Artemis Hali AS (IST:ARTMS) Days Payable : 115.17 (As of Sep. 2024)

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What is Artemis Hali AS Days Payable?

Artemis Hali AS's average Accounts Payable for the three months ended in Sep. 2024 was ₺200.2 Mil. Artemis Hali AS's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺158.6 Mil. Hence, Artemis Hali AS's Days Payable for the three months ended in Sep. 2024 was 115.17.

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

IST:ARTMS' s Days Payable Range Over the Past 10 Years
Min: 169.09 Med: 227.08 Max: 233.62
Current: 233.62

During the past 3 years, Artemis Hali AS's highest Days Payable was 233.62. The lowest was 169.09. And the median was 227.08.

IST:ARTMS's Days Payable is ranked better than
92.07% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.97 vs IST:ARTMS: 233.62

Artemis Hali AS's Days Payable declined from Dec. 2022 (534.41) to Sep. 2024 (115.17). It may suggest that Artemis Hali AS accelerated paying its suppliers.

Artemis Hali AS Days Payable Historical Data

The historical data trend for Artemis Hali 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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Artemis Hali AS Days Payable Chart

Artemis Hali AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

228.33

169.09

227.08

Artemis Hali AS Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial			534.41	147.10	88.85	139.83	115.17

Competitive Comparison of Artemis Hali AS's Days Payable

For the Textile Manufacturing subindustry, Artemis Hali 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.

Artemis Hali AS's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Artemis Hali AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Artemis Hali AS's Days Payable falls into.

Artemis Hali 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.

Artemis Hali AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (101.534	+	128.849)	/	2 )	/	185.158	*	365
=	115.1915					/	185.158	*	365
=	227.08

Artemis Hali AS's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (224.016	+	176.423)	/	2 )	/	158.638	*	365 / 4
=	200.2195					/	158.638	*	365 / 4
=	115.17

Artemis Hali AS Days Payable Related Terms

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Artemis Hali AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Artemis Hali AS (IST:ARTMS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Balmumcu District Itri Street No:8/1, Turkey, TUR

Website

https://www.artemishali.com.tr

Artemis Hali AS is a company whose business activity is manufacturing, importing, exporting, buying-selling and marketing all kinds of handmade carpets and machine-made carpets, runners, prayer rugs, rugs, blankets and textile products.

Artemis Hali AS Headlines

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