TEKNOSA IÇ VE DIS TICARET ANONIM SIRKETI

Cash flow Teknosa Iç ve Dis Ticaret Anonim Sirketi

Equities

TKNSA

TRETKNO00010

Computer & Electronics Retailers

Market Closed - Borsa Istanbul Other stock markets 11:09:35 2024-09-16 am EDT			5-day change	1st Jan Change
26.32 ^TRY	+1.23%		-2.66%	-11.38%

Aug. 20	Teknosa Iç ve Dis Ticaret Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
May. 28	Teknosa Iç ve Dis Ticaret Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2024	CI

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Published financial data: TEKNOSA IÇ VE DIS TICARET ANONIM SIRKETI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.14B	5.61B	7.52B	17.44B	47.32B
Total Revenues	4.14B	5.61B	7.52B	17.44B	47.32B
Cost of Goods Sold, Total	3.43B	4.68B	6.26B	14.56B	42.34B
Gross Profit	707M	922M	1.26B	2.88B	4.99B
Selling General & Admin Expenses, Total	532M	570M	718M	1.65B	4.75B
Provision for Bad Debts	-2.56M	-	-10K	84K	216K
Other Operating Expenses	-16.84M	74.44M	159M	248M	1.03B
Other Operating Expenses, Total	513M	645M	877M	1.9B	5.78B
Operating Income	195M	277M	379M	983M	-792M
Interest Expense, Total	-251M	-103M	-84.01M	-100M	-274M
Interest And Investment Income	1.72M	12.46M	20.07M	111M	327M
Net Interest Expenses	-249M	-90.62M	-63.94M	10.96M	53.38M
Currency Exchange Gains (Loss)	-5.81M	7.38M	-8.58M	39.29M	-35.14M
Other Non Operating Income (Expenses)	-103M	-110M	-178M	-424M	1.85B
EBT, Excl. Unusual Items	-164M	84.05M	129M	609M	1.08B
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-8.96M	-2.9M	-632K	-1.23M	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	2.83M	1.91M	271K	362K	-
Insurance Settlements	-	-	-	-	-
Legal Settlements	-5.34M	-2.14M	-4.29M	-7.3M	-23.43M
Other Unusual Items	-2.41M	30.29M	14.83M	-	-
EBT, Incl. Unusual Items	-178M	111M	139M	601M	1.05B
Income Tax Expense	-29.25M	25.91M	7.94M	76.36M	305M
Earnings From Continuing Operations	-149M	85.3M	131M	525M	748M
Net Income to Company	-149M	85.3M	131M	525M	748M
Net Income - (IS)	-149M	85.3M	131M	525M	748M
Net Income to Common Incl Extra Items	-149M	85.3M	131M	525M	748M
Net Income to Common Excl. Extra Items	-149M	85.3M	131M	525M	748M
Per Share Items
Net EPS - Basic	-1.35	0.78	0.83	2.61	3.72
Basic EPS - Continuing Operations	-1.35	0.78	0.83	2.61	3.72
Basic Weighted Average Shares Outstanding	110M	110M	159M	201M	201M
Net EPS - Diluted	-1.35	0.78	0.83	2.61	3.72
Diluted EPS - Continuing Operations	-1.35	0.78	0.83	2.61	3.72
Diluted Weighted Average Shares Outstanding	110M	110M	159M	201M	201M
Normalized Basic EPS	-0.93	0.48	0.51	1.9	3.35
Normalized Diluted EPS	-0.93	0.48	0.51	1.9	3.35
Dividend Per Share	-	-	-	-	-
Payout Ratio	-	-	-	-	-
Supplemental Items
EBITDA	227M	312M	419M	1.04B	-556M
EBITA	210M	295M	401M	1.01B	-695M
EBIT	195M	277M	379M	983M	-792M
EBITDAR	291M	395M	528M	1.33B	284M
Effective Tax Rate - (Ratio)	16.44	23.3	5.7	12.7	29.01
Total Current Taxes	-	-	-	105M	263M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-29.25M	25.91M	7.94M	-28.22M	41.98M
Normalized Net Income	-103M	52.53M	80.77M	381M	673M
Interest on Long-Term Debt	76.53M	61.42M	47.44M	65.55M	160M
Non-Cash Pension Expense	7.94M	1.06M	-	-	-
Supplemental Operating Expense Items
Advertising Expense	57.74M	57.79M	66.21M	192M	526M
Marketing Expenses	355M	365M	462M	968M	2.84B
Selling and Marketing Expenses	413M	423M	528M	1.16B	3.37B
General and Administrative Expenses	56.15M	65.19M	81.15M	199M	536M
Net Rental Expense, Total	63.12M	82.46M	109M	291M	839M
