What is Formul Plastik Ve Metalnayi AS Current Ratio?
Formul Plastik Ve Metalnayi ASIST:FRMPL -1.63%22 Current Ratio is 1.76 as of Dec. 2024, which is at its 10-year median of 1.76. GuruFocus rates IST:FRMPL with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 407 Building Materials companies, Formul Plastik Ve Metalnayi AS ranks better than 57.99% on this metric.
Formul Plastik Ve Metalnayi AS has a current ratio of 1.76. It generally indicates good short-term financial strength.
The historical rank and industry rank for Formul Plastik Ve Metalnayi AS's Current Ratio or its related term are showing as below:
IST:FRMPL'
s Current Ratio Range Over the Past 10 Years
Min: 1.75 Med: 1.76 Max: 2.03
Current: 1.76
During the past 3 years, Formul Plastik Ve Metalnayi AS's highest Current Ratio was 2.03. The lowest was 1.75. And the median was 1.76.
IST:FRMPL's Current Ratio is ranked better than 57.99% of 407
companies
in the Building Materials industry
Industry Median: 1.5
vs IST:FRMPL: 1.76
Formul Plastik Ve Metalnayi AS (IST:FRMPL) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Formul Plastik Ve Metalnayi AS Current Ratio Related Terms
Formul Plastik Ve Metalnayi AS Current Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Formul Plastik Ve Metalnayi AS Current Ratio Chart
Formul Plastik Ve Metalnayi AS Annual Data
Trend
Dec22
Dec23
Dec24
Current Ratio
1.75
2.03
1.76
Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22
Dec23
Dec24
Current Ratio
1.75
2.03
1.76
IST:FRMPL vs CRH, VMC, MLM: Current Ratio Comparison
For the Building Materials subindustry, Formul Plastik Ve Metalnayi AS's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Formul Plastik Ve Metalnayi AS Current Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's Current Ratio distribution charts can be found below:
* The bar in red indicates where Formul Plastik Ve Metalnayi AS's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a Current Ratio of 1.76 as of Dec. 2024. This is near median its historical median of 1.76. Over the past decade, Formul Plastik Ve Metalnayi AS's Current Ratio has ranged from 1.75 to 2.03. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #171 out of 407 companies in the Building Materials industry, placing it in the top 42%.
Is Formul Plastik Ve Metalnayi AS's Current Ratio too high?
Formul Plastik Ve Metalnayi AS's current Current Ratio of 1.76 is near median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 2.03. The Building Materials industry median Current Ratio is 1.50. Formul Plastik Ve Metalnayi AS's value of 1.76 is 17.3% above this industry median. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #171 out of 407 companies in the Building Materials industry, which is above the industry midpoint. Overall, Formul Plastik Ve Metalnayi AS has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Formul Plastik Ve Metalnayi AS's Current Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #171 out of 407 companies for Current Ratio. This puts Formul Plastik Ve Metalnayi AS in the upper half of its industry. The industry median Current Ratio is 1.50. Formul Plastik Ve Metalnayi AS's value of 1.76 is 17.3% above this benchmark. Historically, Formul Plastik Ve Metalnayi AS's own Current Ratio has ranged from 1.75 to 2.03 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.50, Formul Plastik Ve Metalnayi AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Building Materials company?
The median Current Ratio among Building Materials companies is 1.50, based on 407 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Formul Plastik Ve Metalnayi AS's current Current Ratio of 1.76 is 17.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Building Materials industry, the median Current Ratio is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current Current Ratio is 1.76, which is near median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formul Plastik Ve Metalnayi AS stock overvalued right now?
Formul Plastik Ve Metalnayi AS (IST:FRMPL) has a current Current Ratio of 1.76. The current Current Ratio is 1.76, which is near median its 10-year median of 1.76 and 17.3% above the Building Materials industry median of 1.50. Formul Plastik Ve Metalnayi AS's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current Current Ratio is 1.76 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Formul Plastik Ve Metalnayi AS Business Description
Formul Plastik Ve Metal Sanayi AS is engaged in manufacturing PP-R pipes and fittings, PVC pipes and fittings, and PE-RT pipes. It also produces brass inserts and fittings. The company operates under the brand names Formul, Aquapa, Foraqua, Aquaplast, and Aquapipe. Geographically, it serves Africa, CIS countries, Far East, Middle East and South America.
22GF Score
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