066
Other Liab	-	137,631	84,006	57,307	55,898	61,733	55,360	45,568	29,643	31,596	23,617	21,817	7,588	6,301	7,574	6,292	7,141	6,294	7,320	5,947
Other Stockholder Equity	-	81,801	-55,839	-56,548	-56,811	-10,793	2,055	22,898	33,653	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	-	652,480	579,613	610,555	590,237	497,227	458,902	469,389	454,155	274,193	156,993	109,971	55,964	37,907	39,610	37,763	43,891	56,777	72,415	89,397
Retained Earnings	3,448,140	1,915,824	1,443,637	767,193	655,300	715,193	644,437	574,641	617,841	656,754	576,976	508,778	381,357	213,887	200,010	152,948	168,882	118,108	144,111	112,361
Short Long Term Debt	3,280,608	569,078	237,854	388,065	469,537	270,982	188,037	206,845	94,964	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	388,065	469,537	270,982	188,037	206,845	94,964	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	420,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	13,795,942	6,110,647	4,592,006	2,915,771	3,093,254	2,788,701	2,302,191	2,016,048	1,914,047	1,494,613	1,319,741	1,239,958	886,173	713,208	963,145	406,295	374,295	363,222	427,764	357,769
Total Current Assets	11,577,087	4,939,922	3,668,750	1,935,831	2,162,520	1,996,368	1,582,985	1,374,126	1,319,191	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	9,215,711	3,366,758	2,025,020	1,095,038	1,082,295	1,113,275	786,816	853,636	737,880	385,812	437,504	499,648	369,381	308,150	649,380	122,475	73,692	73,802	189,287	140,014
Total Liab	10,157,728	4,059,652	3,150,839	2,151,757	2,441,396	2,030,932	1,602,330	1,365,141	1,209,184	751,295	655,951	644,365	418,002	412,507	677,592	128,767	80,834	88,092	197,639	159,394
Total Stockholder Equity	3,638,214	2,050,994	1,441,166	764,014	651,858	757,769	699,861	650,907	704,863	743,318	663,790	595,592	468,171	300,701	285,553	277,528	293,462	275,130	230,125	198,375

