The highest return on equity in Turkey is in mining

According to the “Sector Balance Sheets 2023” research conducted jointly by TÜİK and the Central Bank, 12 million 448 thousand 735 people will be employed in 1 million 62 thousand 328 companies classified in 17 sectors as of 2023.

When the balance sheets and income statements of these sectors are examined, companies in 13 sectors made a profit on average last year, while those in 4 sectors closed the year with a loss.

‘Mining’ has the highest return on equity

When the sectors were examined according to their return on equity, it was seen that the average of the companies in the “mining and quarrying” sector had the highest rate, while the average return on equity of the companies was calculated as 36 percent.

Mining and quarrying was followed by ‘information and communication’ with 31 percent, ‘manufacturing’ with 24 percent, and ‘wholesale and retail trade, repair of motor vehicles and motorcycles’ with 21 percent.

Companies in 4 sectors closed the year with losses

According to the 2023 financial statements, companies in 4 sectors were seen to have suffered losses on average.

Among the sectors, it was seen that the sector that suffered the biggest loss on average in 2023 was real estate, with approximately 103.3 billion liras. This sector was followed by electricity, gas, steam and air conditioning production and distribution with 11.6 billion liras, transportation and storage with 8.5 billion liras, and education with 5.4 billion liras.

Source: www.dunya.com