Cates Elektrik Uretim AS (IST:CATES) Days Payable : 32.32 (As of Mar. 2024)

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What is Cates Elektrik Uretim AS Days Payable?

Cates Elektrik Uretim AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺361 Mil. Cates Elektrik Uretim AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺1,020 Mil. Hence, Cates Elektrik Uretim AS's Days Payable for the three months ended in Mar. 2024 was 32.32.

The historical rank and industry rank for Cates Elektrik Uretim AS's Days Payable or its related term are showing as below:

IST:CATES' s Days Payable Range Over the Past 10 Years
Min: 18.46 Med: 39.17 Max: 60.81
Current: 29.23

During the past 4 years, Cates Elektrik Uretim AS's highest Days Payable was 60.81. The lowest was 18.46. And the median was 39.17.

IST:CATES's Days Payable is ranked worse than
80.51% of 395 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.67 vs IST:CATES: 29.23

Cates Elektrik Uretim AS's Days Payable increased from Mar. 2023 (28.17) to Mar. 2024 (32.32). It may suggest that Cates Elektrik Uretim AS delayed paying its suppliers.

Cates Elektrik Uretim AS Days Payable Historical Data

The historical data trend for Cates Elektrik Uretim 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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Cates Elektrik Uretim AS Days Payable Chart

Cates Elektrik Uretim AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

60.81

43.74

18.46

34.60

Cates Elektrik Uretim AS Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial					28.17	-	11.26	17.82	32.32

Competitive Comparison of Cates Elektrik Uretim AS's Days Payable

For the Utilities - Independent Power Producers subindustry, Cates Elektrik Uretim 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.

Cates Elektrik Uretim AS's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Cates Elektrik Uretim AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cates Elektrik Uretim AS's Days Payable falls into.

Cates Elektrik Uretim 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.

Cates Elektrik Uretim 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
=	( (425.066	+	420.034)	/	2 )	/	4458.03	*	365
=	422.55					/	4458.03	*	365
=	34.60

Cates Elektrik Uretim AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (420.034	+	302.496)	/	2 )	/	1020.075	*	365 / 4
=	361.265					/	1020.075	*	365 / 4
=	32.32

Cates Elektrik Uretim AS Days Payable Related Terms

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Cates Elektrik Uretim AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cates Elektrik Uretim AS (IST:CATES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sahinler Mahallesi, Sahinler Cluster Houses, Yatagan Thermal Power Plant Site No: 259/1, Mugla, TUR

Website

https://www.cates.com.tr

Cates Elektrik Uretim AS is a company whose main activity is to produce electrical energy and sell the produced electrical energy. It also operates the coal-based Power Plant located in the Catalagzi town of Zonguldak.

Cates Elektrik Uretim AS Headlines

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