Artemis Hali AS (IST:ARTMS) Days Payable: 227.50 (As of Mar. 2026) — 42% Above Median


IST:ARTMS Artemis Hali AS IST:ARTMS
60 GF Score
Price ₺42.00
! 9 Warning Signs
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What is Artemis Hali AS Days Payable?

Artemis Hali AS IST:ARTMS +1.20% 60 Days Payable is 227.50 as of Mar. 2026, which is 42% above its 10-year median of 160.08. GuruFocus rates IST:ARTMS with a GF Score™ of 60/100. The stock has 9 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Artemis Hali AS ranks better than 85.29% on this metric.

Artemis Hali AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺106.5 Mil. Artemis Hali AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺42.7 Mil. Hence, Artemis Hali AS's Days Payable for the three months ended in Mar. 2026 was 227.50.

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: 67   Med: 160.08   Max: 228.33
Current: 139.07

During the past 6 years, Artemis Hali AS's highest Days Payable was 228.33. The lowest was 67.00. And the median was 160.08.

IST:ARTMS's Days Payable is ranked better than
85.29% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.135 vs IST:ARTMS: 139.07

Artemis Hali AS's Days Payable increased from Mar. 2025 (166.13) to Mar. 2026 (227.50). It may suggest that Artemis Hali AS delayed paying its suppliers.


Artemis Hali AS Days Payable Historical Data

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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.

Artemis Hali AS Days Payable Chart

Artemis Hali AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 169.09 227.08 67.00 82.53 151.07

Artemis Hali AS Quarterly Data
Dec20 Dec21 Dec22 Mar23 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 166.13 89.84 94.46 493.86 227.50

Artemis Hali AS Days Payable Competitor Comparison

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 Days Payable vs 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.


IST:ARTMS
60GF Score
Artemis Hali AS IST:ARTMS
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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. 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
=( (185.767 + 148.495) / 2 ) / 403.799*365
=167.131 / 403.799*365
=151.07

Artemis Hali 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
=( (148.495 + 64.572) / 2 ) / 42.73*365 / 4
=106.5335 / 42.73*365 / 4
=227.50

* 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 227.50 mean?
Artemis Hali AS (IST:ARTMS) has a Days Payable of 227.50 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 Artemis Hali AS and its competitors. This is 42% above median its historical median of 160.08. Over the past decade, Artemis Hali AS's Days Payable has ranged from 67.00 to 228.33. According to the industry distribution chart, Artemis Hali AS ranks #150 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 14.7%.
Is Artemis Hali AS's Days Payable too high?
Artemis Hali AS's current Days Payable of 227.50 is 42% above median its 10-year median of 160.08. Over the past 10 years, this metric has ranged from a low of 67.00 to a high of 228.33. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.14. Artemis Hali AS's value of 227.50 is 320.2% above this industry median. Based on the distribution chart, Artemis Hali AS ranks #150 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Artemis Hali AS has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Artemis Hali AS's Days Payable compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Artemis Hali AS ranks #150 out of 1020 companies for Days Payable. This places Artemis Hali AS in the top 15% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.14. Artemis Hali AS's value of 227.50 is 320.2% above this benchmark. Historically, Artemis Hali AS's own Days Payable has ranged from 67.00 to 228.33 over the past decade. While the company's 10-year median is 160.08 vs. the industry median of 54.14, Artemis Hali 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.14, based on 1,020 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. Artemis Hali AS's current Days Payable of 227.50 is 320.2% 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 Artemis Hali AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artemis Hali AS's current Days Payable is 227.50, which is 42% above median its own 10-year median of 160.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artemis Hali AS stock overvalued right now?
Artemis Hali AS (IST:ARTMS) has a current Days Payable of 227.50. The current Days Payable is 227.50, which is 42% above median its 10-year median of 160.08 and 320.2% above the Manufacturing - Apparel & Accessories industry median of 54.14. Artemis Hali AS's overall GF Score™ is 60/100 with 9 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 Artemis Hali AS (IST:ARTMS), the current Days Payable is 227.50 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.

Artemis Hali AS Business Description

Address Balmumcu District Itri Street No:8/1, Turkey, TUR
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.
60GF Score

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