ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Days Payable : 13.62 (As of Dec. 2024)

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What is ARD Grup Bilisim Teknolojileri AS Days Payable?

ARD Grup Bilisim Teknolojileri AS's average Accounts Payable for the three months ended in Dec. 2024 was ₺49 Mil. ARD Grup Bilisim Teknolojileri AS's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺331 Mil. Hence, ARD Grup Bilisim Teknolojileri AS's Days Payable for the three months ended in Dec. 2024 was 13.62.

The historical rank and industry rank for ARD Grup Bilisim Teknolojileri AS's Days Payable or its related term are showing as below:

IST:ARDYZ' s Days Payable Range Over the Past 10 Years
Min: 24.26 Med: 157.49 Max: 857.34
Current: 24.26

During the past 9 years, ARD Grup Bilisim Teknolojileri AS's highest Days Payable was 857.34. The lowest was 24.26. And the median was 157.49.

IST:ARDYZ's Days Payable is ranked worse than
72.81% of 2556 companies
in the Software industry
Industry Median: 51.245 vs IST:ARDYZ: 24.26

ARD Grup Bilisim Teknolojileri AS's Days Payable declined from Dec. 2023 (50.66) to Dec. 2024 (13.62). It may suggest that ARD Grup Bilisim Teknolojileri AS accelerated paying its suppliers.

ARD Grup Bilisim Teknolojileri AS Days Payable Historical Data

The historical data trend for ARD Grup Bilisim Teknolojileri 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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ARD Grup Bilisim Teknolojileri AS Days Payable Chart

ARD Grup Bilisim Teknolojileri AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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62.41

103.86

157.49

211.59

30.83

ARD Grup Bilisim Teknolojileri AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															50.66	35.14	35.71	21.23	13.62

Competitive Comparison of ARD Grup Bilisim Teknolojileri AS's Days Payable

For the Software - Infrastructure subindustry, ARD Grup Bilisim Teknolojileri 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.

ARD Grup Bilisim Teknolojileri AS's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ARD Grup Bilisim Teknolojileri AS's Days Payable distribution charts can be found below:

* The bar in red indicates where ARD Grup Bilisim Teknolojileri AS's Days Payable falls into.

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ARD Grup Bilisim Teknolojileri 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.

ARD Grup Bilisim Teknolojileri 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
=	( (85.124	+	47.755)	/	2 )	/	786.604	*	365
=	66.4395					/	786.604	*	365
=	30.83

ARD Grup Bilisim Teknolojileri AS's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (51.124	+	47.755)	/	2 )	/	331.121	*	365 / 4
=	49.4395					/	331.121	*	365 / 4
=	13.62

ARD Grup Bilisim Teknolojileri AS Days Payable Related Terms

Thank you for viewing the detailed overview of ARD Grup Bilisim Teknolojileri AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ARD Grup Bilisim Teknolojileri AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hacettepe Unit. Technocity 1. R&D No: 20, Ankara, TUR, 06800

Website

https://www.ardinformatics.com.tr

ARD Grup Bilisim Teknolojileri AS is engaged in software development. It offers architecture solutions, software development, enterprise software solutions, cloud solutions, cybersecurity software.

ARD Grup Bilisim Teknolojileri AS Headlines

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