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-03-31	2005-12-31	2004-12-31	2003-12-31
Accounts Payable	4,925,215	3,090,914	3,171,231	2,987,367	2,409,464	1,593,464	1,755,058	1,632,105	1,478,165	1,082,991	631,952	811,233	608,844	483,178	507,253	447,794	512,581	520,691	681,155	809,851	725,481	655,620	562,040	580,553	494,130	367,000	617,534	593,522	552,367	537,996	451,189	510,290	448,673	373,800	468,563	435,357	306,090	297,740	325,027	295,966	220,290	209,805	311,138	364,774	333,974	272,955	307,238	241,212	195,750	156,802	148,709	65,774	65,774	62,401	102,026	112,529	128,312	123,334	128,769	91,810	49,840	51,752	32,172	32,172	-	23,712	21,244	29,163
Capital Lease Obligations	102,158	25,610	29,958	32,755	28,533	19,656	23,905	22,828	29,538	26,898	27,635	26,753	28,683	30,608	35,000	37,372	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	53,369	53,369	53,369	53,369	53,369	53,369	53,369	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	4,416,873	2,777,893	1,536,370	1,731,740	1,566,587	1,114,057	1,446,478	1,521,128	1,890,431	1,411,940	856,925	1,119,918	746,807	616,755	827,969	599,421	412,669	326,612	154,714	91,967	441,722	501,432	459,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock	-	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	47,000	47,000	47,000	47,000	-	47,000	47,000	47,000
Common Stock Shares Outstanding	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,369	53,371	53,379	53,356	53,368	53,368	53,368	53,525	60,859	55,880	53,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Long Term Liab	-	465,844	436,341	391,352	365,179	295,489	289,324	279,448	273,268	252,561	247,555	244,826	239,396	236,808	233,476	223,630	214,163	195,978	182,620	177,578	171,562	156,348	151,501	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible Assets	621,821	549,396	515,313	463,962	438,577	355,601	350,525	338,924	336,746	306,074	300,037	298,806	295,718	290,861	287,617	275,843	54,583	47,551	48,552	45,647	44,337	39,949	38,568	37,789	38,860	24,901	7,111	7,325	7,529	9,252	5,561	5,373	5,318	3,735	4,197	4,071	4,504	3,066	2,639	2,750	2,750	2,520	2,446	1,691	1,704	1,587	20,395	19,266	1,018	647	657	575	575	439	486	539	578	617	597	632	411	452	392	392	-	267	241	257
Inventory	3,614,963	2,712,913	3,126,466	2,520,724	1,739,360	1,360,675	1,049,563	974,173	870,864	707,822	553,764	549,292	631,694	672,389	823,414	920,215	1,084,439	1,122,075	955,334	819,616	566,306	534,627	471,668	593,162	556,452	586,444	646,713	582,378	517,663	492,246	493,055	512,215	436,283	411,056	497,060	491,219	413,399	398,454	311,596	327,102	292,622	317,620	278,830	332,892	307,738	287,498	214,180	174,825	129,799	129,178	144,357	140,287	140,287	182,131	240,208	275,110	261,145	208,345	186,248	172,943	86,460	80,330	61,866	61,866	-	60,189	70,573	62,178
Long Term Debt	507,427	439,615	744,387	554,584	537,231	543,842	580,484	902,359	1,026,898	958,330	964,375	847,690	979,761	744,517	729,965	970,825	1,303,203	1,549,460	1,205,005	1,062,601	855,924	976,856	990,786	968,664	760,154	776,657	474,417	456,973	465,936	529,124	580,875	602,952	441,661	412,215	367,663	490,767	333,888	205,839	187,167	169,566	194,830	100,477	131,600	144,029	122,900	63,578	23,926	22,023	41,033	147,549	176,884	98,056	98,056	135,399	124,365	20,638	34,482	36,566	48,059	64,133	-	-	-	-	-	7,996	-	-
Net Debt	-	529,034	1,550,893	723,984	-	1,428	-	-	-	-	448,141	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Invested Capital	7,426,249	5,683,660	4,828,031	3,761,048	3,157,303	2,545,563	2,315,791	2,158,658	2,705,919	2,314,200	2,129,203	2,234,845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	2,101,908	2,109,555	1,937,313	1,387,403	1,408,929	942,998	1,084,970	817,124	841,468	611,559	599,197	543,563	522,487	486,512	537,524	637,321	509,091	636,177	895,907	882,824	864,520	796,275	773,012	923,956	687,047	587,200	624,436	631,067	529,631	696,967	586,703	627,073	532,550	615,358	605,220	479,165	402,561	365,676	473,184	417,078	384,170	419,623	572,289	513,581	513,239	371,055	357,911	322,927	367,169	356,892	360,425	317,369	317,369	308,155	336,050	326,044	338,159	358,500	326,240	253,378	181,628	161,288	139,552	139,552	-	159,363	241,837	133,024
