Grainturk Tarim (IST:GRTRK) Days Payable : 20.92 (As of Sep. 2023)

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What is Grainturk Tarim Days Payable?

Grainturk Tarim's average Accounts Payable for the three months ended in Sep. 2023 was ₺123 Mil. Grainturk Tarim's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺539 Mil. Hence, Grainturk Tarim's Days Payable for the three months ended in Sep. 2023 was 20.92.

The historical rank and industry rank for Grainturk Tarim's Days Payable or its related term are showing as below:

IST:GRTRK' s Days Payable Range Over the Past 10 Years
Min: 12.09 Med: 12.88 Max: 30.01
Current: 30.01

During the past 3 years, Grainturk Tarim's highest Days Payable was 30.01. The lowest was 12.09. And the median was 12.88.

IST:GRTRK's Days Payable is ranked worse than
71.53% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.795 vs IST:GRTRK: 30.01

Grainturk Tarim's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (20.92). It may suggest that Grainturk Tarim delayed paying its suppliers.

Grainturk Tarim Days Payable Historical Data

The historical data trend for Grainturk Tarim'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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Grainturk Tarim Days Payable Chart

Grainturk Tarim Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

25.51

12.88

12.09

Grainturk Tarim Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial				-	15.23	17.44	38.29	20.92

Competitive Comparison of Grainturk Tarim's Days Payable

For the Farm Products subindustry, Grainturk Tarim'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.

Grainturk Tarim's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grainturk Tarim's Days Payable distribution charts can be found below:

* The bar in red indicates where Grainturk Tarim's Days Payable falls into.

Grainturk Tarim 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.

Grainturk Tarim's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (9.421	+	19.882)	/	2 )	/	442.345	*	365
=	14.6515					/	442.345	*	365
=	12.09

Grainturk Tarim's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (52.44	+	194.452)	/	2 )	/	538.568	*	365 / 4
=	123.446					/	538.568	*	365 / 4
=	20.92

Grainturk Tarim Days Payable Related Terms

Thank you for viewing the detailed overview of Grainturk Tarim's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Grainturk Tarim (IST:GRTRK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grainturk Tarim (IST:GRTRK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Caddesi Krizantem Sokak No: 15, Levent, Istanbul, TUR, 34330

Website

https://www.grainturk.com

Grainturk Tarim is mainly engaged in the purchase and sale of agricultural products, mainly wheat, corn, barley, sunflower seeds, soybean, and cotton. through its subsidiaries firm also provides services for the storage of the said products within the scope of licensed warehousing.

Grainturk Tarim (IST:GRTRK) Headlines

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