Turcas Holding AS (IST:TRCAS) Scaled Net Operating Assets: 1.05 (As of Mar. 2026)


IST:TRCAS Turcas Holding AS IST:TRCAS
20 GF Score
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! 1 Warning Sign
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What is Turcas Holding AS Scaled Net Operating Assets?

Turcas Holding AS IST:TRCAS -0.71% 20 Scaled Net Operating Assets is 1.05 as of Mar. 2026. GuruFocus rates IST:TRCAS with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Turcas Holding AS's operating assets for the quarter that ended in Mar. 2026 was ₺14,968.20 Mil. Turcas Holding AS's operating liabilities for the quarter that ended in Mar. 2026 was ₺47.65 Mil. Turcas Holding AS's Total Assets for the quarter that ended in Dec. 2025 was ₺14,216.49 Mil. Therefore, Turcas Holding AS's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 1.05.


Turcas Holding AS Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Turcas Holding AS's Scaled Net Operating 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.

Turcas Holding AS Scaled Net Operating Assets Chart

Turcas Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 4.16 1.45 1.26 0.93

Turcas Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.99 1.03 0.93 1.05

IST:TRCAS vs CEG, VST, NRG: Scaled Net Operating Assets Comparison

For the Utilities - Independent Power Producers subindustry, Turcas Holding AS's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Turcas Holding AS Scaled Net Operating Assets vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Turcas Holding AS's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Turcas Holding AS's Scaled Net Operating Assets falls into.


IST:TRCAS
20GF Score
Turcas Holding AS IST:TRCAS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Turcas Holding AS Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Turcas Holding AS's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(13051.883-61.365)/14039.772
=0.93

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=14216.494 - 1164.611
=13051.883

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=61.365 - 0 - 0
=61.365

Turcas Holding AS's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(14968.202-47.652)/14216.494
=1.05

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=16410.337 - 1442.135
=14968.202

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=47.652 - 0 - 0
=47.652

* 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.

What does a Scaled Net Operating Assets of 1.05 mean?
Turcas Holding AS (IST:TRCAS) has a Scaled Net Operating Assets of 1.05 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Turcas Holding AS and its competitors.
Is Turcas Holding AS's Scaled Net Operating Assets too high?
Turcas Holding AS's current Scaled Net Operating Assets is 1.05. Overall, Turcas Holding AS has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Turcas Holding AS's Scaled Net Operating Assets compare to CEG and VST?
Turcas Holding AS's Scaled Net Operating Assets of 1.05 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Utilities - Independent Power Producers company?
A good Scaled Net Operating Assets depends on the Utilities - Independent Power Producers industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Turcas Holding AS and its competitors. Turcas Holding AS's current Scaled Net Operating Assets is 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turcas Holding AS stock overvalued right now?
Turcas Holding AS (IST:TRCAS) has a current Scaled Net Operating Assets of 1.05. The current Scaled Net Operating Assets is 1.05. Turcas Holding AS's overall GF Score™ is 20/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Turcas Holding AS (IST:TRCAS), the current Scaled Net Operating Assets is 1.05 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Turcas Holding AS Business Description

Address AOS 55th Street No 2, Aksoy Plaza, 7th floor, Sariyer, Istanbul, TUR, 34375
Turcas Holding AS is an oil and energy-focused investment company. It is engaged in fuel distribution and lubricants, conventional energy, and renewable energy fields in Turkey. The company is involved in the operation of Shell-branded fuel stations that offer fuel products and lubricants. The operating segments of the group are Oil, Electricity, and Others. The products that are included in the Oil segment are fuel products, lubricants, and engine oil. The Electricity segment consists of power generation activity.
20GF Score

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