Net Tangible Assets	-	2,293,182	1,661,795	1,232,714	1,977,596	1,369,965	1,152,361	887,861	1,377,689	967,297	771,655	692,942	707,692	644,984	613,600	604,451	597,274	520,562	524,719	460,783	713,432	617,691	543,898	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Working Capital	2,361,376	1,323,667	1,131,464	697,536	1,573,165	1,032,237	859,581	992,074	1,643,729	1,099,758	917,462	695,872	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	2,218,855	1,688,845	1,545,233	1,322,535	1,170,724	1,059,927	1,051,419	961,277	923,256	967,788	954,129	979,917	979,940	969,974	987,790	977,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	942,017	635,779	935,931	714,747	692,895	662,087	697,437	1,006,014	1,125,819	1,046,736	1,047,453	928,866	1,056,719	824,838	810,923	1,050,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	-	-	-	-	-	-	-	-	979,917	979,940	969,974	987,790	977,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	-	774,687	673,273	532,547	444,847	381,251	388,317	333,103	280,166	347,342	320,451	322,978	313,064	311,489	312,876	293,530	285,914	304,535	290,873	329,006	295,106	303,862	295,137	278,594	260,304	271,384	241,953	195,152	172,533	186,401	165,392	158,470	140,702	177,173	168,590	151,781	134,706	91,025	80,295	60,251	58,425	59,985	65,981	65,534	61,205	90,771	98,384	100,071	84,406	108,561	123,028	136,661	136,661	175,905	201,635	201,803	164,469	150,973	130,218	88,296	16,492	19,949	25,582	25,582	-	8,853	8,046	8,601
Other Current Assets	-	395,684	516,763	452,352	222,388	108,503	92,184	76,893	65,093	28,707	13,608	11,859	34,130	993	22	8,251	155,238	174,112	141,956	122,379	123,820	121,757	94,801	65,064	111,069	105,352	129,208	89,188	82,551	81,652	85,174	92,337	81,129	88,791	84,090	66,184	60,431	57,040	52,145	53,478	48,560	53,506	103,205	103,953	2,453	79,192	91,541	84,141	278	30,867	1,124	294	294	20,481	27,474	4,895	10,440	13,934	3,793	2,313	418	618	15	15	-	370	12,543	7,006
Other Current Liab	124,655	601,834	380,318	394,218	293,551	273,987	486,081	417,152	244,775	189,628	87,884	58,355	58,535	17,917	21,882	20,385	77,120	64,397	66,786	120,429	116,811	100,733	109,652	353,277	104,650	123,211	121,424	399,006	94,424	107,587	101,130	112,966	72,617	84,141	77,076	160,260	65,019	76,940	73,968	84,827	56,277	65,541	69,632	73,463	53,429	72,420	68,341	218,705	38,095	40,102	33,360	18,181	18,181	17,928	22,385	32,056	62,960	54,698	49,700	35,212	14,186	19,820	21,628	21,628	-	30,068	23,206	39,066
Other Liab	-	183,759	176,498	142,801	137,631	106,331	102,722	91,742	84,006	70,888	65,669	62,012	57,307	53,669	54,332	55,098	55,898	61,046	64,351	63,668	61,734	60,505	58,395	56,537	55,360	48,782	47,650	46,864	45,568	39,249	35,660	29,592	29,643	32,660	32,621	32,370	31,596	24,686	24,173	23,143	23,617	23,188	23,813	22,712	21,818	7,426	7,580	7,681	15,203	6,799	6,843	6,301	6,301	5,803	5,988	7,574	7,469	7,505	7,538	18,630	6,309	6,004	7,141	7,141	-	6,294	7,320	5,947
Other Stockholder Equity	-	-4,513	12,252	59,536	81,801	-47,167	-41,905	-47,927	-55,839	-60,193	-56,987	-57,634	-56,548	-53,236	-62,288	-59,587	-56,811	-66,380	-32,046	-18,333	-10,793	-6,853	-3,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property Plant Equipment	-	827,757	790,138	717,378	652,480	618,564	601,901	568,698	579,613	566,933	581,196	602,959	610,555	604,432	620,774	631,522	590,237	524,161	501,633	498,817	497,227	463,935	462,353	459,131	458,902	453,152	466,459	464,557	469,389	456,475	449,340	449,686	454,155	366,905	344,258	293,960	274,193	218,731	190,879	166,228	156,993	131,256	118,696	111,949	109,971	62,746	58,964	55,948	55,964	37,198	36,862	37,907	37,907	36,957	38,223	39,610	39,446	39,353	40,473	41,936	39,049	41,257	43,891	43,891	-	56,777	72,415	89,397
