What is Formul Plastik Ve Metalnayi AS Days Payable?
Formul Plastik Ve Metalnayi ASIST:FRMPL -1.63%22 Days Payable is 33.01 as of Dec. 2024, which is at its 10-year median of 33.01. GuruFocus rates IST:FRMPL with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 394 Building Materials companies, Formul Plastik Ve Metalnayi AS ranks worse than 81.98% on this metric.
* 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 Days Payable Chart
Formul Plastik Ve Metalnayi AS Annual Data
Trend
Dec22
Dec23
Dec24
Days Payable
30.63
36.04
33.01
Formul Plastik Ve Metalnayi AS Semi-Annual Data
Dec22
Dec23
Dec24
Days Payable
30.63
36.04
33.01
IST:FRMPL vs CRH, VMC, MLM: Days Payable Comparison
For the Building Materials subindustry, Formul Plastik Ve Metalnayi AS's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Formul Plastik Ve Metalnayi AS's Days Payable distribution charts can be found below:
* The bar in red indicates where Formul Plastik Ve Metalnayi AS's Days Payable falls into.
Formul Plastik Ve Metalnayi AS Days Payable Calculation
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
* 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 Days Payable of 33.01 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. This is near median its historical median of 33.01. Over the past decade, Formul Plastik Ve Metalnayi AS's Days Payable has ranged from 30.63 to 36.04. According to the industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #323 out of 394 companies in the Building Materials industry, placing it in the top 82%.
Is Formul Plastik Ve Metalnayi AS's Days Payable too high?
Formul Plastik Ve Metalnayi AS's current Days Payable of 33.01 is near median its 10-year median of 33.01. Over the past 10 years, this metric has ranged from a low of 30.63 to a high of 36.04. The Building Materials industry median Days Payable is 69.89. Formul Plastik Ve Metalnayi AS's value of 33.01 is 52.8% below this industry median. Based on the distribution chart, Formul Plastik Ve Metalnayi AS ranks #323 out of 394 companies in the Building Materials industry, which is in the bottom quartile relative to peers. 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 Days Payable compare to CRH and VMC?
According to the Building Materials industry distribution chart, Formul Plastik Ve Metalnayi AS ranks #323 out of 394 companies for Days Payable. This places Formul Plastik Ve Metalnayi AS in the lower half of its industry. The industry median Days Payable is 69.89. Formul Plastik Ve Metalnayi AS's value of 33.01 is 52.8% below this benchmark. Historically, Formul Plastik Ve Metalnayi AS's own Days Payable has ranged from 30.63 to 36.04 over the past decade. While the company's 10-year median is 33.01 vs. the industry median of 69.89, Formul Plastik Ve Metalnayi AS has consistently been below 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 Days Payable for a Building Materials company?
The median Days Payable among Building Materials companies is 69.89, based on 394 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Formul Plastik Ve Metalnayi AS's current Days Payable of 33.01 is 52.8% below 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Formul Plastik Ve Metalnayi AS and its competitors. For the Building Materials industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formul Plastik Ve Metalnayi AS's current Days Payable is 33.01, which is near median its own 10-year median of 33.01. 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 Days Payable of 33.01. The current Days Payable is 33.01, which is near median its 10-year median of 33.01 and 52.8% below the Building Materials industry median of 69.89. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Formul Plastik Ve Metalnayi AS (IST:FRMPL), the current Days Payable is 33.01 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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