ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Days Payable: 56.06 (As of Jun. 2026) — 58% Below Median

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IST:ARDYZ ARD Grup Bilisim Teknolojileri AS IST:ARDYZ
89 GF Score
Price ₺61.40
GF Value ₺61.46
Valuation Fairly Valued
! 5 Warning Signs
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What is ARD Grup Bilisim Teknolojileri AS Days Payable?

ARD Grup Bilisim Teknolojileri AS IST:ARDYZ +1.82% 89 Days Payable is 56.06 as of Jun. 2026, which is 58% below its 10-year median of 133.62. GuruFocus rates IST:ARDYZ with a GF Score™ of 89/100 and a GF Value™ of ₺61.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,610 Software companies, ARD Grup Bilisim Teknolojileri AS ranks worse than 55.52% on this metric.

ARD Grup Bilisim Teknolojileri AS's average Accounts Payable for the three months ended in Jun. 2026 was ₺824 Mil. ARD Grup Bilisim Teknolojileri AS's Cost of Goods Sold for the three months ended in Jun. 2026 was ₺1,342 Mil. Hence, ARD Grup Bilisim Teknolojileri AS's Days Payable for the three months ended in Jun. 2026 was 56.06.

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: 26.17   Med: 133.62   Max: 857.34
Current: 42.39

During the past 5 years, ARD Grup Bilisim Teknolojileri AS's highest Days Payable was 857.34. The lowest was 26.17. And the median was 133.62.

IST:ARDYZ's Days Payable is ranked worse than
55.52% of 2610 companies
in the Software industry
Industry Median: 51.36 vs IST:ARDYZ: 42.39

ARD Grup Bilisim Teknolojileri AS's Days Payable increased from Jun. 2025 (16.19) to Jun. 2026 (56.06). It may suggest that ARD Grup Bilisim Teknolojileri AS delayed paying its suppliers.


ARD Grup Bilisim Teknolojileri AS Days Payable Related Terms


ARD Grup Bilisim Teknolojileri AS Days Payable Historical Data

* Premium members only.

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.

ARD Grup Bilisim Teknolojileri AS Days Payable Chart

ARD Grup Bilisim Teknolojileri AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
147.94 187.17 149.70 10.41 58.17

ARD Grup Bilisim Teknolojileri AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.19 10.88 37.39 43.28 56.06

IST:ARDYZ vs MSFT, PLTR, ORCL: Days Payable Comparison

For the Information Technology Services 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 Days Payable vs 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.


IST:ARDYZ
89GF Score
ARD Grup Bilisim Teknolojileri AS IST:ARDYZ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (62.507517 + 847.810364) / 2 ) / 2856.094209*365
=455.1589405 / 2856.094209*365
=58.17

ARD Grup Bilisim Teknolojileri AS's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (569.023025 + 1079.839788) / 2 ) / 1341.985953*365 / 4
=824.4314065 / 1341.985953*365 / 4
=56.06

* 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 56.06 mean?
ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) has a Days Payable of 56.06 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ARD Grup Bilisim Teknolojileri AS and its competitors. This is 58% below median its historical median of 133.62. Over the past decade, ARD Grup Bilisim Teknolojileri AS's Days Payable has ranged from 26.17 to 857.34. According to the industry distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #1449 out of 2610 companies in the Software industry, placing it in the top 55.5%.
Is ARD Grup Bilisim Teknolojileri AS's Days Payable too high?
ARD Grup Bilisim Teknolojileri AS's current Days Payable of 56.06 is 58% below median its 10-year median of 133.62. Over the past 10 years, this metric has ranged from a low of 26.17 to a high of 857.34. The Software industry median Days Payable is 51.36. ARD Grup Bilisim Teknolojileri AS's value of 56.06 is 9.2% above this industry median. Based on the distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #1449 out of 2610 companies in the Software industry, which is below the industry midpoint. Overall, ARD Grup Bilisim Teknolojileri AS has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ARD Grup Bilisim Teknolojileri AS's Days Payable compare to MSFT and PLTR?
According to the Software industry distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #1449 out of 2610 companies for Days Payable. This places ARD Grup Bilisim Teknolojileri AS in the lower half of its industry. The industry median Days Payable is 51.36. ARD Grup Bilisim Teknolojileri AS's value of 56.06 is 9.2% above this benchmark. Historically, ARD Grup Bilisim Teknolojileri AS's own Days Payable has ranged from 26.17 to 857.34 over the past decade. While the company's 10-year median is 133.62 vs. the industry median of 51.36, ARD Grup Bilisim Teknolojileri AS has consistently been above the industry average. 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 Software company?
The median Days Payable among Software companies is 51.36, based on 2,610 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. ARD Grup Bilisim Teknolojileri AS's current Days Payable of 56.06 is 9.2% above 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 ARD Grup Bilisim Teknolojileri AS and its competitors. For the Software industry, the median Days Payable is 51.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARD Grup Bilisim Teknolojileri AS's current Days Payable is 56.06, which is 58% below median its own 10-year median of 133.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARD Grup Bilisim Teknolojileri AS stock overvalued right now?
Based on GuruFocus' analysis, ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) is currently considered Fairly Valued. The stock's GF Value™ is ₺61.46, compared to a current price of ₺61.40 — trading 0.1% below its estimated fair value. The current Days Payable is 56.06, which is 58% below median its 10-year median of 133.62 and 9.2% above the Software industry median of 51.36. ARD Grup Bilisim Teknolojileri AS's overall GF Score™ is 89/100 with 5 warning signs to review. 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 ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ), the current Days Payable is 56.06 as of Jun. 2026. 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.

Is ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Overvalued in 2026?

Based on GuruFocus' analysis, ARD Grup Bilisim Teknolojileri AS stock appears to be undervalued. The current stock price of ₺61.40 is trading 0.1% below its estimated GF Value™ of ₺61.46. GuruFocus considers ARD Grup Bilisim Teknolojileri AS to be Fairly Valued.

Key valuation signals for IST:ARDYZ:

  • Days Payable: 56.06 (58% below median its 10-year median of 133.62)
  • GF Value™: ₺61.46 vs. price of ₺61.40 (0.1% below fair value)
  • GF Score™: 89/100 with 5 warning signs
  • Industry Position: 9.2% above the Software median (#1449 of 2610)

No single metric tells the full story. See the IST:ARDYZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ARD Grup Bilisim Teknolojileri AS Business Description

Address Hacettepe Unit. Technocity 1. R&D No: 20, Ankara, TUR, 06800
ARD Grup Bilisim Teknolojileri AS is engaged in software development. It offers architecture solutions, software development, enterprise software solutions, cloud solutions, cybersecurity software.
89GF Score

Get the complete analysis for IST:ARDYZ

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺61.40
Price
₺61.46
GF Value