Retained Earnings	3,448,140	2,327,877	1,675,146	1,192,419	1,915,824	1,423,875	1,202,097	941,894	1,443,637	1,027,633	827,755	751,188	767,193	563,284	541,039	527,261	655,300	581,123	551,947	471,394	715,193	611,125	532,334	449,815	644,437	550,761	488,715	354,894	574,641	595,067	530,299	461,936	617,841	552,837	498,578	426,185	656,754	582,180	513,773	437,261	576,976	524,955	474,828	572,840	508,778	465,027	399,409	305,052	381,357	270,905	225,795	213,887	213,887	188,448	174,022	200,010	208,494	184,876	245,642	227,218	92,193	171,443	168,882	168,882	-	118,108	144,111	112,361
Short Long Term Debt	3,280,608	2,867,311	2,342,877	1,901,141	569,078	571,643	521,744	308,962	237,854	335,061	340,691	640,231	388,065	740,441	1,218,082	1,055,894	384,503	242,779	216,951	180,410	270,982	270,225	1,244,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	388,065	740,441	1,218,082	1,055,894	384,503	242,779	216,951	180,410	270,982	270,225	1,244,201	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	420,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	13,795,942	9,688,988	8,668,165	7,422,481	6,110,647	4,588,732	4,728,395	4,354,339	4,592,006	3,730,534	2,981,704	3,206,988	2,915,771	2,859,048	3,324,178	3,332,530	3,093,254	3,138,264	2,992,751	2,744,608	2,788,701	2,721,888	2,556,753	2,709,667	2,302,191	2,115,841	2,199,794	2,404,480	2,016,048	2,161,433	1,980,235	2,002,015	1,914,047	1,780,201	1,800,009	1,687,426	1,494,613	1,274,453	1,393,609	1,290,408	1,319,741	1,270,229	1,394,195	1,438,761	1,239,958	1,071,938	963,897	966,108	886,173	766,845	747,075	713,208	713,208	786,804	998,594	963,145	838,790	780,759	743,503	606,906	330,911	416,195	374,295	374,295	-	363,222	427,764	357,769
Total Current Assets	11,577,087	8,000,143	7,122,932	6,099,946	4,939,922	3,528,805	3,676,976	3,393,062	3,668,750	2,762,747	2,027,575	2,227,071	1,935,831	1,889,074	2,336,389	2,355,265	2,162,520	2,262,018	2,151,693	1,916,785	1,996,368	1,954,090	1,799,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Liabilities	9,215,711	6,676,476	5,991,467	5,402,410	3,366,758	2,496,568	2,817,396	2,400,988	2,025,020	1,662,988	1,110,113	1,531,199	1,095,038	1,335,174	1,845,515	1,625,035	1,082,295	959,645	1,150,124	1,111,908	1,113,275	1,026,886	925,106	1,181,229	786,816	670,234	1,113,510	1,469,755	853,637	919,693	753,522	820,497	737,880	695,823	815,019	651,536	385,812	374,827	581,596	573,623	437,504	534,794	677,140	612,365	499,648	449,093	446,168	544,538	361,766	254,777	250,739	308,150	308,150	366,714	603,772	649,380	508,566	468,138	356,536	221,208	90,023	92,670	73,692	73,692	-	73,802	189,288	140,014
Total Liab	10,157,728	7,312,255	6,927,398	6,117,157	4,059,652	3,158,654	3,514,833	3,407,002	3,150,839	2,709,725	2,157,567	2,460,065	2,151,757	2,160,011	2,656,438	2,675,866	2,441,396	2,570,151	2,419,480	2,238,177	2,030,932	2,064,247	1,974,287	2,206,430	1,602,330	1,495,672	1,635,577	1,973,592	1,365,141	1,488,066	1,370,057	1,453,041	1,209,184	1,140,698	1,215,302	1,174,673	751,295	605,352	792,935	766,332	655,951	658,460	832,553	779,106	644,365	520,097	477,674	574,242	418,002	409,125	434,466	412,507	412,507	507,916	734,124	677,592	550,517	512,210	412,133	303,970	96,332	98,674	80,834	80,834	-	88,092	197,639	159,394
Total Stockholder Equity	3,638,214	2,376,733	1,740,767	1,305,324	2,050,994	1,430,077	1,213,562	947,337	1,441,166	1,020,809	824,138	746,923	764,014	699,037	667,740	656,664	651,858	568,113	573,271	506,430	757,770	657,641	582,466	503,237	699,861	620,169	564,217	430,888	650,907	673,367	610,178	548,975	704,863	639,503	584,707	512,752	743,318	669,101	600,673	524,075	663,790	611,770	561,643	659,654	595,593	551,841	486,223	391,866	468,171	357,719	312,610	300,701	300,701	278,888	264,470	285,553	288,273	268,549	331,370	302,936	234,579	317,521	293,462	293,462	275,130	275,130	230,125	198,375

