Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Total Assets : ₺4,373.4 Mil (As of Dec. 2023)

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What is Merit Turizm Yatirim ve Isletme AS Total Assets?

Merit Turizm Yatirim ve Isletme AS's Total Assets for the quarter that ended in Dec. 2023 was ₺4,373.4 Mil.

Warning Sign:

If a company builds assets at 191.8% a year, faster than its revenue growth rate of 61.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Merit Turizm Yatirim ve Isletme AS's average Total Assets Growth Rate was 64.10% per year. During the past 3 years, the average Total Assets Growth Rate was 343.20% per year. During the past 5 years, the average Total Assets Growth Rate was 191.80% per year. During the past 10 years, the average Total Assets Growth Rate was 92.30% per year.

During the past 11 years, Merit Turizm Yatirim ve Isletme AS's highest 3-Year average Total Assets Growth Rate was 343.20%. The lowest was 22.50%. And the median was 63.25%.

Total Assets is connected with ROA %. Merit Turizm Yatirim ve Isletme AS's annualized ROA % for the quarter that ended in Dec. 2023 was 8.51%. Total Assets is also linked to Revenue through Asset Turnover. Merit Turizm Yatirim ve Isletme AS's Asset Turnover for the quarter that ended in Dec. 2023 was 0.02.

Merit Turizm Yatirim ve Isletme AS Total Assets Historical Data

The historical data trend for Merit Turizm Yatirim ve Isletme 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.

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Merit Turizm Yatirim ve Isletme AS Total Assets Chart

Merit Turizm Yatirim ve Isletme AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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50.70

50.27

956.97

2,665.57

4,373.36

Merit Turizm Yatirim ve Isletme AS Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															2,665.57	1,617.66	1,600.71	1,621.42	4,373.36

Merit Turizm Yatirim ve Isletme AS Total Assets Calculation

Total Assets are all the assets a company owns.

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.

Merit Turizm Yatirim ve Isletme AS's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	4142.29	+	231.065
	=	4,373.4

Merit Turizm Yatirim ve Isletme AS's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	4142.29	+	231.065
	=	4,373.4

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Total Assets Explanation

Total Assets is connected with ROA %.

Merit Turizm Yatirim ve Isletme AS's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	255.084	/	( (1621.424	+	4373.356)	/ 2 )
	=	255.084	/	2997.39
	=	8.51 %

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.

Merit Turizm Yatirim ve Isletme AS's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	49.529	/	( (1621.424	+	4373.356)	/ 2 )
=	49.529	/	2997.39
=	0.02

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.

Merit Turizm Yatirim ve Isletme AS Total Assets Related Terms

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Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Merit Turizm Yatirim ve Isletme AS (IST:MERIT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Etiler, Street No. 9, Besiktas, Istanbul, TUR, 34337

Website

http://www.meritturizm.com

Merit Turizm Yatirim ve Isletme A.S. is a hotel management company. It owns and operates the Merit Royal hotel and casino, Merit Crystal Cove hotel and casino, The Merit Park hotel and Casino, The Merit Lefkosa andThe Merit Cyprus Gardens.

Merit Turizm Yatirim ve Isletme AS (IST:MERIT) Headlines

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