Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) Days Payable : 59.34 (As of Mar. 2025)

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What is Turkiye Sise ve Cam Fabrikalari AS Days Payable?

Turkiye Sise ve Cam Fabrikalari AS's average Accounts Payable for the three months ended in Mar. 2025 was ₺22,564 Mil. Turkiye Sise ve Cam Fabrikalari AS's Cost of Goods Sold for the three months ended in Mar. 2025 was ₺34,699 Mil. Hence, Turkiye Sise ve Cam Fabrikalari AS's Days Payable for the three months ended in Mar. 2025 was 59.34.

The historical rank and industry rank for Turkiye Sise ve Cam Fabrikalari AS's Days Payable or its related term are showing as below:

IST:SISE' s Days Payable Range Over the Past 10 Years
Min: 37.28 Med: 51.89 Max: 65.41
Current: 51.19

During the past 13 years, Turkiye Sise ve Cam Fabrikalari AS's highest Days Payable was 65.41. The lowest was 37.28. And the median was 51.89.

IST:SISE's Days Payable is ranked worse than
58.02% of 524 companies
in the Conglomerates industry
Industry Median: 59.795 vs IST:SISE: 51.19

Turkiye Sise ve Cam Fabrikalari AS's Days Payable increased from Mar. 2024 (43.07) to Mar. 2025 (59.34). It may suggest that Turkiye Sise ve Cam Fabrikalari AS delayed paying its suppliers.

Turkiye Sise ve Cam Fabrikalari AS Days Payable Historical Data

The historical data trend for Turkiye Sise ve Cam Fabrikalari 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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Turkiye Sise ve Cam Fabrikalari AS Days Payable Chart

Turkiye Sise ve Cam Fabrikalari AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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56.42

65.41

37.28

49.45

61.93

Turkiye Sise ve Cam Fabrikalari AS Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															43.07	47.98	49.07	50.09	59.34

Competitive Comparison of Turkiye Sise ve Cam Fabrikalari AS's Days Payable

For the Conglomerates subindustry, Turkiye Sise ve Cam Fabrikalari 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.

Turkiye Sise ve Cam Fabrikalari AS's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Turkiye Sise ve Cam Fabrikalari AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Turkiye Sise ve Cam Fabrikalari AS's Days Payable falls into.

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Turkiye Sise ve Cam Fabrikalari 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.

Turkiye Sise ve Cam Fabrikalari AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (24432.18	+	24289.195)	/	2 )	/	143564.346	*	365
=	24360.6875					/	143564.346	*	365
=	61.93

Turkiye Sise ve Cam Fabrikalari AS's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (24289.195	+	20839.235)	/	2 )	/	34698.67	*	365 / 4
=	22564.215					/	34698.67	*	365 / 4
=	59.34

Turkiye Sise ve Cam Fabrikalari AS Days Payable Related Terms

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Turkiye Sise ve Cam Fabrikalari AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Turkiye Sise ve Cam Fabrikalari AS (IST:SISE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKKYY:USA

Address

Icmeler Mahallesi, D-100 Karayolu Caddesi, No: 44/A, Tuzla, Istanbul, TUR, 34947

Website

http://www.sisecam.com.tr

Turkiye Sise ve Cam Fabrikalari AS is a holding company that, through its subsidiaries, manufactures and sells glass products, chemicals, and glass packaging. The firm's five segments are based on product type. The flat glass segment, which generates more revenue than any other segment, sells glass panes used in windows and automobile windshields. The glassware segment sells glass beverage bottles and crystal products. The other three segments are glass packaging, chemicals, and other, which consists primarily of services including insurance and the export and import of goods. The majority of revenue comes from Turkey.

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