Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Days Payable : 27.46 (As of Dec. 2023)

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What is Alfa Solar Enerjinayi Ve Ticaret AS Days Payable?

Alfa Solar Enerjinayi Ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺866 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,879 Mil. Hence, Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 27.46.

The historical rank and industry rank for Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable or its related term are showing as below:

IST:ALFAS' s Days Payable Range Over the Past 10 Years
Min: 41.76 Med: 78.58 Max: 146.81
Current: 41.76

During the past 5 years, Alfa Solar Enerjinayi Ve Ticaret AS's highest Days Payable was 146.81. The lowest was 41.76. And the median was 78.58.

IST:ALFAS's Days Payable is ranked worse than
60.62% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs IST:ALFAS: 41.76

Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable declined from Dec. 2022 (27.53) to Dec. 2023 (27.46). It may suggest that Alfa Solar Enerjinayi Ve Ticaret AS accelerated paying its suppliers.

Alfa Solar Enerjinayi Ve Ticaret AS Days Payable Historical Data

The historical data trend for Alfa Solar Enerjinayi Ve 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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Alfa Solar Enerjinayi Ve Ticaret AS Days Payable Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

99.77

78.58

146.81

53.62

48.40

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial							27.53	54.00	45.13	54.58	27.46

Competitive Comparison of Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable

For the Solar subindustry, Alfa Solar Enerjinayi Ve 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.

Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Alfa Solar Enerjinayi Ve Ticaret AS's Days Payable falls into.

Alfa Solar Enerjinayi Ve 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.

Alfa Solar Enerjinayi Ve 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
=	( (729.731	+	894.093)	/	2 )	/	6123.487	*	365
=	811.912					/	6123.487	*	365
=	48.40

Alfa Solar Enerjinayi Ve 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
=	( (838.421	+	894.093)	/	2 )	/	2878.69	*	365 / 4
=	866.257					/	2878.69	*	365 / 4
=	27.46

Alfa Solar Enerjinayi Ve Ticaret AS Days Payable Related Terms

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Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alfa Solar Enerji Sanayi Ve Ticaret AS (IST:ALFAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No: 31, Yelken Plaza, Cankaya, Ankara, TUR

Website

https://www.alfasolarenerji.com

Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.

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