Kron Teknoloji AS (IST:KRONT) Days Payable : 15.53 (As of Dec. 2023)

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What is Kron Teknoloji AS Days Payable?

Kron Teknoloji AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺3.4 Mil. Kron Teknoloji AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺19.8 Mil. Hence, Kron Teknoloji AS's Days Payable for the three months ended in Dec. 2023 was 15.53.

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

IST:KRONT' s Days Payable Range Over the Past 10 Years
Min: 46.96 Med: 80.92 Max: 180.99
Current: 57.21

During the past 13 years, Kron Teknoloji AS's highest Days Payable was 180.99. The lowest was 46.96. And the median was 80.92.

IST:KRONT's Days Payable is ranked better than
53.34% of 2531 companies
in the Software industry
Industry Median: 50.16 vs IST:KRONT: 57.21

Kron Teknoloji AS's Days Payable declined from Dec. 2022 (29.70) to Dec. 2023 (15.53). It may suggest that Kron Teknoloji AS accelerated paying its suppliers.

Kron Teknoloji AS Days Payable Historical Data

The historical data trend for Kron Teknoloji 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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Kron Teknoloji AS Days Payable Chart

Kron Teknoloji AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.50

103.04

73.84

84.34

89.49

Kron Teknoloji AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															29.70	189.18	60.84	34.15	15.53

Competitive Comparison of Kron Teknoloji AS's Days Payable

For the Software - Infrastructure subindustry, Kron Teknoloji 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.

Kron Teknoloji AS's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Kron Teknoloji AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Kron Teknoloji AS's Days Payable falls into.

Kron Teknoloji 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.

Kron Teknoloji 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
=	( (14.972	+	4.048)	/	2 )	/	38.787	*	365
=	9.51					/	38.787	*	365
=	89.49

Kron Teknoloji 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
=	( (2.689	+	4.048)	/	2 )	/	19.791	*	365 / 4
=	3.3685					/	19.791	*	365 / 4
=	15.53

Kron Teknoloji AS Days Payable Related Terms

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Kron Teknoloji AS (IST:KRONT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kron Teknoloji AS (IST:KRONT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bilkent CyberPark C Blok No: 321 Bilkent, Istanbul, TUR, 34805

Website

https://www.kron.com.tr

Kron Teknoloji AS produces high technology solutions for the operational efficiency and security needs of corporate enterprises in finance, energy and health sectors, particularly in telecommunications. It offers advanced technology software products for the needs of medium and large size enterprises in the areas of service activation, quality assurance systems, ICT (Information and Communication Technology) Access Control Systems, high performance real-time data processing, and next generation security and audit.

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