Ersu Meyve ve Gidanayi AS (IST:ERSU) Days Payable : 26.96 (As of Dec. 2023)

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What is Ersu Meyve ve Gidanayi AS Days Payable?

Ersu Meyve ve Gidanayi AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺10.14 Mil. Ersu Meyve ve Gidanayi AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺34.31 Mil. Hence, Ersu Meyve ve Gidanayi AS's Days Payable for the three months ended in Dec. 2023 was 26.96.

The historical rank and industry rank for Ersu Meyve ve Gidanayi AS's Days Payable or its related term are showing as below:

IST:ERSU' s Days Payable Range Over the Past 10 Years
Min: 32.17 Med: 105.53 Max: 279.93
Current: 67.74

During the past 13 years, Ersu Meyve ve Gidanayi AS's highest Days Payable was 279.93. The lowest was 32.17. And the median was 105.53.

IST:ERSU's Days Payable is ranked better than
69.78% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs IST:ERSU: 67.74

Ersu Meyve ve Gidanayi AS's Days Payable declined from Dec. 2022 (27.10) to Dec. 2023 (26.96). It may suggest that Ersu Meyve ve Gidanayi AS accelerated paying its suppliers.

Ersu Meyve ve Gidanayi AS Days Payable Historical Data

The historical data trend for Ersu Meyve ve Gidanayi 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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Ersu Meyve ve Gidanayi AS Days Payable Chart

Ersu Meyve ve Gidanayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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279.93

206.64

120.35

57.34

102.70

Ersu Meyve ve Gidanayi AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.10	187.26	55.79	47.06	26.96

Competitive Comparison of Ersu Meyve ve Gidanayi AS's Days Payable

For the Packaged Foods subindustry, Ersu Meyve ve Gidanayi 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.

Ersu Meyve ve Gidanayi AS's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ersu Meyve ve Gidanayi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ersu Meyve ve Gidanayi AS's Days Payable falls into.

Ersu Meyve ve Gidanayi 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.

Ersu Meyve ve Gidanayi 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
=	( (30.202	+	11.558)	/	2 )	/	74.207	*	365
=	20.88					/	74.207	*	365
=	102.70

Ersu Meyve ve Gidanayi AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (8.716	+	11.558)	/	2 )	/	34.308	*	365 / 4
=	10.137					/	34.308	*	365 / 4
=	26.96

Ersu Meyve ve Gidanayi AS Days Payable Related Terms

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Ersu Meyve ve Gidanayi AS (IST:ERSU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ersu Meyve ve Gida Sanayi AS (IST:ERSU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

DSI Regulator Cad. Number 1, Eregli, Konya, TUR, 42310

Website

http://www.ersu.com.tr

Ersu Meyve ve Gida Sanayi AS is engaged in manufacturing concentrate and pulp juices in Turkey. The product offerings of the company include Pear juice concentrate, Quince juice concentrate, Blackberry juice concentrate, Apple juice concentrate, Pear puree, Strawberry puree, and Tomato Paste among others.

Ersu Meyve ve Gidanayi AS (IST:ERSU) Headlines

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