Cash Flow

Currency in TRY. All numbers in thousands.

	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31
Begin Period Cash Flow	1,559,799	1,876,063	745,445	408,308	441,213	228,331	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	680,808	322,892	129,703	136,895	235,679	145,484	104,421	94,604	231,923	175,774	74,446	74,098	0	10,974	11,908	9,940	3,719	4,516	3,886	4,273
Change In Cash	2,639,543	-316,264	1,130,618	337,138	-32,905	212,882	-25,856	-24,433	59,598	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	-359,582	-644,264	452,567	671,498	-411,772	71,379	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	-468,868	-342,665	-17,755	360,053	-148,752	-174,677	-8,660	-77,647	-	2,422	15,417	-	83,664	-	16,474	-	266	-	39
Change To Inventory	-1,914,104	-868,185	-202,661	451,793	-514,072	-1,878	-35,800	-103,191	-25,312	-	11,783	-	-	131,576	-	-	-	22,333	-	-
Change To Liabilities	-	948,110	988,634	87,461	-199,574	233,577	-71,093	110,107	127,568	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-	4,837	241,113	150,599	189,307	100,631	94,150	107,184	24,092	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	-255,322	9,260	149,999	-58,179	-11,568	-476	10,288	-30,812	-	-	-	-	-	-	-	-	-	-	-
Depreciation	213,241	160,556	129,088	125,105	87,206	68,769	57,639	52,117	34,062	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	1,200,000	850,000	100,000	100,000	300,000	250,000	300,000	300,000	300,000	200,000	200,000	150,000	-	17,078	94,000	107,000	94,000	47,000	54,369	13,185
End Period Cash Flow	4,366,412	1,559,799	1,876,063	745,445	408,308	441,213	228,331	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	2,203,402	520,425	1,469,509	922,201	-130,832	416,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-1,123,190	-319,476	-125,416	-129,912	-224,624	-141,049	-103,954	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	-272,348	-191,253	-438,341	521,940	121,075	215,433	-16,047	307,648	-	-	-	-	-	-	-	-	-	-	-
Net Income	2,971,019	1,322,188	776,443	111,893	240,107	320,756	369,796	256,800	261,087	279,906	268,198	277,422	179,717	30,955	66,792	91,066	113,773	93,663	86,119	56,967
Other Cashflows From Financing Activities	-	44,101	-44,490	-159,618	-136,432	-83,088	-76,875	-45,031	-30,075	-	-	-	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	-	634	174	574	1,004	1,121	337	254	412	1,553	6,743	806	-	625	716	-	-	4,672	7,816	-
Other Non Cash Items	305,623	24,095	120,606	187,088	216,538	107,095	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	-1,078,247	-335,743	-597,959	85,508	-212,013	-161,442	-361,077	6,582	-	-	-	-	-	238,596	-	-	-	12,173	12,923
Total Cash From Operating Activities	2,884,210	843,317	1,599,211	1,059,096	104,848	561,536	239,539	424,646	284,126	173,560	286,757	159,187	-	222,037	-	41,852	122,371	222,204	-	35,106
Total Cashflows From Investing Activities	-	-319,476	-125,416	-129,912	-224,624	-141,049	-103,954	-94,197	-228,288	-	-	-	-	3,049	-	-	7,577	158	4,100	-

