Cemtas Celik Makinanayi Ve Ticaret AS (IST:CEMTS) Days Payable : 13.83 (As of Dec. 2024)

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What is Cemtas Celik Makinanayi Ve Ticaret AS Days Payable?

Cemtas Celik Makinanayi Ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2024 was ₺203 Mil. Cemtas Celik Makinanayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺1,341 Mil. Hence, Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable for the three months ended in Dec. 2024 was 13.83.

The historical rank and industry rank for Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable or its related term are showing as below:

IST:CEMTS' s Days Payable Range Over the Past 10 Years
Min: 9.04 Med: 22.01 Max: 29.02
Current: 16.24

During the past 13 years, Cemtas Celik Makinanayi Ve Ticaret AS's highest Days Payable was 29.02. The lowest was 9.04. And the median was 22.01.

IST:CEMTS's Days Payable is ranked worse than
83.58% of 603 companies
in the Steel industry
Industry Median: 38.98 vs IST:CEMTS: 16.24

Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable increased from Dec. 2023 (8.81) to Dec. 2024 (13.83). It may suggest that Cemtas Celik Makinanayi Ve Ticaret AS delayed paying its suppliers.

Cemtas Celik Makinanayi Ve Ticaret AS Days Payable Historical Data

The historical data trend for Cemtas Celik Makinanayi 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.

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Cemtas Celik Makinanayi Ve Ticaret AS Days Payable Chart

Cemtas Celik Makinanayi Ve Ticaret AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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22.11

21.91

9.04

11.61

17.10

Cemtas Celik Makinanayi Ve Ticaret AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															8.81	15.85	17.64	15.98	13.83

Competitive Comparison of Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable

For the Steel subindustry, Cemtas Celik Makinanayi 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.

Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable falls into.

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Cemtas Celik Makinanayi 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.

Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (204.409	+	256.025)	/	2 )	/	4914.225	*	365
=	230.217					/	4914.225	*	365
=	17.10

Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (150.32	+	256.025)	/	2 )	/	1340.755	*	365 / 4
=	203.1725					/	1340.755	*	365 / 4
=	13.83

Cemtas Celik Makinanayi Ve Ticaret AS Days Payable Related Terms

Thank you for viewing the detailed overview of Cemtas Celik Makinanayi Ve Ticaret AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cemtas Celik Makinanayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cemtas Celik Makina Sanayi Ve Ticaret AS (IST:CEMTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Organize Sanayi Bolgesi AOS Bulvari 3, Nilufer, Bursa, TUR, 16159

Website

http://www.cemtas.com.tr

Cemtas Celik Makina Sanayi Ve Ticaret AS is a Turkey-based company involved in providing steel and related products. It serves the automotive and machinery industries in the field of quality steel and provides service to vehicle manufacturers as a producer of stabilizer bars.

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