Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Days Payable: 49.38 (As of Mar. 2026) — 46% Below Median

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IST:BRSAN Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
67 GF Score
Price ₺564.00
GF Value ₺696.69
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Days Payable?

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS IST:BRSAN +2.55% 67 Days Payable is 49.38 as of Mar. 2026, which is 46% below its 10-year median of 91.12. GuruFocus rates IST:BRSAN with a GF Score™ of 67/100 and a GF Value™ of ₺696.69 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 598 Steel companies, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks better than 59.36% on this metric.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺9,293 Mil. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺17,172 Mil. Hence, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable for the three months ended in Mar. 2026 was 49.38.

The historical rank and industry rank for Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable or its related term are showing as below:

IST:BRSAN' s Days Payable Range Over the Past 10 Years
Min: 40.49   Med: 91.12   Max: 176.6
Current: 51.89

During the past 13 years, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's highest Days Payable was 176.60. The lowest was 40.49. And the median was 91.12.

IST:BRSAN's Days Payable is ranked better than
59.36% of 598 companies
in the Steel industry
Industry Median: 41.37 vs IST:BRSAN: 51.89

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable declined from Mar. 2025 (61.41) to Mar. 2026 (49.38). It may suggest that Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS accelerated paying its suppliers.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Days Payable Related Terms


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Days Payable Historical Data

* Premium members only.

The historical data trend for Borusan Birlesik Boru Fabrikalarinayi 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Days Payable Chart

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 110.94 66.91 64.62 50.47 40.49

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 61.41 61.03 53.21 48.91 49.38

IST:BRSAN vs NUE, STLD, RS: Days Payable Comparison

For the Steel subindustry, Borusan Birlesik Boru Fabrikalarinayi 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.


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Days Payable vs Steel Industry

For the Steel industry and Basic Materials sector, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable falls into.


IST:BRSAN
67GF Score
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS IST:BRSAN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borusan Birlesik Boru Fabrikalarinayi 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.

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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
=( (5603.898 + 8914.729) / 2 ) / 65442.494*365
=7259.3135 / 65442.494*365
=40.49

Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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
=( (8914.729 + 9671.851) / 2 ) / 17171.73*365 / 4
=9293.29 / 17171.73*365 / 4
=49.38

* 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 49.38 mean?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) has a Days Payable of 49.38 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. This is 46% below median its historical median of 91.12. Over the past decade, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable has ranged from 40.49 to 176.60. According to the industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #243 out of 598 companies in the Steel industry, placing it in the top 40.6%.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable too high?
Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Days Payable of 49.38 is 46% below median its 10-year median of 91.12. Over the past 10 years, this metric has ranged from a low of 40.49 to a high of 176.60. The Steel industry median Days Payable is 41.37. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 49.38 is 19.4% above this industry median. Based on the distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #243 out of 598 companies in the Steel industry, which is above the industry midpoint. Overall, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's Days Payable compare to NUE and STLD?
According to the Steel industry distribution chart, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS ranks #243 out of 598 companies for Days Payable. This puts Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS in the upper half of its industry. The industry median Days Payable is 41.37. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's value of 49.38 is 19.4% above this benchmark. Historically, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's own Days Payable has ranged from 40.49 to 176.60 over the past decade. While the company's 10-year median is 91.12 vs. the industry median of 41.37, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret 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 Steel company?
The median Days Payable among Steel companies is 41.37, based on 598 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. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Days Payable of 49.38 is 19.4% 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS and its competitors. For the Steel industry, the median Days Payable is 41.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's current Days Payable is 49.38, which is 46% below median its own 10-year median of 91.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺696.69, compared to a current price of ₺564.00 — trading 19% below its estimated fair value. The current Days Payable is 49.38, which is 46% below median its 10-year median of 91.12 and 19.4% above the Steel industry median of 41.37. Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS's overall GF Score™ is 67/100 with 4 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN), the current Days Payable is 49.38 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 Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS (IST:BRSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺564.00 is trading 19% below its estimated GF Value™ of ₺696.69. GuruFocus considers Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:BRSAN:

  • Days Payable: 49.38 (46% below median its 10-year median of 91.12)
  • GF Value™: ₺696.69 vs. price of ₺564.00 (19% below fair value)
  • GF Score™: 67/100 with 4 warning signs
  • Industry Position: 19.4% above the Steel median (#243 of 598)

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


Borusan Birlesik Boru Fabrikalarinayi Ve Ticaret AS Business Description

Address Meclisi Mebusan Caddesi No. 35 – 37, Salipazari, Istanbul, TUR, 34427
Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS Formerly Borusan Mannesmann Boru Sanayi ve Ticaret AS is a steel tube and pipes manufacturer. The company's product portfolio includes gas pipes, water pipes, general purpose pipes, OCTG pipes, line pipe, precision tubes, heavy wall welded tubes, first fire protection systems, and easy flow fire protection sprinkler pipes. It provides products for various projects such as The NK1 Oil Pipeline, The Sahdeniz, The Blue Stream, Hungary Gas Pipeline, and TANAP projects. It exports products to various countries in Americas, Europe, Africa and Asia.
67GF Score

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

₺564.00
Price
₺696.69
GF Value