Imputed Operating Lease Interest Expense	538M	124M	173M	564M	1.6B
Imputed Operating Lease Depreciation	-475M	-41.21M	-64.17M	-273M	-765M
Maintenance & Repair Expenses, Total	7.3M	8.88M	10.2M	23.31M	58.61M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	37.27M	392M	709M	1.6B	2.74B
Total Cash And Short Term Investments	37.27M	392M	709M	1.6B	2.74B
Accounts Receivable, Total	66.36M	103M	156M	441M	931M
Total Receivables	66.36M	103M	156M	441M	931M
Inventory	860M	1.06B	1.72B	3.33B	8.38B
Prepaid Expenses	5.49M	5.03M	8.32M	12.06M	28.79M
Other Current Assets, Total	24.89M	4.95M	29.89M	47.05M	347M
Total Current Assets	994M	1.57B	2.62B	5.44B	12.43B
Gross Property Plant And Equipment	632M	625M	701M	1.19B	5.53B
Accumulated Depreciation	-251M	-345M	-451M	-599M	-3.73B
Net Property Plant And Equipment	382M	280M	251M	596M	1.8B
Other Intangibles, Total	35.81M	39.64M	50.21M	78.09M	246M
Deferred Tax Assets Long-Term	70.92M	45.16M	37.29M	75.53M	-
Other Long-Term Assets, Total	29.74M	30.23M	39.52M	110M	219M
Total Assets	1.51B	1.96B	3B	6.3B	14.69B
Liabilities
Accounts Payable, Total	1.22B	1.37B	2.4B	4.52B	9.83B
Accrued Expenses, Total	38.17M	64.02M	74.04M	180M	380M
Short-term Borrowings	106M	370M	-	202M	542M
Current Portion of Leases	84.72M	98.41M	96.06M	154M	292M
Current Income Taxes Payable	-	-	-	32.87M	31.08M
Unearned Revenue Current, Total	14.93M	23.71M	32.07M	78M	339M
Other Current Liabilities	13.39M	13.74M	20.76M	36.82M	131M
Total Current Liabilities	1.48B	1.94B	2.63B	5.2B	11.54B
Long-Term Leases	273M	168M	113M	264M	436M
Pension & Other Post Retirement Benefits	9.97M	14.22M	18.09M	68.7M	93.48M
Deferred Tax Liability Non Current	-	-	-	-	49.22M
Total Liabilities	1.76B	2.13B	2.76B	5.54B	12.12B
Common Stock, Total	110M	110M	201M	201M	201M
Additional Paid In Capital	-	-	185M	185M	640M
Retained Earnings	-392M	-307M	-176M	349M	-55.97M
Comprehensive Income and Other	30.5M	31.51M	32.92M	26.23M	1.78B
Total Common Equity	-252M	-166M	243M	761M	2.57B
Total Equity	-252M	-166M	243M	761M	2.57B
Total Liabilities And Equity	1.51B	1.96B	3B	6.3B	14.69B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	110M	110M	201M	201M	201M
ECS Total Common Shares Outstanding	110M	110M	201M	201M	201M
Book Value / Share	-2.29	-1.5	1.21	3.79	12.77
Tangible Book Value	-288M	-205M	193M	683M	2.32B
Tangible Book Value Per Share	-2.62	-1.87	0.96	3.4	11.55
Total Debt	463M	636M	209M	620M	1.27B
Net Debt	426M	244M	-500M	-984M	-1.47B
Debt Equivalent Oper. Leases	505M	660M	871M	2.33B	6.71B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	875M	1.07B	1.73B	3.29B	8.43B
Land - (BS)	15.38M	-	-	-	-
Buildings, Total	5.44M	24.32M	27.93M	56.72M	96.2M
Machinery, Total	81.68M	89.79M	113M	172M	1B
Full Time Employees	2.27K	2.34K	2.3K	2.46K	2.87K
Accumulated Allowance for Doubtful Accounts (Supple)	6.99M	7.26M	7.25M	7.34M	7.49M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-149M	85.3M	131M	525M	748M
Depreciation & Amortization - CF	118M	101M	120M	170M	700M
Amortization of Goodwill and Intangible Assets - (CF)	15.26M	18.07M	22.1M	28.71M	96.87M
Depreciation & Amortization, Total	133M	119M	142M	198M	797M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	8.32M	2.85M	133K	556K	-3K
Asset Writedown & Restructuring Costs	-3.78M	-5.6M	-5.89M	-362K	154K
Provision and Write-off of Bad Debts	-123K	273K	-10K	84K	216K
Other Operating Activities, Total	181M	235M	245M	497M	2.27B
Change In Accounts Receivable	-464K	-37.21M	-52.62M	-285M	-205M
Change In Inventories	-368M	-197M	-661M	-1.56B	-2.73B