	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2004-12-31	2003-12-31
Begin Period Cash Flow	2,776,984	1,536,259	1,730,026	1,559,799	1,106,174	1,438,615	1,514,704	1,876,063	1,407,717	853,049	1,115,623	745,445	604,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Expenditures	251,329	131,372	166,597	131,511	151,787	61,113	81,925	28,066	68,054	24,390	11,460	25,799	40,938	20,030	33,800	42,126	27,926	56,471	32,651	28,606	87,024	73,598	48,798	20,194	53,469	57,208	31,726	12,665	94,604	57,208	24,479	9,913	231,923	116,150	83,526	27,294	175,774	81,339	47,054	15,893	74,447	40,663	21,929	9,172	74,098	20,303	10,448	3,492	34,935	9,290	5,525	1,856	10,974	6,975	2,977	756	11,908	7,312	4,035	1,414	9,940	5,078	2,524	1,187	3,719	2,339	959	574	4,516	3,886	4,273
Change In Cash	1,422,359	1,240,725	-193,768	170,227	453,625	-332,441	-76,089	-361,359	468,346	554,668	-262,573	370,177	134,669	-215,388	234,332	177,611	82,368	171,360	62,627	-349,260	-59,495	43,479	68,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change In Working Capital	678,773	471,640	-970,168	-539,826	-83,088	-427,163	-218,986	84,973	45,528	335,716	-208,734	280,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Account Receivables	-	-57,172	-537,171	-36,850	-402,536	141,940	-214,436	6,164	-226,350	-21,835	-62,433	-32,046	20,356	50,034	111,237	-199,382	125,117	249,098	19,611	-33,774	-34,827	-30,232	73,838	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,422	-	-	-	15,417	-	-	-	-	-	-	-	83,665	46,256	8,847	-	-	-	-	-	16,474	-	6,479	3,375	-	-	-	4	266	-	39
Change To Inventory	-937,249	413,553	-609,307	-781,101	-379,509	-311,560	-74,191	-102,925	-123,601	-154,058	-7,853	82,851	41,187	151,219	95,974	163,413	41,229	-168,531	-133,461	-253,310	-31,300	29,422	89,143	-	-	-	-	-	-	-	-	-	-	3,351	-	-	-	-	-	-	11,783	-	25,248	-	-	-	-	-	12,524	13,822	9,339	-	131,576	112,277	92,978	34,901	-	-	-	-	-	-	-	-	-	-	-	-	22,333	-	-
Change To Liabilities	-	104,316	198,038	519,422	820,317	-210,293	108,352	229,734	448,993	499,024	-148,133	188,749	103,932	-27,435	64,027	-53,062	-11,979	-142,412	-147,791	102,607	89,187	80,682	-41,791	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Netincome	-	114,689	-12,519	215,787	19,967	-136,917	87,488	34,300	77,043	71,164	69,939	22,968	38,843	9,789	50,445	51,522	402	146,695	-9,951	52,161	2,381	32,182	22,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change To Operating Activities	-	10,943	-21,729	-241,298	-121,360	-47,250	-38,711	-48,000	-53,513	12,586	9,685	40,503	39,212	45,788	43,199	21,800	19,285	-6,306	-40,705	-30,453	12,964	-18,810	74,681	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	63,846	59,670	56,185	33,540	44,945	57,567	19,532	38,511	28,653	50,679	15,659	34,097	29,435	32,059	31,877	31,734	25,593	21,517	20,406	19,690	18,422	16,989	16,946	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	1,200,000	1,200,000	1,200,000	1,200,000	850,000	850,000	850,000	850,000	100,000	-	-	-	-	-	300,000	300,000	300,000	250,000	250,000	250,000	-	300,000	300,000	300,000	-	300,000	200,000	200,000	200,000	300,000	300,000	300,000	300,000	200,000	200,000	200,000	200,000	200,000	200,000	200,000	-	150,000	150,000	150,000	-	12,247	12,247	12,247	12,247	17,078	17,078	17,078	17,078	94,000	94,000	94,000	-	107,000	107,000	107,000	-	94,000	94,000	94,000	94,000	47,000	54,369	13,185
End Period Cash Flow	4,366,412	2,776,984	1,536,259	1,730,026	1,559,799	1,106,174	1,438,615	1,514,704	1,876,063	1,407,717	853,049	1,115,623	745,445	604,007	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	1,591,832	1,167,358	-621,218	65,431	321,986	-364,440	84,919	477,960	499,173	615,571	-40,553	395,317	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments	-691,866	-131,372	-168,467	-131,485	-151,666	-59,126	-80,602	-28,082	-67,287	-24,215	-8,773	-25,141	-42,540	-18,295	-31,961	-37,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Borrowings	-	162,674	532,184	1,267,753	-81,237	9,600	-125,479	-75,232	-30,128	-62,972	-198,994	100,841	-134,260	-437,544	-95,101	228,564	-37,132	133,134	337,217	88,720	-130,398	-11,855	7,799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	1,358,966	652,730	482,727	476,595	491,949	221,778	260,203	348,258	416,003	199,878	76,567	83,994	68,289	22,245	13,777	7,582	74,177	29,176	80,553	56,201	104,069	78,790	82,519	55,378	93,677	62,045	133,821	80,253	79,573	64,768	68,363	44,095	65,004	54,260	72,392	69,431	74,574	68,407	76,640	60,285	52,020	50,126	101,988	64,062	43,751	65,618	94,357	73,695	65,061	45,390	45,110	24,156	12,719	12,719	14,426	-	-	23,618	33,234	18,424	18,954	25,049	24,058	24,059	23,706	23,706	42,222	24,138	-	-	-
Other Cashflows From Financing Activities	-	-82,629	-54,216	-6,439	-5,599	-1,645	5,732	45,613	11,306	-2,412	-21,978	-31,405	-29,785	-43,247	-49,143	-37,443	-48,876	-32,091	-35,572	-19,893	-25,210	-20,387	-16,452	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cashflows From Investing Activities	-	-	-2,850	26	70	70	580	-16	18	18	156	156	156	574	574	574	574	854	150	150	1,122	685	568	-	337	337	337	-	254	7	-	-	412	61	61	-	1,553	-	-	-	6,743	-	5,159	-	806	-	196	-	362	255	-	106	625	313	-	-	716	-	-	-	-	-	-	-	-	-	-	-	4,672	7,816	2,223
Other Non Cash Items	-3,368	117,599	51,923	139,469	43,208	-27,234	63,188	-55,067	-618	43,934	55,199	22,090	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Cash From Financing Activities	-	80,045	477,968	61,314	-86,836	7,954	-119,747	-879,619	-18,823	-65,385	-220,972	-30,564	-164,045	-480,791	-144,244	191,121	-86,008	101,044	301,645	-231,173	-155,608	-32,241	-258,652	234,490	-	-	-	245,681	-	-	-	-	6,582	-	-	-	-	-	-	-	-	-	-	80,042	-	-	-	-	-	-	-	-	-	-	-	46,806	238,596	80,234	62,719	62,692	-	-	-	405	-	-	-	-	-	12,174	12,923
Total Cash From Operating Activities	1,843,160	1,298,729	-454,621	196,942	473,773	-303,327	166,829	506,042	567,227	639,961	-29,093	421,116	341,254	283,698	410,537	23,606	273,825	129,237	-211,337	-86,876	561,536	400,641	300,760	-	239,539	15,294	39,418	-	424,646	172,936	25,641	-	284,126	37,377	-	131,222	173,560	158,203	109,010	106,439	286,757	169,520	57,440	-	159,187	100,865	129,728	47,210	361,165	203,425	138,651	79,297	222,037	153,949	85,861	-	-	-	-	-	41,852	43,334	1,263	5,229	122,371	86,353	50,336	109,828	222,204	-	35,106
Total Cashflows From Investing Activities	-	-131,372	-168,467

