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


IST:BALAT Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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What is Balatacilar Balataciliknayi ve Ticaret AS Days Payable?

Balatacilar Balataciliknayi ve Ticaret AS IST:BALAT +2.49% 5 Days Payable is 93.01 as of Dec. 2023. GuruFocus rates IST:BALAT with a GF Score™ of 5/100.

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 is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.05
* Ranked among companies with meaningful Days Payable only.

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 Related Terms

Balatacilar Balataciliknayi ve Ticaret AS Days Payable Historical Data

* Premium members only.

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.

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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69,715.00 924.81 343.21 154.31 93.01

IST:BALAT vs ORLY, AZO, GPC: Days Payable Comparison

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 Days Payable vs 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.


IST:BALAT
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Balatacilar Balatacilik Sanayi ve Ticaret AS IST:BALAT
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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

* 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 93.01 mean?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a Days Payable of 93.01 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Balatacilar Balataciliknayi ve Ticaret AS and its competitors.
Is Balatacilar Balataciliknayi ve Ticaret AS's Days Payable too high?
Balatacilar Balataciliknayi ve Ticaret AS's current Days Payable is 93.01. The Vehicles & Parts industry median Days Payable is 67.05. Balatacilar Balataciliknayi ve Ticaret AS's value of 93.01 is 38.7% above this industry median. Overall, Balatacilar Balataciliknayi ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Balatacilar Balataciliknayi ve Ticaret AS's Days Payable compare to ORLY and AZO?
Balatacilar Balataciliknayi ve Ticaret AS's Days Payable of 93.01 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.05. Balatacilar Balataciliknayi ve Ticaret AS's value of 93.01 is 38.7% above this benchmark. 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.05, based on 1,311 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. Balatacilar Balataciliknayi ve Ticaret AS's current Days Payable of 93.01 is 38.7% 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 Balatacilar Balataciliknayi ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balatacilar Balataciliknayi ve Ticaret AS's current Days Payable is 93.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balatacilar Balataciliknayi ve Ticaret AS stock overvalued right now?
Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT) has a current Days Payable of 93.01. The current Days Payable is 93.01 and 38.7% above the Vehicles & Parts industry median of 67.05. Balatacilar Balataciliknayi ve Ticaret AS's overall GF Score™ is 5/100. 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 Balatacilar Balataciliknayi ve Ticaret AS (IST:BALAT), the current Days Payable is 93.01 as of Dec. 2023. 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.

Balatacilar Balataciliknayi ve Ticaret AS Business Description

Address Daire 708, Gumruk Is Merkezi, No.38, Cumhuriyet Bulvari, Konak Mahallesi, Izmir, TUR
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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