Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) Days Payable: 0.04 (As of Mar. 2026) — 43% Below Median


IST:BULGS Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
24 GF Score
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What is Bulls Girisim Sermayesi Yatirim Ortakligi AS Days Payable?

Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS -1.08% 24 Days Payable is 0.04 as of Mar. 2026, which is 43% below its 10-year median of 0.07. GuruFocus rates IST:BULGS with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 541 Capital Markets companies, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks worse than 99.82% on this metric.

Bulls Girisim Sermayesi Yatirim Ortakligi AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺0 Mil. Bulls Girisim Sermayesi Yatirim Ortakligi AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺179 Mil. Hence, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable for the three months ended in Mar. 2026 was 0.04.

The historical rank and industry rank for Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable or its related term are showing as below:

IST:BULGS' s Days Payable Range Over the Past 10 Years
Min: 0.02   Med: 0.07   Max: 0.22
Current: 0.02

During the past 5 years, Bulls Girisim Sermayesi Yatirim Ortakligi AS's highest Days Payable was 0.22. The lowest was 0.02. And the median was 0.07.

IST:BULGS's Days Payable is ranked worse than
99.82% of 541 companies
in the Capital Markets industry
Industry Median: 91.67 vs IST:BULGS: 0.02

Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable declined from Mar. 2025 (0.06) to Mar. 2026 (0.04). It may suggest that Bulls Girisim Sermayesi Yatirim Ortakligi AS accelerated paying its suppliers.


Bulls Girisim Sermayesi Yatirim Ortakligi AS Days Payable Related Terms


Bulls Girisim Sermayesi Yatirim Ortakligi AS Days Payable Historical Data

* Premium members only.

The historical data trend for Bulls Girisim Sermayesi Yatirim Ortakligi 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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS Days Payable Chart

Bulls Girisim Sermayesi Yatirim Ortakligi AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
0.19 0.05 0.22 0.07 0.02

Bulls Girisim Sermayesi Yatirim Ortakligi AS Quarterly Data
Dec21 Dec22 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 0.06 0.00 0.02 0.02 0.04

IST:BULGS vs MS, GS, SCHW: Days Payable Comparison

For the Capital Markets subindustry, Bulls Girisim Sermayesi Yatirim Ortakligi 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.


Bulls Girisim Sermayesi Yatirim Ortakligi AS Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable falls into.


IST:BULGS
24GF Score
Bulls Girisim Sermayesi Yatirim Ortakligi AS IST:BULGS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Bulls Girisim Sermayesi Yatirim Ortakligi 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.

Bulls Girisim Sermayesi Yatirim Ortakligi 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
=( (0.053 + 0.078) / 2 ) / 1379.706*365
=0.0655 / 1379.706*365
=0.02

Bulls Girisim Sermayesi Yatirim Ortakligi 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
=( (0.078 + 0.067) / 2 ) / 179.279*365 / 4
=0.0725 / 179.279*365 / 4
=0.04

* 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 0.04 mean?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a Days Payable of 0.04 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS and its competitors. This is 43% below median its historical median of 0.07. Over the past decade, Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable has ranged from 0.02 to 0.22. According to the industry distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #540 out of 541 companies in the Capital Markets industry, placing it in the top 99.8%.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable too high?
Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Days Payable of 0.04 is 43% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.22. The Capital Markets industry median Days Payable is 91.67. Bulls Girisim Sermayesi Yatirim Ortakligi AS's value of 0.04 is 100% below this industry median. Based on the distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #540 out of 541 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bulls Girisim Sermayesi Yatirim Ortakligi AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Bulls Girisim Sermayesi Yatirim Ortakligi AS's Days Payable compare to MS and GS?
According to the Capital Markets industry distribution chart, Bulls Girisim Sermayesi Yatirim Ortakligi AS ranks #540 out of 541 companies for Days Payable. This places Bulls Girisim Sermayesi Yatirim Ortakligi AS in the lower half of its industry. The industry median Days Payable is 91.67. Bulls Girisim Sermayesi Yatirim Ortakligi AS's value of 0.04 is 100% below this benchmark. Historically, Bulls Girisim Sermayesi Yatirim Ortakligi AS's own Days Payable has ranged from 0.02 to 0.22 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 91.67, Bulls Girisim Sermayesi Yatirim Ortakligi 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 a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.67, based on 541 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. Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Days Payable of 0.04 is 100% 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS and its competitors. For the Capital Markets industry, the median Days Payable is 91.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulls Girisim Sermayesi Yatirim Ortakligi AS's current Days Payable is 0.04, which is 43% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulls Girisim Sermayesi Yatirim Ortakligi AS stock overvalued right now?
Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS) has a current Days Payable of 0.04. The current Days Payable is 0.04, which is 43% below median its 10-year median of 0.07 and 100% below the Capital Markets industry median of 91.67. Bulls Girisim Sermayesi Yatirim Ortakligi AS's overall GF Score™ is 24/100 with 3 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 Bulls Girisim Sermayesi Yatirim Ortakligi AS (IST:BULGS), the current Days Payable is 0.04 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.

Bulls Girisim Sermayesi Yatirim Ortakligi AS Business Description

Address Bambu Street No. 5, Besiktas, Levent District, Istanbul, TUR
Bulls Girisim Sermayesi Yatirim Ortakligi AS provides financial, managerial, and structuring support to growth-stage and medium-sized companies, and ensures that the initiative values will contribute to the Turkish economy with professional capital. The company closely follows opportunities to invest in different sectors with high growth potential, with its corporate knowledge and experience.
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