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Quick analysis of Turk Traktor ve Ziraat Makineleri AS (30 sec.)

1. Valuation of Turk Traktor ve Ziraat Makineleri AS (5 min.)

₺690.00

₺68.17

2. Growth of Turk Traktor ve Ziraat Makineleri AS (5 min.)

Is Turk Traktor ve Ziraat Makineleri AS growing?

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How much money comes from the company's main activities?

3. Financial Health of Turk Traktor ve Ziraat Makineleri AS (5 min.)

4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)

Industry Rankings (Farm & Heavy Construction Machinery)

Fundamentals of Turk Traktor ve Ziraat Makineleri AS

Financial Health

1.1. Profitability of Turk Traktor ve Ziraat Makineleri AS.

1.1. Profitability

1.1.1. Net Profit Margin

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1.1.2. Return on Assets

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1.1.3. Return on Equity

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1.2. Operating Efficiency of Turk Traktor ve Ziraat Makineleri AS.

1.2. Operating Efficiency

1.2.1. Operating Margin

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1.2.2. Operating Ratio

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1.3. Liquidity of Turk Traktor ve Ziraat Makineleri AS.

1.3. Liquidity

1.3.1. Current Ratio

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1.3.2. Quick Ratio

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1.4. Solvency of Turk Traktor ve Ziraat Makineleri AS.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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1.4.2. Debt to Equity Ratio

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2. Market Valuation of Turk Traktor ve Ziraat Makineleri AS

2. Earnings Per Share

2.1. Price to Earnings Ratio

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Compared to industry (Farm & Heavy Construction Machinery)

2.2. Price Earnings to Growth Ratio

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Compared to industry (Farm & Heavy Construction Machinery)

2. Book Value per Share

2.3. Price to Book Ratio

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Turk Traktor ve Ziraat Makineleri AS
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