Tekfen Holding AS's Total Assets for the quarter that ended in Dec. 2023 was ₺52,748 Mil.
Warning Sign:
If a company builds assets at 54.5% a year, faster than its revenue growth rate of 35.5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Tekfen Holding AS's average Total Assets Growth Rate was -15.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 63.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 54.50% per year.
During the past 10 years, the average Total Assets Growth Rate was 30.20% per year.
During the past 13 years, Tekfen Holding AS's highest 3-Year average Total Assets Growth Rate was 85.40%. The lowest was 6.00%. And the median was 16.10%.
The historical data trend for Tekfen Holding AS's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Tekfen Holding AS's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tekfen Holding AS (IST:TKFEN) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Tekfen Holding AS's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Tekfen Holding AS Total Assets Related Terms
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Tekfen Holding AS (IST:TKFEN) Business Description
Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Chemical Industry; Agricultural Production; Service and Investment. It generates maximum revenue from the Chemical Industry segment. The Chemical Industry segment is mainly focused on fertilizer production, continues its activities in the fields of mineral fertilizers as well as special water soluble fertilizers and organic/organomineral fertilizers. It also manufactures bags used in fertilizer packaging in its own facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process.
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