Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) Days Payable : 93.01 (As of Dec. 2023)

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What is Balatacilar Balataciliknayi ve Ticaret AS Days Payable?

Balatacilar Balataciliknayi ve Ticaret AS's average Accounts Payable for the six months ended in Dec. 2023 was ₺5.61 Mil. Balatacilar Balataciliknayi ve Ticaret AS's Cost of Goods Sold for the six months ended in Dec. 2023 was ₺22.01 Mil. Hence, Balatacilar Balataciliknayi ve Ticaret AS's Days Payable for the six months ended in Dec. 2023 was 46.51.

The historical rank and industry rank for Balatacilar Balataciliknayi ve Ticaret AS's Days Payable or its related term are showing as below:

IST:BALAT' s Days Payable Range Over the Past 10 Years
Min: 93.01 Med: 193.48 Max: 69715
Current: 93.01

During the past 13 years, Balatacilar Balataciliknayi ve Ticaret AS's highest Days Payable was 69715.00. The lowest was 93.01. And the median was 193.48.

IST:BALAT's Days Payable is ranked better than
69.71% of 1281 companies
in the Vehicles & Parts industry
Industry Median: 65.28 vs IST:BALAT: 93.01

Balatacilar Balataciliknayi ve Ticaret AS's Days Payable declined from Dec. 2021 (343.21) to Dec. 2023 (93.01). It may suggest that Balatacilar Balataciliknayi ve Ticaret AS accelerated paying its suppliers.

Balatacilar Balataciliknayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Balatacilar Balataciliknayi ve Ticaret 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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Balatacilar Balataciliknayi ve Ticaret AS Days Payable Chart

Balatacilar Balataciliknayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69,715.00

924.81

343.21

154.31

93.01

Balatacilar Balataciliknayi ve Ticaret AS Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial											69,715.00	924.81	343.21	154.31	93.01

Competitive Comparison of Balatacilar Balataciliknayi ve Ticaret AS's Days Payable

For the Auto Parts subindustry, Balatacilar Balataciliknayi ve Ticaret 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.

Balatacilar Balataciliknayi ve Ticaret AS's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Balatacilar Balataciliknayi ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Balatacilar Balataciliknayi ve Ticaret AS's Days Payable falls into.

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Balatacilar Balataciliknayi ve Ticaret 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.

Balatacilar Balataciliknayi ve Ticaret AS's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6.901	+	4.314)	/	2 )	/	22.005	*	365
=	5.6075					/	22.005	*	365
=	93.01

Balatacilar Balataciliknayi ve Ticaret AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.901	+	4.314)	/	2 )	/	22.005	*	365 / 2
=	5.6075					/	22.005	*	365 / 2
=	46.51

Balatacilar Balataciliknayi ve Ticaret AS Days Payable Related Terms

Thank you for viewing the detailed overview of Balatacilar Balataciliknayi ve Ticaret AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Balatacilar Balataciliknayi ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balatacilar Balatacilik Sanayi ve Ticaret AS (IST:BALAT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kemalpasa Avenue No:48, O.S.B Hometown, Izmir, TUR

Website

http://www.balatacilar.com

Balatacilar Balatacilik Sanayi ve Ticaret AS is engaged in the production of friction materials. Its products include disc brake pads, brake linings, and fiber clutch.

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