Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) Days Payable: 143.22 (As of Mar. 2026) — 69% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:BVSAN Bulbuloglu Vinc Sanayi ve Ticaret AS IST:BVSAN
87 GF Score
Price ₺123.20
GF Value ₺111.15
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Bulbuloglu Vincnayi ve Ticaret AS Days Payable?

Bulbuloglu Vincnayi ve Ticaret AS IST:BVSAN +0.16% 87 Days Payable is 143.22 as of Mar. 2026, which is 69% above its 10-year median of 84.98. GuruFocus rates IST:BVSAN with a GF Score™ of 87/100 and a GF Value™ of ₺111.15 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 209 Farm & Heavy Construction Machinery companies, Bulbuloglu Vincnayi ve Ticaret AS ranks better than 53.11% on this metric.

Bulbuloglu Vincnayi ve Ticaret AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺537 Mil. Bulbuloglu Vincnayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺342 Mil. Hence, Bulbuloglu Vincnayi ve Ticaret AS's Days Payable for the three months ended in Mar. 2026 was 143.22.

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

IST:BVSAN' s Days Payable Range Over the Past 10 Years
Min: 66.51   Med: 84.98   Max: 91.91
Current: 73.57

During the past 7 years, Bulbuloglu Vincnayi ve Ticaret AS's highest Days Payable was 91.91. The lowest was 66.51. And the median was 84.98.

IST:BVSAN's Days Payable is ranked better than
53.11% of 209 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 68.13 vs IST:BVSAN: 73.57

Bulbuloglu Vincnayi ve Ticaret AS's Days Payable declined from Mar. 2025 (194.71) to Mar. 2026 (143.22). It may suggest that Bulbuloglu Vincnayi ve Ticaret AS accelerated paying its suppliers.


Bulbuloglu Vincnayi ve Ticaret AS Days Payable Related Terms


Bulbuloglu Vincnayi ve Ticaret AS Days Payable Historical Data

* Premium members only.

The historical data trend for Bulbuloglu Vincnayi 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.

Bulbuloglu Vincnayi ve Ticaret AS Days Payable Chart

Bulbuloglu Vincnayi ve Ticaret AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 91.27 72.08 84.98 66.51 73.76

Bulbuloglu Vincnayi ve Ticaret AS Quarterly Data
Dec19 Dec20 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 194.71 106.57 84.38 36.56 143.22

IST:BVSAN vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Bulbuloglu Vincnayi 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.


Bulbuloglu Vincnayi ve Ticaret AS Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Bulbuloglu Vincnayi ve Ticaret AS's Days Payable distribution charts can be found below:

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


IST:BVSAN
87GF Score
Bulbuloglu Vinc Sanayi ve Ticaret AS IST:BVSAN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulbuloglu Vincnayi 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.

Bulbuloglu Vincnayi 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
=( (427.809 + 504.014) / 2 ) / 2305.464*365
=465.9115 / 2305.464*365
=73.76

Bulbuloglu Vincnayi 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
=( (504.014 + 569.713) / 2 ) / 342.042*365 / 4
=536.8635 / 342.042*365 / 4
=143.22

* 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 143.22 mean?
Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) has a Days Payable of 143.22 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 Bulbuloglu Vincnayi ve Ticaret AS and its competitors. This is 69% above median its historical median of 84.98. Over the past decade, Bulbuloglu Vincnayi ve Ticaret AS's Days Payable has ranged from 66.51 to 91.91. According to the industry distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #98 out of 209 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 46.9%.
Is Bulbuloglu Vincnayi ve Ticaret AS's Days Payable too high?
Bulbuloglu Vincnayi ve Ticaret AS's current Days Payable of 143.22 is 69% above median its 10-year median of 84.98. Over the past 10 years, this metric has ranged from a low of 66.51 to a high of 91.91. The Farm & Heavy Construction Machinery industry median Days Payable is 68.13. Bulbuloglu Vincnayi ve Ticaret AS's value of 143.22 is 110.2% above this industry median. Based on the distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #98 out of 209 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Bulbuloglu Vincnayi ve Ticaret AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bulbuloglu Vincnayi ve Ticaret AS's Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bulbuloglu Vincnayi ve Ticaret AS ranks #98 out of 209 companies for Days Payable. This puts Bulbuloglu Vincnayi ve Ticaret AS in the upper half of its industry. The industry median Days Payable is 68.13. Bulbuloglu Vincnayi ve Ticaret AS's value of 143.22 is 110.2% above this benchmark. Historically, Bulbuloglu Vincnayi ve Ticaret AS's own Days Payable has ranged from 66.51 to 91.91 over the past decade. While the company's 10-year median is 84.98 vs. the industry median of 68.13, Bulbuloglu Vincnayi 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 68.13, based on 209 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. Bulbuloglu Vincnayi ve Ticaret AS's current Days Payable of 143.22 is 110.2% 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 Bulbuloglu Vincnayi ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 68.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulbuloglu Vincnayi ve Ticaret AS's current Days Payable is 143.22, which is 69% above median its own 10-year median of 84.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulbuloglu Vincnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺111.15, compared to a current price of ₺123.20 — trading 10.8% above its estimated fair value. The current Days Payable is 143.22, which is 69% above median its 10-year median of 84.98 and 110.2% above the Farm & Heavy Construction Machinery industry median of 68.13. Bulbuloglu Vincnayi ve Ticaret AS's overall GF Score™ is 87/100 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 Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN), the current Days Payable is 143.22 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 Bulbuloglu Vincnayi ve Ticaret AS (IST:BVSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Bulbuloglu Vincnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺123.20 is trading 10.8% above its estimated GF Value™ of ₺111.15. GuruFocus considers Bulbuloglu Vincnayi ve Ticaret AS to be Modestly Overvalued.

Key valuation signals for IST:BVSAN:

  • Days Payable: 143.22 (69% above median its 10-year median of 84.98)
  • GF Value™: ₺111.15 vs. price of ₺123.20 (10.8% above fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 110.2% above the Farm & Heavy Construction Machinery median (#98 of 209)

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


Bulbuloglu Vincnayi ve Ticaret AS Business Description

Address Oguz Cad. No:21, Organized Industrial Zone, Sincan, Ankara, TUR, 06935
Bulbuloglu Vinc Sanayi ve Ticaret AS is engaged in the manufacturing of heavy machinery and equipment. Its offerings include Travelling Cranes, Gantry Cranes, Process Cranes, Lifting Groups, Jib Cranes, Port Cranes, Ex-Proof Cranes, Special Manufacturing, and Crane Equipment.
87GF Score

Get the complete analysis for IST:BVSAN

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

₺123.20
Price
₺111.15
GF Value