Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Days Payable : 76.55 (As of Sep. 2024)

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What is Cimsa Cimentonayi Ve Ticaret AS Days Payable?

Cimsa Cimentonayi Ve Ticaret AS's average Accounts Payable for the three months ended in Sep. 2024 was ₺3,486 Mil. Cimsa Cimentonayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺4,155 Mil. Hence, Cimsa Cimentonayi Ve Ticaret AS's Days Payable for the three months ended in Sep. 2024 was 76.55.

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

IST:CIMSA' s Days Payable Range Over the Past 10 Years
Min: 59.55 Med: 86.79 Max: 196.04
Current: 78.98

During the past 13 years, Cimsa Cimentonayi Ve Ticaret AS's highest Days Payable was 196.04. The lowest was 59.55. And the median was 86.79.

IST:CIMSA's Days Payable is ranked better than
55.24% of 382 companies
in the Building Materials industry
Industry Median: 72.48 vs IST:CIMSA: 78.98

Cimsa Cimentonayi Ve Ticaret AS's Days Payable increased from Sep. 2023 (20.70) to Sep. 2024 (76.55). It may suggest that Cimsa Cimentonayi Ve Ticaret AS delayed paying its suppliers.

Cimsa Cimentonayi Ve Ticaret AS Days Payable Historical Data

The historical data trend for Cimsa Cimentonayi 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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Cimsa Cimentonayi Ve Ticaret AS Days Payable Chart

Cimsa Cimentonayi Ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

90.81

104.97

196.04

61.79

74.85

Cimsa Cimentonayi Ve Ticaret AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															20.70	1,423.98	58.01	66.32	76.55

Competitive Comparison of Cimsa Cimentonayi Ve Ticaret AS's Days Payable

For the Building Materials subindustry, Cimsa Cimentonayi 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.

Cimsa Cimentonayi Ve Ticaret AS's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimsa Cimentonayi Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cimsa Cimentonayi Ve Ticaret AS's Days Payable falls into.

Cimsa Cimentonayi 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.

Cimsa Cimentonayi Ve Ticaret 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
=	( (3558.529	+	3198.977)	/	2 )	/	16475.179	*	365
=	3378.753					/	16475.179	*	365
=	74.85

Cimsa Cimentonayi Ve Ticaret AS's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3336.398	+	3634.928)	/	2 )	/	4155.138	*	365 / 4
=	3485.663					/	4155.138	*	365 / 4
=	76.55

Cimsa Cimentonayi Ve Ticaret AS Days Payable Related Terms

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Cimsa Cimentonayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimsa Cimento Sanayi Ve Ticaret AS (IST:CIMSA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kayisdagi Cad. No: 1 Kat: 23-24, Allianz Tower Kucukbakkalkoy Mah., Istanbul, TUR, 34750

Website

https://www.cimsa.com.tr

Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.

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