Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Days Payable : 45.57 (As of Dec. 2023)

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What is Eregli Demir Ve Celik Fabrikalari TAS Days Payable?

Eregli Demir Ve Celik Fabrikalari TAS's average Accounts Payable for the three months ended in Dec. 2023 was $725 Mil. Eregli Demir Ve Celik Fabrikalari TAS's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,452 Mil. Hence, Eregli Demir Ve Celik Fabrikalari TAS's Days Payable for the three months ended in Dec. 2023 was 45.57.

The historical rank and industry rank for Eregli Demir Ve Celik Fabrikalari TAS's Days Payable or its related term are showing as below:

ERELY' s Days Payable Range Over the Past 10 Years
Min: 18.48 Med: 30.9 Max: 47.32
Current: 41.81

During the past 13 years, Eregli Demir Ve Celik Fabrikalari TAS's highest Days Payable was 47.32. The lowest was 18.48. And the median was 30.90.

ERELY's Days Payable is ranked better than
50.85% of 588 companies
in the Steel industry
Industry Median: 39.59 vs ERELY: 41.81

Eregli Demir Ve Celik Fabrikalari TAS's Days Payable increased from Dec. 2022 (38.74) to Dec. 2023 (45.57). It may suggest that Eregli Demir Ve Celik Fabrikalari TAS delayed paying its suppliers.

Eregli Demir Ve Celik Fabrikalari TAS Days Payable Historical Data

The historical data trend for Eregli Demir Ve Celik Fabrikalari TAS'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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Eregli Demir Ve Celik Fabrikalari TAS Days Payable Chart

Eregli Demir Ve Celik Fabrikalari TAS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.19

53.35

57.06

36.58

55.88

Eregli Demir Ve Celik Fabrikalari TAS 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															38.74	40.63	36.81	45.98	45.57

Competitive Comparison of Eregli Demir Ve Celik Fabrikalari TAS's Days Payable

For the Steel subindustry, Eregli Demir Ve Celik Fabrikalari TAS'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.

Eregli Demir Ve Celik Fabrikalari TAS's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Eregli Demir Ve Celik Fabrikalari TAS's Days Payable distribution charts can be found below:

* The bar in red indicates where Eregli Demir Ve Celik Fabrikalari TAS's Days Payable falls into.

Eregli Demir Ve Celik Fabrikalari TAS 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.

Eregli Demir Ve Celik Fabrikalari TAS'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
=	( (601.814	+	805.659)	/	2 )	/	4596.512	*	365
=	703.7365					/	4596.512	*	365
=	55.88

Eregli Demir Ve Celik Fabrikalari TAS'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
=	( (644.509	+	805.659)	/	2 )	/	1452.001	*	365 / 4
=	725.084					/	1452.001	*	365 / 4
=	45.57

Eregli Demir Ve Celik Fabrikalari TAS Days Payable Related Terms

Thank you for viewing the detailed overview of Eregli Demir Ve Celik Fabrikalari TAS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Eregli Demir Ve Celik Fabrikalari TAS (Eregli Demir Ve Celik Fabrikalari TAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Eregli Demir Ve Celik Fabrikalari TAS (OTCPK:ERELY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EREGL:Turkey EDVA:Germany

Address

Barbaros Mahallesi Ardic Sok No: 6, Atasehir, Istanbul, TUR, 34746

Website

https://www.erdemir.com.tr

Eregli Demir Ve Celik Fabrikalari TAS is a Turkey-based company engaged in production of flat steel, long steel and other steel products. The company also provides engineering and project management services, as well as port services. As well, the company owns an iron ore mining arm. The company's steel products include hot-rolled product, cold-rolled product, galvanized products, metal packaging steel, billet, wire-rod, etc. These products are used in the automotive sector, manufacturing industry, projected works, consumer products, packaging industries and others. Most of the company's revenue comes from the Turkish domestic market.

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