Formula Systems (FORTY)

16.00 -0.22  -1.36%  May 25, 11:00PM Go Pro
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Formula Systems Net PP&E: 19.16M

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FORTY Net PP&E Rankings

Overall 23rd percentile 2713 of 3567
Sector 36th percentile 419 of 659 in Technology
Industry 55th percentile 22 of 49 in Business Software & Services

FORTY Net PP&E Range, Past 5 Years

Minimum 19.16M Dec 2011
Maximum 20.14M Jun 2011
Average 19.65M

About Net PP&E

Net PP&E is short for Net Property Plant and Equipment. Property Plant and Equipment is the value of all buildings, land, furniture, and other physical capital that a business has purchased to run its business. The term "Net" means that it is "Net" of accumulated depreciation expenses.

For example, assume that a company buys a building worth $1,000,000, along with $50,000 of furniture. Their Net PP&E at the moment of purchase is $1,050,000.

Each year, however, the company must depreciate the value of that PP&E to account for the fact that it will wear out an need to be fixed or re-purchased in the future. Assume that in the first year, the company depreciates the building and furniture by $105,000 (or 10% of the original value). Then, at the end of the year, its Net PP&E is:

$1,050,000 - $105,000 = $945,000

As the company buys more PP&E, the value of its Net PP&E will increase, and as time passes, the value will decrease according to depreciation expenses.
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FORTY News

Magic Announces Filing of 2011 Annual Report
Apr 03, 12:26PM PR Newswire
Sapiens signs $27M 4-year frame agreement
Nov 27, 11:41AM FlyOnTheWall
Watch $FORTY expanding revenue and returns nicely and stock is on fire over past 6 months
about 872 days ago by cep15

Recent Quotes

Symbol Price Chg Chg % Market Cap
FORTY 16.00 -0.22 -1.36% 226.24M
FNSR 14.91 +0.32 +2.19% 1.325B
FNLC 14.06 -0.08 -0.57% 138.21M
FNK 19.70 +0.16 +0.82%
FNIO 26.98 +0.04 +0.14%
FNI 18.97 +0.41 +2.21%
FNGN 21.16 +0.25 +1.20% 962.07M
FNF 19.21 +0.27 +1.43% 4.197B
FNBND 18.72 -0.22 -1.16%
FNBN 18.45 -0.27 -1.44% 394.99M
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