Ayen Enerji AS (IST:AYEN) Days Payable: 18.97 (As of Mar. 2026) — 39% Below Median


IST:AYEN Ayen Enerji AS IST:AYEN
49 GF Score
Price ₺36.24
GF Value ₺23.30
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Ayen Enerji AS Days Payable?

Ayen Enerji AS IST:AYEN -6.31% 49 Days Payable is 18.97 as of Mar. 2026, which is 39% below its 10-year median of 30.90. GuruFocus rates IST:AYEN with a GF Score™ of 49/100 and a GF Value™ of ₺23.30 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 390 Utilities - Independent Power Producers companies, Ayen Enerji AS ranks worse than 84.36% on this metric.

Ayen Enerji AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺224 Mil. Ayen Enerji AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺1,078 Mil. Hence, Ayen Enerji AS's Days Payable for the three months ended in Mar. 2026 was 18.97.

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

IST:AYEN' s Days Payable Range Over the Past 10 Years
Min: 19.46   Med: 30.9   Max: 76.16
Current: 24.88

During the past 13 years, Ayen Enerji AS's highest Days Payable was 76.16. The lowest was 19.46. And the median was 30.90.

IST:AYEN's Days Payable is ranked worse than
84.36% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.9 vs IST:AYEN: 24.88

Ayen Enerji AS's Days Payable declined from Mar. 2025 (23.65) to Mar. 2026 (18.97). It may suggest that Ayen Enerji AS accelerated paying its suppliers.


Ayen Enerji AS Days Payable Historical Data

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The historical data trend for Ayen Enerji 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.

Ayen Enerji AS Days Payable Chart

Ayen Enerji 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 23.66 25.69 36.10 22.70 23.33

Ayen Enerji 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 23.65 29.32 27.87 30.16 18.97

Ayen Enerji AS Days Payable Competitor Comparison

For the Utilities - Renewable subindustry, Ayen Enerji 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.


Ayen Enerji AS Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Ayen Enerji AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ayen Enerji AS's Days Payable falls into.


IST:AYEN
49GF Score
Ayen Enerji AS IST:AYEN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ayen Enerji 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.

Ayen Enerji 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
=( (506.345 + 301.355) / 2 ) / 6317.785*365
=403.85 / 6317.785*365
=23.33

Ayen Enerji 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
=( (301.355 + 146.671) / 2 ) / 1077.649*365 / 4
=224.013 / 1077.649*365 / 4
=18.97

* 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 18.97 mean?
Ayen Enerji AS (IST:AYEN) has a Days Payable of 18.97 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 Ayen Enerji AS and its competitors. This is 39% below median its historical median of 30.90. Over the past decade, Ayen Enerji AS's Days Payable has ranged from 19.46 to 76.16. According to the industry distribution chart, Ayen Enerji AS ranks #329 out of 390 companies in the Utilities - Independent Power Producers industry, placing it in the top 84.4%.
Is Ayen Enerji AS's Days Payable too high?
Ayen Enerji AS's current Days Payable of 18.97 is 39% below median its 10-year median of 30.90. Over the past 10 years, this metric has ranged from a low of 19.46 to a high of 76.16. The Utilities - Independent Power Producers industry median Days Payable is 79.90. Ayen Enerji AS's value of 18.97 is 76.3% below this industry median. Based on the distribution chart, Ayen Enerji AS ranks #329 out of 390 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Ayen Enerji AS has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ayen Enerji AS's Days Payable compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ayen Enerji AS ranks #329 out of 390 companies for Days Payable. This places Ayen Enerji AS in the lower half of its industry. The industry median Days Payable is 79.90. Ayen Enerji AS's value of 18.97 is 76.3% below this benchmark. Historically, Ayen Enerji AS's own Days Payable has ranged from 19.46 to 76.16 over the past decade. While the company's 10-year median is 30.90 vs. the industry median of 79.90, Ayen Enerji 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.90, based on 390 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. Ayen Enerji AS's current Days Payable of 18.97 is 76.3% 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 Ayen Enerji AS and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ayen Enerji AS's current Days Payable is 18.97, which is 39% below median its own 10-year median of 30.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ayen Enerji AS stock overvalued right now?
Based on GuruFocus' analysis, Ayen Enerji AS (IST:AYEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺23.30, compared to a current price of ₺36.24 — trading 55.5% above its estimated fair value. The current Days Payable is 18.97, which is 39% below median its 10-year median of 30.90 and 76.3% below the Utilities - Independent Power Producers industry median of 79.90. Ayen Enerji AS's overall GF Score™ is 49/100 with 10 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 Ayen Enerji AS (IST:AYEN), the current Days Payable is 18.97 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 Ayen Enerji AS (IST:AYEN) Overvalued in 2026?

Based on GuruFocus' analysis, Ayen Enerji AS stock appears to be overvalued. The current stock price of ₺36.24 is trading 55.5% above its estimated GF Value™ of ₺23.30. GuruFocus considers Ayen Enerji AS to be Significantly Overvalued.

Key valuation signals for IST:AYEN:

  • Days Payable: 18.97 (39% below median its 10-year median of 30.90)
  • GF Value™: ₺23.30 vs. price of ₺36.24 (55.5% above fair value)
  • GF Score™: 49/100 with 10 warning signs
  • Industry Position: 76.3% below the Utilities - Independent Power Producers median (#329 of 390)

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


Ayen Enerji AS Business Description

Address Hulya Sokak No: 37, Gaziosmanpasa, Ankara, TUR, 06700
Ayen Enerji AS is a Turkey-based company engaged in the generation, transmission, distribution, and trading of electricity. The company's geographical segment includes Turkey and Abroad. It generates maximum revenue from Abroad. The company generates the majority of its energy from Hydro plants. The companies located in abroad operate in Albania, Serbia, and Slovenia.
49GF Score

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

₺36.24
Price
₺23.30
GF Value