Creditwest Faktoring AS (IST:CRDFA) Days Payable : 3.41 (As of Mar. 2024)

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What is Creditwest Faktoring AS Days Payable?

Creditwest Faktoring AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺0.7 Mil. Creditwest Faktoring AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺19.5 Mil. Hence, Creditwest Faktoring AS's Days Payable for the three months ended in Mar. 2024 was 3.41.

The historical rank and industry rank for Creditwest Faktoring AS's Days Payable or its related term are showing as below:

During the past 13 years, Creditwest Faktoring AS's highest Days Payable was 34.41. The lowest was 8.80. And the median was 16.71.

IST:CRDFA's Days Payable is not ranked ^*
in the Credit Services industry.
Industry Median: 49.08
* Ranked among companies with meaningful Days Payable only.

Creditwest Faktoring AS's Days Payable increased from Mar. 2023 (1.21) to Mar. 2024 (3.41). It may suggest that Creditwest Faktoring AS delayed paying its suppliers.

Creditwest Faktoring AS Days Payable Historical Data

The historical data trend for Creditwest Faktoring AS's Days Payable 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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Creditwest Faktoring AS Days Payable Chart

Creditwest Faktoring AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.55

34.41

21.86

8.80

12.28

Creditwest Faktoring AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1.21	3.48	1.28	-	3.41

Competitive Comparison of Creditwest Faktoring AS's Days Payable

For the Credit Services subindustry, Creditwest Faktoring 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.

Creditwest Faktoring AS's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Creditwest Faktoring AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Creditwest Faktoring AS's Days Payable falls into.

Creditwest Faktoring 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.

Creditwest Faktoring AS's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.13	+	0.833)	/	2 )	/	14.314	*	365
=	0.4815					/	14.314	*	365
=	12.28

Creditwest Faktoring AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.833	+	0.627)	/	2 )	/	19.508	*	365 / 4
=	0.73					/	19.508	*	365 / 4
=	3.41

Creditwest Faktoring AS Days Payable Related Terms

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Creditwest Faktoring AS (IST:CRDFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Creditwest Faktoring AS (IST:CRDFA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere cad No 108, Enka Binasi Esentepe, Istanbul, TUR, 34394

Website

http://www.creditwest.com.tr

Creditwest Faktoring AS is a Turkish company which engages in the factoring activities regarding domestic and international transactions. It offers various types of factoring services, such as domestic, import and export, which are used in a range of sectors. The company also provides credit management, revenue management, and cash management.

Creditwest Faktoring AS (IST:CRDFA) Headlines

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