Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Total Assets : ₺1,324.5 Mil (As of Dec. 2023)

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What is Formet Metal Ve Camnayi Anonim Sirketi Total Assets?

Formet Metal Ve Camnayi Anonim Sirketi's Total Assets for the quarter that ended in Dec. 2023 was ₺1,324.5 Mil.

Warning Sign:

If a company builds assets at 65.6% a year, faster than its revenue growth rate of 30.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Formet Metal Ve Camnayi Anonim Sirketi's average Total Assets Growth Rate was 6.40% per year. During the past 3 years, the average Total Assets Growth Rate was 91.00% per year. During the past 5 years, the average Total Assets Growth Rate was 65.60% per year.

During the past 9 years, Formet Metal Ve Camnayi Anonim Sirketi's highest 3-Year average Total Assets Growth Rate was 107.60%. The lowest was 13.70%. And the median was 31.20%.

Total Assets is connected with ROA %. Formet Metal Ve Camnayi Anonim Sirketi's annualized ROA % for the quarter that ended in Dec. 2023 was -37.70%. Total Assets is also linked to Revenue through Asset Turnover. Formet Metal Ve Camnayi Anonim Sirketi's Asset Turnover for the quarter that ended in Dec. 2023 was 0.20.

Formet Metal Ve Camnayi Anonim Sirketi Total Assets Historical Data

The historical data trend for Formet Metal Ve Camnayi Anonim Sirketi's Total Assets 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.

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Formet Metal Ve Camnayi Anonim Sirketi Total Assets Chart

Formet Metal Ve Camnayi Anonim Sirketi Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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144.13

189.97

347.57

1,184.52

1,324.47

Formet Metal Ve Camnayi Anonim Sirketi Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															1,184.52	787.25	858.49	1,049.65	1,324.47

Formet Metal Ve Camnayi Anonim Sirketi Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Formet Metal Ve Camnayi Anonim Sirketi's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	923.157	+	401.312
	=	1,324.5

Formet Metal Ve Camnayi Anonim Sirketi's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	923.157	+	401.312
	=	1,324.5

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Total Assets Explanation

Total Assets is connected with ROA %.

Formet Metal Ve Camnayi Anonim Sirketi's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-447.488	/	( (1049.654	+	1324.468)	/ 2 )
	=	-447.488	/	1187.061
	=	-37.70 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Formet Metal Ve Camnayi Anonim Sirketi's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	233.614	/	( (1049.654	+	1324.468)	/ 2 )
=	233.614	/	1187.061
=	0.20

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Formet Metal Ve Camnayi Anonim Sirketi Total Assets Related Terms

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Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Formet Metal Ve Cam Sanayi Anonim Sirketi (IST:FORMT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Caddesi No. 18, Organize Sanayi Bolgesi 9, Kayseri, TUR

Website

http://www.formetcelikkapi.com.tr

Formet Celik Kapi Sanayi ve Ticaret AS manufactures and sells steel doors. It offers products such as Panel Series, Neo Series, Eko Series, and others. The company also provides various accessories such as Knob 204, Knob 208, Kumru 1301 Gold, and other related accessories.

Formet Metal Ve Camnayi Anonim Sirketi (IST:FORMT) Headlines

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