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The highest net profit was in the manufacturing sector; the highest net loss was in the education sector in Turkey

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Company Accounts, 2019 in Turkey

Company Accounts were published again in a more comprehensively as a result of the joint work of  Turkish Statistical Institute and The Central Bank of the Republic of Turkey. In the 2019 study conducted using administrative data, the records of 730 thousand 221 enterprises that book-keeping on the basis of balance sheets were taken as basis, while in the most recent survey, the data of 8 thousand 721 enterprises was compiled through a survey conducted by the CBRT in 2016. The current scope of the Company Accounts, it consists of enterprises with a representation share of approximately 86%, when compared with the turnover value of the annual industry and service statistics published by our institution.

In this study covering the period of 2009-2019, income statement and balance sheet records compiled by the Revenue Administration, employment data provided by the Social Security Institution and credit balanches compiled from Banks Association of Turkey Risk Central  were used.

The largest number of enterprises took part in the wholesale and retail trade; repair of motor vehicles and motorcycles sector

In the distribution of the number of enterprises by sectors, wholesale and retail trade; repair of motor vehicles and motorcycles sector took the lead with 225 thousand 790.

Basic indicators by economic activities, 2019

The share of the manufacturing sector in the total number of enterprises was 15.8% for 2019

When the shares of the sub-sectors in the total number of enterprises in the manufacturing sector are examined, fabricated metal products manufacture 12.3%, food products manufacture 11.3% and clothing manufacture 9.3% respectively.

The share of non-manufacturing sectors in the total number of enterprises was 84.2% for 2019

When the shares of sub-sectors in the total number of enterprises in non-manufacturing sectors are examined, wholesale trade took the first three places with 17.8%, residential building construction with 11.4% and retail trade with 10.4%.

The largest asset size was in the manufacturing sector

According to the aggregated balance sheet of enterprises, in 2019, total asset size was 8 trillion 591 billion 115 million TL, total short and long term liabilities was 6 trillion 115 billion 484 million TL, while total stockholder’s equity was 2 trillion 475 billion 631 million TL.

Manufacturing sector was at the forefront amog all sectors with its 2 trillion 330 billion 829 million TL asset size. The second in asset size was wholesale and retail trade; repair of motor vehicles and motorcycles sector with 1 trillion 809 billion 262 million TL. In terms of stockholder’s equity, while the manufacturing sector ranks first with 792 billion 685 million TL, followed by wholesale and retail trade; repair of motor vehicles and motorcycles sector with 492 billion 819 million TL, professional, scientific and technical activities with 358 billion 650 million TL, respectively.

Balance sheet summary by economic activities, 2019

The share of the manufacturing sector in total assets in 2019 was 27.1% and its share in stockholder’s equity was 32%

When the sub-sectors of the manufacturing sector are examined, manufacture of food products with the share of 12.2% in the assets and with the share of 12.3% in the stockholder’s equity, textile products manufacture with the share of 9.9% in the assets and with the share of 10.2% in the stockholder’s equity, basic metal industry with the share of 9.4% in assets and with the share of 9.1% in stockholder’s equity took the first three places, respectively.

The share of non-manufacturing sectors in total assets was 72.9% in 2019, and their share in equity was 68%

When the sub-sectors of non-manufacturing sectors are analyzed, the share of wholesale trade sector in assets is 20.1% and its share in stockholder’s equity is 21%; the share of building construction in assets is 11.9% its share in stockholder’s equity is 8.3%; administrative center activities; administrative consultancy activities have a share of 10.4% in assets, and a share of 19.1% in stockholder’s equity; electricity, gas, steam and ventilation system production and distribution accounted for 10% of assets and 8.9% of stockholder’s equity.

Wholesale and retail trade; repair of motor vehicles and motorcycles sector had the highest net sales revenue

According to the aggregated income statement data of enterprises, total gross sales in 2019 was 8 trillion 164 billion 86 million TL, and net sales was 7 trillion 778 billion 637 million TL. In exports, manufacturing sector ranked first with 722 billion 552 million TL. Wholesale and retail trade; repair of motor vehicles and motorcycles sector had the highest revenue in net sales revenue with 3 trillion 289 billion 212 million TL.

The highest net profit was in the manufacturing sector; the highest net loss was in the education sector

According to the aggregated income statement data of the enterprises, the aggregated financial year net profit of the total sectors in 2019 was 249 billion 333 million TL. Manufacturing sector was the sector with the highest net profit with 118 billion 249 million TL. While wholesale and retail trade; repair of motor vehicles and motorcycles sector with 42 billion 95 million TL, professional, scientific and technical activities sector with 21 billion 10 million TL were the other sectors producing net profit. The education sector completed the year 2019 with a net loss of 1 billion 402 million TL, while the real estate sector completed with a net loss of 1 billion 240 million TL.

Income statement summary by economic activities, 2019

The share of the manufacturing sector in the total net profit of the period was 47.4% for 2019

When the shares of the sub-sectors in the total net profit of the manufacturing sector are examined, the manufacture of food products with 1.6%, the manufacture of chemicals and chemical products with 9.7% and the base metal industry with 8.5% took the first three places, respectively.

Wholesale and retail trade; The share of the repair of motor vehicles and motorcycles sector in net profit for the period was 16.9% for 2019

Wholesale and retail trade; When the shares of sub-sectors in the repair of motor vehicles and motorcycles sector in the net profit of the period are analyzed, the wholesale trade was 77.1%, retail trade was 16.5%, and the wholesale and retail trade of motor vehicles and motorcycles was 6.4%.

The share of the construction industry in net profit for the period was 7.3% for 2019

Considering the shares of sub-sectors in the net profit of the period in the construction sector, the construction of non-building structures was 60.9%, building construction 27.1% and private construction activities 6.4%.

When foreign sales are examined in sub-sectors, wholesale trade took the first place with 31.1% in 2019

After wholesale trade, manufacturing of motor vehicles, trailers (trailers) and semi-trailers (semi-trailers) was 8.7%, basic metal industry 6% and air transport 5.9%.

When the sub-sectors in domestic sales are analyzed, in 2019, wholesale trade ranked first with 26.7%

After wholesale trade, retail trade was 8.8%, electricity, gas, steam and ventilation system production distribution was 4.9% and food production was 4.1%, respectively.

Companies operating profit and net profit for the financial year increases in 2019

Net profit for the financial year of all companies within our scope was 249 billion 333 million TL, and total operating profit was 442 billion 997 million TL.

Net sales, operating profit, period net profit by years (billion TL), 2009-2019

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EXPLANATIONS

You can be accessed the tables prepared by The Central Bank of Republic of Turkey for Company Accounts, 2019 from the link http://www3.tcmb.gov.tr/sektor/2020/#/en


Source: TurkStat
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