Aygaz ASIST:AYGAZ +0.75%56 Days Payable is 23.16 as of Mar. 2026, which is 11% below its 10-year median of 26.07. GuruFocus rates IST:AYGAZ with a GF Score™ of 56/100 and a GF Value™ of ₺148.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 481 Utilities - Regulated companies, Aygaz AS ranks worse than 88.36% on this metric.
Aygaz AS's average Accounts Payable for the
three
months ended in Mar. 2026 was ₺4,912 Mil. Aygaz AS's Cost of Goods Sold for the
three
months ended in Mar. 2026 was ₺19,357 Mil.
Hence, Aygaz AS's Days Payable for the
three
months ended in Mar. 2026 was 23.16.
The historical rank and industry rank for Aygaz AS's Days Payable or its related term are showing as below:
IST:AYGAZ'
s Days Payable Range Over the Past 10 Years
Min: 22.45 Med: 26.07 Max: 37.2
Current: 25.09
During the past 13 years, Aygaz AS's highest Days Payable was 37.20. The lowest was 22.45. And the median was 26.07.
IST:AYGAZ's Days Payable is ranked worse than 88.36% of 481
companies
in the Utilities - Regulated industry
Industry Median: 70.35
vs IST:AYGAZ: 25.09
Aygaz AS's Days Payable
declined
from Mar. 2025 (23.75) to Mar. 2026 (23.16).
It may suggest that Aygaz ASaccelerated paying its suppliers.
Aygaz AS Days Payable Related Terms
Aygaz AS Days Payable Historical Data
* Premium members only.
The historical data trend for Aygaz 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.
IST:AYGAZ vs ATO, NI, UGI: Days Payable Comparison
For the Utilities - Regulated Gas subindustry, Aygaz 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.
Aygaz AS Days Payable vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's Days Payable distribution charts can be found below:
* The bar in red indicates where Aygaz AS's Days Payable falls into.
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.
Aygaz AS's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Aygaz AS (IST:AYGAZ) has a Days Payable of 23.16 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 Aygaz AS and its competitors. This is 11% below median its historical median of 26.07. Over the past decade, Aygaz AS's Days Payable has ranged from 22.45 to 37.20. According to the industry distribution chart, Aygaz AS ranks #425 out of 481 companies in the Utilities - Regulated industry, placing it in the top 88.4%.
Is Aygaz AS's Days Payable too high?
Aygaz AS's current Days Payable of 23.16 is 11% below median its 10-year median of 26.07. Over the past 10 years, this metric has ranged from a low of 22.45 to a high of 37.20. The Utilities - Regulated industry median Days Payable is 70.35. Aygaz AS's value of 23.16 is 67.1% below this industry median. Based on the distribution chart, Aygaz AS ranks #425 out of 481 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Aygaz AS has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's Days Payable compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #425 out of 481 companies for Days Payable. This places Aygaz AS in the lower half of its industry. The industry median Days Payable is 70.35. Aygaz AS's value of 23.16 is 67.1% below this benchmark. Historically, Aygaz AS's own Days Payable has ranged from 22.45 to 37.20 over the past decade. While the company's 10-year median is 26.07 vs. the industry median of 70.35, Aygaz 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 - Regulated company?
The median Days Payable among Utilities - Regulated companies is 70.35, based on 481 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. Aygaz AS's current Days Payable of 23.16 is 67.1% 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 Aygaz AS and its competitors. For the Utilities - Regulated industry, the median Days Payable is 70.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current Days Payable is 23.16, which is 11% below median its own 10-year median of 26.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺148.14, compared to a current price of ₺215.10 — trading 45.2% above its estimated fair value. The current Days Payable is 23.16, which is 11% below median its 10-year median of 26.07 and 67.1% below the Utilities - Regulated industry median of 70.35. Aygaz AS's overall GF Score™ is 56/100 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 Aygaz AS (IST:AYGAZ), the current Days Payable is 23.16 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺215.10 is trading 45.2% above its estimated GF Value™ of ₺148.14.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
Days Payable: 23.16 (11% below median its 10-year median of 26.07)
GF Value™: ₺148.14 vs. price of ₺215.10 (45.2% above fair value)
Industry Position: 67.1% below the Utilities - Regulated median (#425 of 481)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
56GF Score
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