ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) Days Payable: 52.85 (As of Mar. 2026) — 60% Below Median


IST:ARDYZ ARD Grup Bilisim Teknolojileri AS IST:ARDYZ
90 GF Score
Price ₺59.20
GF Value ₺59.05
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 -4.21% 90 Days Payable is 52.85 as of Mar. 2026, which is 60% below its 10-year median of 133.62. GuruFocus rates IST:ARDYZ with a GF Score™ of 90/100 and a GF Value™ of ₺59.05 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,602 Software companies, ARD Grup Bilisim Teknolojileri AS ranks worse than 57.84% on this metric.

ARD Grup Bilisim Teknolojileri AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺727 Mil. ARD Grup Bilisim Teknolojileri AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺1,255 Mil. Hence, ARD Grup Bilisim Teknolojileri AS's Days Payable for the three months ended in Mar. 2026 was 52.85.

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 10 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
57.84% of 2602 companies
in the Software industry
Industry Median: 53.825 vs IST:ARDYZ: 42.39

ARD Grup Bilisim Teknolojileri AS's Days Payable increased from Mar. 2025 (29.79) to Mar. 2026 (52.85). 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 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.86 157.49 211.59 26.17 80.94

ARD Grup Bilisim Teknolojileri AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 29.79 36.91 20.93 39.65 52.85

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

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 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
90GF Score
ARD Grup Bilisim Teknolojileri AS IST:ARDYZ
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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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. 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
=( (62.508 + 884.913) / 2 ) / 2136.136*365
=473.7105 / 2136.136*365
=80.94

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

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (884.913 + 569.023) / 2 ) / 1255.11*365 / 4
=726.968 / 1255.11*365 / 4
=52.85

* 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 52.85 mean?
ARD Grup Bilisim Teknolojileri AS (IST:ARDYZ) has a Days Payable of 52.85 as of Mar. 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 60% 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 #1505 out of 2602 companies in the Software industry, placing it in the top 57.8%.
Is ARD Grup Bilisim Teknolojileri AS's Days Payable too high?
ARD Grup Bilisim Teknolojileri AS's current Days Payable of 52.85 is 60% 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 53.83. ARD Grup Bilisim Teknolojileri AS's value of 52.85 is 1.8% below this industry median. Based on the distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #1505 out of 2602 companies in the Software industry, which is below the industry midpoint. Overall, ARD Grup Bilisim Teknolojileri AS has a GF Score™ of 90/100 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 ORCL?
According to the Software industry distribution chart, ARD Grup Bilisim Teknolojileri AS ranks #1505 out of 2602 companies for Days Payable. This places ARD Grup Bilisim Teknolojileri AS in the lower half of its industry. The industry median Days Payable is 53.83. ARD Grup Bilisim Teknolojileri AS's value of 52.85 is 1.8% below 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 53.83, ARD Grup Bilisim Teknolojileri AS has consistently been below 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 53.83, based on 2,602 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 52.85 is 1.8% 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 ARD Grup Bilisim Teknolojileri AS and its competitors. For the Software industry, the median Days Payable is 53.83 — 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 52.85, which is 60% 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 ₺59.05, compared to a current price of ₺59.20 — trading 0.3% above its estimated fair value. The current Days Payable is 52.85, which is 60% below median its 10-year median of 133.62 and 1.8% below the Software industry median of 53.83. ARD Grup Bilisim Teknolojileri AS's overall GF Score™ is 90/100 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 52.85 as of Mar. 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 overvalued. The current stock price of ₺59.20 is trading 0.3% above its estimated GF Value™ of ₺59.05. GuruFocus considers ARD Grup Bilisim Teknolojileri AS to be Fairly Valued.

Key valuation signals for IST:ARDYZ:

  • Days Payable: 52.85 (60% below median its 10-year median of 133.62)
  • GF Value™: ₺59.05 vs. price of ₺59.20 (0.3% above fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 1.8% below the Software median (#1505 of 2602)

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.
90GF 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.

₺59.20
Price
₺59.05
GF Value