Gifa (GIFX) Days Payable: 17.63 (As of Mar. 2015)

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What is Gifa Days Payable?

Gifa GIFX +22.48% Days Payable is 17.63 as of Mar. 2015.

Gifa's average Accounts Payable for the three months ended in Mar. 2015 was $0.01 Mil. Gifa's Cost of Goods Sold for the three months ended in Mar. 2015 was $0.06 Mil. Hence, Gifa's Days Payable for the three months ended in Mar. 2015 was 17.63.

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

GIFX's Days Payable is not ranked *
in the Conglomerates industry.
Industry Median: 54.38
* Ranked among companies with meaningful Days Payable only.

Gifa's Days Payable declined from Mar. 2014 (30.71) to Mar. 2015 (17.63). It may suggest that Gifa accelerated paying its suppliers.

Gifa Days Payable Historical Data

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The historical data trend for Gifa'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.

Gifa Days Payable Chart

Gifa Annual Data
Trend Mar13 Mar14 Mar15
Days Payable
82.00 118.75 122.76

Gifa Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
Days Payable Get a 7-Day Free Trial 30.71 0.00 0.00 9,358.56 17.63

GIFX vs FLCX, IZEA, TRXD: Days Payable Comparison

For the Conglomerates subindustry, Gifa'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.

Gifa Days Payable vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Gifa's Days Payable distribution charts can be found below:

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


Gifa 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.

Gifa's Days Payable for the fiscal year that ended in Mar. 2015 is calculated as

Days Payable (A: Mar. 2015 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2014 ) + Accounts Payable (A: Mar. 2015 )) / count ) / Cost of Goods Sold (A: Mar. 2015 )*Days in Period
=( (0.019225 + 0.018761) / 2 ) / 0.056473*365
=0.018993 / 0.056473*365
=122.76

Gifa's Days Payable for the quarter that ended in Mar. 2015 is calculated as:

Days Payable (Q: Mar. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2014 ) + Accounts Payable (Q: Mar. 2015 )) / count ) / Cost of Goods Sold (Q: Mar. 2015 )*Days in Period
=( (0.00305 + 0.018761) / 2 ) / 0.056431*365 / 4
=0.0109055 / 0.056431*365 / 4
=17.63

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 17.63 mean?
Gifa (GIFX) has a Days Payable of 17.63 as of Mar. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Gifa and its competitors.
Is Gifa's Days Payable too high?
Gifa's current Days Payable is 17.63. The Conglomerates industry median Days Payable is 54.38. Gifa's value of 17.63 is 67.6% below this industry median.
How does Gifa's Days Payable compare to FLCX and IZEA?
Gifa's Days Payable of 17.63 can be compared against companies in the Conglomerates industry. The industry median Days Payable is 54.38. Gifa's value of 17.63 is 67.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Conglomerates company?
The median Days Payable among Conglomerates companies is 54.38, based on 492 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gifa's current Days Payable of 17.63 is 67.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Gifa and its competitors. For the Conglomerates industry, the median Days Payable is 54.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gifa's current Days Payable is 17.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gifa stock overvalued right now?
Gifa (GIFX) has a current Days Payable of 17.63. The current Days Payable is 17.63 and 67.6% below the Conglomerates industry median of 54.38. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Gifa (GIFX), the current Days Payable is 17.63 as of Mar. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gifa Business Description

Address Dr Fazil Kucuk Boulevard, Hamitkoy Junction, Northern Cyprus, Mersin 10, Lefkosa, TUR, 99010
Gifa Inc offers a range of comprehensive products and services, including, but not limited to, the following. It includes Financial services and consultancy, brokerage, business loans, project funding, crowdfunding advice and consultancy to private clients (individual and corporate clients), Personal and professional business development and investment advice to private clients, End-to-End Supply and Demand Chain Management, which includes controlling and coordinating the supply of materials to a wide range of entities that are globally involved in producing and delivering goods and services. It is also engaged in the media industry through Yeni Bakis Newspaper and WebTV, and various activities of the transport, travel, and tourism industries.