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Temapol Polimer Plastik Ve Insaatnayi Ticaret AS (IST:TMPOL) Piotroski F-Score : 0 (As of Mar. 31, 2025)


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What is Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Piotroski F-Score or its related term are showing as below:


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Piotroski F-Score Historical Data

The historical data trend for Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's Piotroski F-Score can be seen below:

* 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.

* Premium members only.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Piotroski F-Score Chart

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Annual Data
Trend Dec13 Dec14 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 7.00 5.00 7.00 6.00 4.00

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 4.00 4.00 4.00

How is the Piotroski F-Score calculated?

* 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.

This Year (Dec23) TTM:Last Year (Dec22) TTM:
Net Income was 3.131 + 34.651 + 9.083 + -27.841 = ₺19.0 Mil.
Cash Flow from Operations was -29.891 + -74.645 + -14.905 + -201.862 = ₺-321.3 Mil.
Revenue was 92.618 + 96.693 + 179.153 + 390.078 = ₺758.5 Mil.
Gross Profit was 13.419 + 30.436 + 25.91 + 84.918 = ₺154.7 Mil.
Average Total Assets from the begining of this year (Dec22)
to the end of this year (Dec23) was
(1103.701 + 686.101 + 880.754 + 1018.851 + 1308.622) / 5 = ₺999.6058 Mil.
Total Assets at the begining of this year (Dec22) was ₺1,103.7 Mil.
Long-Term Debt & Capital Lease Obligation was ₺220.2 Mil.
Total Current Assets was ₺810.8 Mil.
Total Current Liabilities was ₺538.1 Mil.
Net Income was 6.77 + 5.824 + 8.738 + 11.269 = ₺32.6 Mil.

Revenue was 80.056 + 85.187 + 76.257 + 408.816 = ₺650.3 Mil.
Gross Profit was 17.586 + 19.794 + 16.642 + -41.339 = ₺12.7 Mil.
Average Total Assets from the begining of last year (Dec21)
to the end of last year (Dec22) was
(231.93 + 286.821 + 331.347 + 375.204 + 1103.701) / 5 = ₺465.8006 Mil.
Total Assets at the begining of last year (Dec21) was ₺231.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₺177.9 Mil.
Total Current Assets was ₺672.5 Mil.
Total Current Liabilities was ₺412.3 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current Net Income (TTM) was 19.0. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current Cash Flow from Operations (TTM) was -321.3. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Dec22)
=19.024/1103.701
=0.01723655

ROA (Last Year)=Net Income/Total Assets (Dec21)
=32.601/231.93
=0.14056396

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's return on assets of this year was 0.01723655. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's return on assets of last year was 0.14056396. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current Net Income (TTM) was 19.0. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current Cash Flow from Operations (TTM) was -321.3. ==> -321.3 <= 19.0 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Dec23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec22 to Dec23
=220.194/999.6058
=0.22028083

Gearing (Last Year: Dec22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec21 to Dec22
=177.917/465.8006
=0.38195958

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's gearing of this year was 0.22028083. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's gearing of last year was 0.38195958. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Dec23)=Total Current Assets/Total Current Liabilities
=810.82/538.096
=1.50683149

Current Ratio (Last Year: Dec22)=Total Current Assets/Total Current Liabilities
=672.494/412.31
=1.63103975

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current ratio of this year was 1.50683149. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's current ratio of last year was 1.63103975. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's number of shares in issue this year was 14.175. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's number of shares in issue last year was 14.175. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=154.683/758.542
=0.20392147

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=12.683/650.316
=0.01950283

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's gross margin of this year was 0.20392147. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's gross margin of last year was 0.01950283. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec22)
=758.542/1103.701
=0.68727128

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec21)
=650.316/231.93
=2.80393222

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's asset turnover of this year was 0.68727128. Temapol Polimer Plastik Ve Insaatnayi Ticaret AS's asset turnover of last year was 2.80393222. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+0+0+1+0+1+1+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Temapol Polimer Plastik Ve Insaatnayi Ticaret AS  (IST:TMPOL) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Piotroski F-Score Related Terms

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Temapol Polimer Plastik Ve Insaatnayi Ticaret AS Business Description

Traded in Other Exchanges
N/A
Address
Mimarsinan Organized Industrial Zone District, Cadde No: 9, Melikgazi, Kayseri, TUR, 31187
Te-mapol Polimer Plastik ve Insaat Sanayi Ticaret AS is engaged in the manufacturing of plastic polymer products. The company offers its products for the Automotive industry, Furniture, Medical Appliances, and Refrigeration industry.

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