Change In Accounts Payable	455M	154M	1.04B	2.13B	2.4B
Change in Other Net Operating Assets	-30.81M	8.23M	-34.49M	-77.88M	-315M
Cash from Operations	227M	364M	807M	1.43B	2.96B
Capital Expenditure	-23.93M	-22.27M	-55.28M	-186M	-464M
Sale of Property, Plant, and Equipment	3.18M	703K	565K	707K	3.72M
Sale (Purchase) of Intangible assets	-14.82M	-15.84M	-15.34M	-6.07M	-118M
Other Investing Activities, Total	124K	12.02M	14.02M	54.33M	294M
Cash from Investing	-35.45M	-25.38M	-56.03M	-137M	-284M
Short Term Debt Issued, Total	97.02M	255M	128M	296M	628M
Total Debt Issued	97.02M	255M	128M	296M	628M
Short Term Debt Repaid, Total	-	-32.12M	-534M	-129M	-351M
Long-Term Debt Repaid, Total	-141M	-102M	-139M	-207M	-456M
Total Debt Repaid	-141M	-134M	-673M	-335M	-807M
Issuance of Common Stock	-	-	276M	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Other Financing Activities, Total	-137M	-110M	-178M	-424M	-1.54B
Cash from Financing	-181M	11.23M	-447M	-463M	-1.72B
Foreign Exchange Rate Adjustments	-	4.85M	13.81M	60.4M	176M
Miscellaneous Cash Flow Adjustments	-	-	-	-	-1.04B
Net Change in Cash	10.28M	355M	317M	895M	95.59M
Supplemental Items
Cash Interest Paid	33.63M	110M	178M	424M	-
Cash Income Tax Paid (Refund)	-	-	-	71.71M	232M
Levered Free Cash Flow	112M	158M	570M	954M	-820M
Unlevered Free Cash Flow	269M	222M	623M	1.02B	-649M
Change In Net Working Capital	-52.95M	31.82M	-314M	-397M	369M
Net Debt Issued / Repaid	-44.24M	121M	-546M	-39.23M	-179M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	10.7	9.98	9.55	13.21	-3.86
Return on Total Capital	208.41	50.79	51.36	67.03	-14.77
Return On Equity %	83.75	-40.87	339.54	104.55	33.91
Return on Common Equity	83.75	-40.87	339.54	104.55	33.91
Margin Analysis
Gross Profit Margin %	17.1	16.44	16.71	16.52	10.54
SG&A Margin	12.86	10.17	9.55	9.46	10.03
EBITDA Margin %	5.5	5.57	5.57	5.95	-1.17
EBITA Margin %	5.07	5.27	5.34	5.8	-1.47
EBIT Margin %	4.7	4.94	5.04	5.64	-1.67
Income From Continuing Operations Margin %	-3.59	1.52	1.75	3.01	1.58
Net Income Margin %	-3.59	1.52	1.75	3.01	1.58
Net Avail. For Common Margin %	-3.59	1.52	1.75	3.01	1.58
Normalized Net Income Margin	-2.48	0.94	1.07	2.18	1.42
Levered Free Cash Flow Margin	2.71	2.81	7.58	5.47	-1.73
Unlevered Free Cash Flow Margin	6.51	3.96	8.28	5.83	-1.37
Asset Turnover
Asset Turnover	3.64	3.23	3.03	3.75	3.69
Fixed Assets Turnover	17.56	16.94	28.34	41.23	30.09
Receivables Turnover (Average Receivables)	62.62	66.09	58.02	58.43	57.08
Inventory Turnover (Average Inventory)	5.07	4.88	4.51	5.76	5.98
Short Term Liquidity
Current Ratio	0.67	0.81	1	1.05	1.08
Quick Ratio	0.07	0.25	0.33	0.39	0.32
Operating Cash Flow to Current Liabilities	0.15	0.19	0.31	0.28	0.26
Days Sales Outstanding (Average Receivables)	5.83	5.54	6.29	6.25	6.39
Days Outstanding Inventory (Average Inventory)	72.05	75.02	81	63.35	61.01
Average Days Payable Outstanding	95.96	97.37	99.59	78.13	70.15
Cash Conversion Cycle (Average Days)	-18.07	-16.82	-12.3	-8.53	-2.75
Long Term Solvency
Total Debt/Equity	-183.9	-384.46	86.07	81.44	49.47
Total Debt / Total Capital	219.19	135.15	46.26	44.89	33.1
LT Debt/Equity	-108.36	-101.48	46.53	34.62	16.97
Long-Term Debt / Total Capital	129.16	35.68	25.01	19.08	11.36
Total Liabilities / Total Assets	116.65	108.44	91.9	87.91	82.52
EBIT / Interest Expense	0.77	2.69	4.51	9.79	-2.89
EBITDA / Interest Expense	1.31	3.84	6.2	11.77	0.02
(EBITDA - Capex) / Interest Expense	1.21	3.63	5.55	9.91	-1.68
Total Debt / EBITDA