Formul Plastik ve Metal Sanayi
Formul Plastik A.S. designs, manufactures, and sells pipes and fittings in Turkey and internationally. The company's products include PP-R pipes, PP-R fittings, PPRCT pipes, PVC pipes, PVC fittings, silent PP pipes, silent PP fittings, PE-RT pipes, and accessories. The company was founded in 1990 and is based in Istanbul, Turkey.
Formul Plastik ve Metal Sanayi (FRMPL) - Total Assets
Latest total assets as of September 2025: TL4.27 Billion TRY
Based on the latest financial reports, Formul Plastik ve Metal Sanayi (FRMPL) holds total assets worth TL4.27 Billion TRY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Formul Plastik ve Metal Sanayi - Total Assets Trend (2022–2024)
This chart illustrates how Formul Plastik ve Metal Sanayi’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Formul Plastik ve Metal Sanayi - Asset Composition Analysis
Current Asset Composition (December 2024)
Formul Plastik ve Metal Sanayi's total assets of TL4.27 Billion consist of 61.5% current assets and 38.5% non-current assets.
| Asset Category | Amount (TRY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | TL0.00 | 1.1% |
| Accounts Receivable | TL509.32 Million | 14.4% |
| Inventory | TL1.05 Billion | 29.6% |
| Property, Plant & Equipment | TL0.00 | 0.0% |
| Intangible Assets | TL7.34 Million | 0.2% |
| Goodwill | TL0.00 | 0.0% |
Asset Composition Trend (2022–2024)
This chart illustrates how Formul Plastik ve Metal Sanayi's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Formul Plastik ve Metal Sanayi's current assets represent 61.5% of total assets in 2024, a decrease from 76.9% in 2022.
- Cash Position: Cash and equivalents constituted 1.1% of total assets in 2024, down from 3.4% in 2022.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2022.
- Asset Diversification: The largest asset category is inventory at 29.6% of total assets.
Formul Plastik ve Metal Sanayi Competitors by Total Assets
Key competitors of Formul Plastik ve Metal Sanayi based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
CSG Holding Co Ltd
SHE:000012
|
China | CN¥31.27 Billion |
|
Tangshan Jidong Cement Co Ltd
SHE:000401
|
China | CN¥58.66 Billion |
|
Chosun Refractories Co Ltd
KO:000480
|
Korea | ₩1.60 Trillion |
|
Gansu Shangfeng Cement Co Ltd
SHE:000672
|
China | CN¥16.88 Billion |
|
Jiangxi Wannianqing Cement Co Ltd
SHE:000789
|
China | CN¥15.80 Billion |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
China | CN¥289.73 Billion |
|
Sinostone Guangdong Co Ltd
SHE:001212
|
China | CN¥2.25 Billion |
|
Tongyang Inc
KO:001525
|
Korea | ₩1.31 Trillion |
Formul Plastik ve Metal Sanayi - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Formul Plastik ve Metal Sanayi generates 1.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Formul Plastik ve Metal Sanayi generates $ 4.51 in net profit.
Formul Plastik ve Metal Sanayi - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.64 | 1.76 | - |
| Quick Ratio | 0.91 | 0.92 | - |
| Cash Ratio | 0.00 | 0.00 | - |
| Working Capital | TL1.16 Billion | TL 944.57 Million | - |
Formul Plastik ve Metal Sanayi - Advanced Valuation Insights
This section examines the relationship between Formul Plastik ve Metal Sanayi's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.17 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | 0.2% |
| Total Assets | TL3.55 Billion |
| Market Capitalization | $20.98 Million USD |
Valuation Analysis
Below Book Valuation: The market values Formul Plastik ve Metal Sanayi's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Formul Plastik ve Metal Sanayi's assets grew by 0.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Formul Plastik ve Metal Sanayi (2022–2024)
The table below shows the annual total assets of Formul Plastik ve Metal Sanayi from 2022 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.55 Billion | +0.16% |
| 2023-12-31 | TL3.54 Billion | -2.06% |
| 2022-12-31 | TL3.61 Billion | -- |