Mepet Metro Petrol ve Tesislerinayi Ticaret AS (IST:MEPET) Days Payable : 2.28 (As of Dec. 2023)

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What is Mepet Metro Petrol ve Tesislerinayi Ticaret AS Days Payable?

Mepet Metro Petrol ve Tesislerinayi Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺33 Mil. Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,324 Mil. Hence, Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 2.28.

The historical rank and industry rank for Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable or its related term are showing as below:

IST:MEPET' s Days Payable Range Over the Past 10 Years
Min: 3.61 Med: 15.04 Max: 22.52
Current: 3.61

During the past 13 years, Mepet Metro Petrol ve Tesislerinayi Ticaret AS's highest Days Payable was 22.52. The lowest was 3.61. And the median was 15.04.

IST:MEPET's Days Payable is ranked worse than
97.89% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs IST:MEPET: 3.61

Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable increased from Dec. 2022 (1.63) to Dec. 2023 (2.28). It may suggest that Mepet Metro Petrol ve Tesislerinayi Ticaret AS delayed paying its suppliers.

Mepet Metro Petrol ve Tesislerinayi Ticaret AS Days Payable Historical Data

The historical data trend for Mepet Metro Petrol ve Tesislerinayi Ticaret 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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Mepet Metro Petrol ve Tesislerinayi Ticaret AS Days Payable Chart

Mepet Metro Petrol ve Tesislerinayi Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.40

22.52

14.07

3.63

4.33

Mepet Metro Petrol ve Tesislerinayi Ticaret 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															1.63	6.03	3.93	3.66	2.28

Competitive Comparison of Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Mepet Metro Petrol ve Tesislerinayi Ticaret 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.

Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable falls into.

Mepet Metro Petrol ve Tesislerinayi Ticaret 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.

Mepet Metro Petrol ve Tesislerinayi Ticaret 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
=	( (46.218	+	27.224)	/	2 )	/	3092.711	*	365
=	36.721					/	3092.711	*	365
=	4.33

Mepet Metro Petrol ve Tesislerinayi Ticaret 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
=	( (39.064	+	27.224)	/	2 )	/	1324.178	*	365 / 4
=	33.144					/	1324.178	*	365 / 4
=	2.28

Mepet Metro Petrol ve Tesislerinayi Ticaret AS Days Payable Related Terms

Thank you for viewing the detailed overview of Mepet Metro Petrol ve Tesislerinayi Ticaret AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Mepet Metro Petrol ve Tesislerinayi Ticaret AS (IST:MEPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mepet Metro Petrol ve Tesisleri Sanayi Ticaret AS (IST:MEPET) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Re?adiye Caddesi, Cumhuriyet Köyü No: 18 Kat: 1, Beykoz, Istanbul, TUR, 34800

Website

http://www.metropetrol.com.tr

Mepet Metro Petrol ve Tesisleri Sanayi Ticaret AS is engaged in the operation of petrol and gas stations and road side restaurants in Turkey. Through its petrol stations, the company sells and stores petrol, fuel oil and liquefied gas.

Mepet Metro Petrol ve Tesislerinayi Ticaret AS (IST:MEPET) Headlines

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