Cem Zeytin AS (IST:CEMZY) Days Payable: 18.63 (As of Mar. 2026) — 50% Below Median


IST:CEMZY Cem Zeytin AS IST:CEMZY
23 GF Score
Price ₺12.66
! 4 Warning Signs
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What is Cem Zeytin AS Days Payable?

Cem Zeytin AS IST:CEMZY +2.26% 23 Days Payable is 18.63 as of Mar. 2026, which is 50% below its 10-year median of 37.11. GuruFocus rates IST:CEMZY with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 1,880 Consumer Packaged Goods companies, Cem Zeytin AS ranks worse than 85.11% on this metric.

Cem Zeytin AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺131 Mil. Cem Zeytin AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺639 Mil. Hence, Cem Zeytin AS's Days Payable for the three months ended in Mar. 2026 was 18.63.

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

IST:CEMZY' s Days Payable Range Over the Past 10 Years
Min: 19.49   Med: 37.11   Max: 56.64
Current: 19.49

During the past 5 years, Cem Zeytin AS's highest Days Payable was 56.64. The lowest was 19.49. And the median was 37.11.

IST:CEMZY's Days Payable is ranked worse than
85.11% of 1880 companies
in the Consumer Packaged Goods industry
Industry Median: 44.05 vs IST:CEMZY: 19.49

Cem Zeytin AS's Days Payable declined from Mar. 2025 (26.11) to Mar. 2026 (18.63). It may suggest that Cem Zeytin AS accelerated paying its suppliers.


Cem Zeytin AS Days Payable Historical Data

* Premium members only.

The historical data trend for Cem Zeytin 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.

Cem Zeytin AS Days Payable Chart

Cem Zeytin AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
37.11 36.35 56.64 39.65 31.64

Cem Zeytin AS Quarterly Data
Dec21 Dec22 Mar23 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 26.11 23.91 17.30 16.28 18.63

IST:CEMZY vs ADM, BG, TSN: Days Payable Comparison

For the Farm Products subindustry, Cem Zeytin 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.


Cem Zeytin AS Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Cem Zeytin AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cem Zeytin AS's Days Payable falls into.


IST:CEMZY
23GF Score
Cem Zeytin AS IST:CEMZY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Cem Zeytin 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.

Cem Zeytin 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
=( (234.761 + 138.037) / 2 ) / 2150.539*365
=186.399 / 2150.539*365
=31.64

Cem Zeytin 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
=( (138.037 + 122.973) / 2 ) / 639.344*365 / 4
=130.505 / 639.344*365 / 4
=18.63

* 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 18.63 mean?
Cem Zeytin AS (IST:CEMZY) has a Days Payable of 18.63 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 Cem Zeytin AS and its competitors. This is 50% below median its historical median of 37.11. Over the past decade, Cem Zeytin AS's Days Payable has ranged from 19.49 to 56.64. According to the industry distribution chart, Cem Zeytin AS ranks #1600 out of 1880 companies in the Consumer Packaged Goods industry, placing it in the top 85.1%.
Is Cem Zeytin AS's Days Payable too high?
Cem Zeytin AS's current Days Payable of 18.63 is 50% below median its 10-year median of 37.11. Over the past 10 years, this metric has ranged from a low of 19.49 to a high of 56.64. The Consumer Packaged Goods industry median Days Payable is 44.05. Cem Zeytin AS's value of 18.63 is 57.7% below this industry median. Based on the distribution chart, Cem Zeytin AS ranks #1600 out of 1880 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Cem Zeytin AS has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Cem Zeytin AS's Days Payable compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Cem Zeytin AS ranks #1600 out of 1880 companies for Days Payable. This places Cem Zeytin AS in the lower half of its industry. The industry median Days Payable is 44.05. Cem Zeytin AS's value of 18.63 is 57.7% below this benchmark. Historically, Cem Zeytin AS's own Days Payable has ranged from 19.49 to 56.64 over the past decade. While the company's 10-year median is 37.11 vs. the industry median of 44.05, Cem Zeytin 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 Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.05, based on 1,880 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. Cem Zeytin AS's current Days Payable of 18.63 is 57.7% 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 Cem Zeytin AS and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cem Zeytin AS's current Days Payable is 18.63, which is 50% below median its own 10-year median of 37.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cem Zeytin AS stock overvalued right now?
Cem Zeytin AS (IST:CEMZY) has a current Days Payable of 18.63. The current Days Payable is 18.63, which is 50% below median its 10-year median of 37.11 and 57.7% below the Consumer Packaged Goods industry median of 44.05. Cem Zeytin AS's overall GF Score™ is 23/100 with 4 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 Cem Zeytin AS (IST:CEMZY), the current Days Payable is 18.63 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.

Cem Zeytin AS Business Description

Address Edremit-Balikesir Asphalt, 4.km Havran, Balikesir, TUR
Cem Zeytin AS is engaged in production of pickled black and green olives, olive storage, processing and packaging.
23GF Score

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