Cemas Dokumnayi AS (IST:CEMAS) Days Payable: 41.23 (As of Dec. 2025) — 39% Below Median


IST:CEMAS Cemas Dokum Sanayi AS IST:CEMAS
31 GF Score
Price ₺4.50
GF Value ₺2.72
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Cemas Dokumnayi AS Days Payable?

Cemas Dokumnayi AS IST:CEMAS -4.05% 31 Days Payable is 41.23 as of Dec. 2025, which is 39% below its 10-year median of 67.26. GuruFocus rates IST:CEMAS with a GF Score™ of 31/100 and a GF Value™ of ₺2.72 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,997 Industrial Products companies, Cemas Dokumnayi AS ranks worse than 73.81% on this metric.

Cemas Dokumnayi AS's average Accounts Payable for the three months ended in Dec. 2025 was ₺273 Mil. Cemas Dokumnayi AS's Cost of Goods Sold for the three months ended in Dec. 2025 was ₺604 Mil. Hence, Cemas Dokumnayi AS's Days Payable for the three months ended in Dec. 2025 was 41.23.

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

IST:CEMAS' s Days Payable Range Over the Past 10 Years
Min: 35.34   Med: 67.26   Max: 149.36
Current: 44.58

During the past 13 years, Cemas Dokumnayi AS's highest Days Payable was 149.36. The lowest was 35.34. And the median was 67.26.

IST:CEMAS's Days Payable is ranked worse than
73.81% of 2997 companies
in the Industrial Products industry
Industry Median: 77.54 vs IST:CEMAS: 44.58

Cemas Dokumnayi AS's Days Payable increased from Dec. 2024 (27.68) to Dec. 2025 (41.23). It may suggest that Cemas Dokumnayi AS delayed paying its suppliers.


Cemas Dokumnayi AS Days Payable Historical Data

* Premium members only.

The historical data trend for Cemas Dokumnayi 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.

Cemas Dokumnayi AS Days Payable Chart

Cemas Dokumnayi 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 65.19 35.34 42.38 41.16 42.69

Cemas Dokumnayi AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 27.68 43.57 52.49 42.75 41.23

IST:CEMAS vs ATI, CRS, MLI: Days Payable Comparison

For the Metal Fabrication subindustry, Cemas Dokumnayi 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.


Cemas Dokumnayi AS Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cemas Dokumnayi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cemas Dokumnayi AS's Days Payable falls into.


IST:CEMAS
31GF Score
Cemas Dokum Sanayi AS IST:CEMAS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Cemas Dokumnayi 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.

Cemas Dokumnayi 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
=( (269.401 + 259.792) / 2 ) / 2262.475*365
=264.5965 / 2262.475*365
=42.69

Cemas Dokumnayi AS's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (286.201 + 259.792) / 2 ) / 604.254*365 / 4
=272.9965 / 604.254*365 / 4
=41.23

* 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 41.23 mean?
Cemas Dokumnayi AS (IST:CEMAS) has a Days Payable of 41.23 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cemas Dokumnayi AS and its competitors. This is 39% below median its historical median of 67.26. Over the past decade, Cemas Dokumnayi AS's Days Payable has ranged from 35.34 to 149.36. According to the industry distribution chart, Cemas Dokumnayi AS ranks #2212 out of 2997 companies in the Industrial Products industry, placing it in the top 73.8%.
Is Cemas Dokumnayi AS's Days Payable too high?
Cemas Dokumnayi AS's current Days Payable of 41.23 is 39% below median its 10-year median of 67.26. Over the past 10 years, this metric has ranged from a low of 35.34 to a high of 149.36. The Industrial Products industry median Days Payable is 77.54. Cemas Dokumnayi AS's value of 41.23 is 46.8% below this industry median. Based on the distribution chart, Cemas Dokumnayi AS ranks #2212 out of 2997 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Cemas Dokumnayi AS has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cemas Dokumnayi AS's Days Payable compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Cemas Dokumnayi AS ranks #2212 out of 2997 companies for Days Payable. This places Cemas Dokumnayi AS in the lower half of its industry. The industry median Days Payable is 77.54. Cemas Dokumnayi AS's value of 41.23 is 46.8% below this benchmark. Historically, Cemas Dokumnayi AS's own Days Payable has ranged from 35.34 to 149.36 over the past decade. While the company's 10-year median is 67.26 vs. the industry median of 77.54, Cemas Dokumnayi 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. Cemas Dokumnayi AS's current Days Payable of 41.23 is 46.8% 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 Cemas Dokumnayi AS and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cemas Dokumnayi AS's current Days Payable is 41.23, which is 39% below median its own 10-year median of 67.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemas Dokumnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Cemas Dokumnayi AS (IST:CEMAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺2.72, compared to a current price of ₺4.50 — trading 65.4% above its estimated fair value. The current Days Payable is 41.23, which is 39% below median its 10-year median of 67.26 and 46.8% below the Industrial Products industry median of 77.54. Cemas Dokumnayi AS's overall GF Score™ is 31/100 with 8 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 Cemas Dokumnayi AS (IST:CEMAS), the current Days Payable is 41.23 as of Dec. 2025. 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 Cemas Dokumnayi AS (IST:CEMAS) Overvalued in 2026?

Based on GuruFocus' analysis, Cemas Dokumnayi AS stock appears to be overvalued. The current stock price of ₺4.50 is trading 65.4% above its estimated GF Value™ of ₺2.72. GuruFocus considers Cemas Dokumnayi AS to be Significantly Overvalued.

Key valuation signals for IST:CEMAS:

  • Days Payable: 41.23 (39% below median its 10-year median of 67.26)
  • GF Value™: ₺2.72 vs. price of ₺4.50 (65.4% above fair value)
  • GF Score™: 31/100 with 8 warning signs
  • Industry Position: 46.8% below the Industrial Products median (#2212 of 2997)

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


Cemas Dokumnayi AS Business Description

Address Ankara Asfalti 12. Km, Kirsehir, TUR, 40100
Cemas Dokum Sanayi AS is a Turkey-based company engages in the production of grey cast iron, nodular cast iron, and high chromium steel casting.
31GF Score

Get the complete analysis for IST:CEMAS

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

₺4.50
Price
₺2.72
GF Value