2022 Financial Results Announced
ASELSAN's turnover in 2022 increased by 75% compared to the same period of the previous year.
Discover
ASELSAN's turnover in 2022 increased by 75% compared to the same period of the previous year.
Discover| Income Statement | 2023/03 | 2022/03 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Sales Revenue | 8,297 | 4,365 | 35,282 | 20,139 | 16,104 | 13,013 | 9,009 |
| Gross Profit / Loss | 2,513 | 1,263 | 11,783 | 6,649 | 4,605 | 3,372 | 2,211 |
| EBIT | 1,719 | 906 | 8,883 | 5,07 | 3,642 | 2,613 | 1,724 |
| EBITDA | 1,907 | 1,037 | 9,472 | 5,502 | 3,927 | 2,854 | 1,896 |
| Profit / Loss* | 2,254 | 1,677 | 11,868 | 7,127 | 4,461 | 3,353 | 2,319 |
Profit Margins (%)
| Ratios | 2023/03 | 2022/03 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Gross Profit | 30 | 29 | 33 | 33 | 29 | 26 | 25 |
| EBIT | 21 | 21 | 25 | 25 | 23 | 20 | 19 |
| EBITDA | 23 | 24 | 27 | 27 | 24 | 22 | 21 |
| Net Profit | 27 | 38 | 34 | 35 | 28 | 26 | 26 |
| Balance Sheet | 2023/03 | 2022/03 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Total Assets | 77,301 | 49,302 | 76,044 | 46,413 | 34,094 | 25,633 | 19,474 |
| Current Assets | 38,572 | 24,419 | 38,299 | 23,175 | 19,594 | 13,976 | 11,617 |
| Total Liabilities | 35,164 | 21,761 | 36,183 | 20,578 | 15,996 | 12,064 | 9,297 |
| Advances Received | 3,917 | 2,193 | 2,717 | 1,558 | 3,102 | 2,388 | 2,9 |
| Total Equity | 42,137 | 27,541 | 39,861 | 25,835 | 18,098 | 13,569 | 10,177 |
| Ratios | 2023/03 | 2022/03 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1,42 | 1,35 | 1,29 | 1,38 | 1,59 | 1,80 | 2,48 |
| Asset Turnover Ratio | 0,62 | 0,51 | 0,58 | 0,50 | 0,54 | 0,58 | 0,58 |
| Total Equity/Total Assets | 0,55 | 0,56 | 0,52 | 0,56 | 0,53 | 0,53 | 0,52 |
| Fixed Assets/Total Assets | 0,50 | 0,50 | 0,50 | 0,50 | 0,43 | 0,45 | 0,40 |
| Return on Equity | 0,36 | 0,32 | 0,36 | 0,32 | 0,28 | 0,28 | 0,31 |
| Return on Assets | 0,20 | 0,18 | 0,19 | 0,18 | 0,15 | 0,15 | 0,15 |
| Revenue per Employee (TL) | 3,55 | 2,04 | 3,22 | 2,03 | 1,85 | 1,91 | 1,58 |
| Number of Employees (Average) | 11,037 | 10,466 | 10,948 | 9,905 | 8,692 | 6,797 | 5,694 |
* Including non-controlling interests.
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ASELSAN has signed a sales contract valuing at € 59,368,579 for the use of one of its international clients.
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We continue to produce the most advanced technologies in this field with the power we get from innovation and R&D.
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ASELSAN has signed with one of its international clients a sales contract valuing at $ 74,557,000 regarding defense systems.
KORHAN is a new generation armored combat system with high firepower, equipped with advanced target detection and tracking systems.
ASELSAN presents its innovative next generation solutions for armoured vehicles at IAV Conference.
