Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) Days Payable : 62.92 (As of Jun. 2024)

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What is Cimentas Izmir Cimento Fabrikasi Turk AS Days Payable?

Cimentas Izmir Cimento Fabrikasi Turk AS's average Accounts Payable for the three months ended in Jun. 2024 was ₺1,680 Mil. Cimentas Izmir Cimento Fabrikasi Turk AS's Cost of Goods Sold for the three months ended in Jun. 2024 was ₺2,436 Mil. Hence, Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable for the three months ended in Jun. 2024 was 62.92.

The historical rank and industry rank for Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable or its related term are showing as below:

IST:CMENT' s Days Payable Range Over the Past 10 Years
Min: 49.51 Med: 95.39 Max: 110.29
Current: 49.51

During the past 13 years, Cimentas Izmir Cimento Fabrikasi Turk AS's highest Days Payable was 110.29. The lowest was 49.51. And the median was 95.39.

IST:CMENT's Days Payable is ranked worse than
65.16% of 376 companies
in the Building Materials industry
Industry Median: 67.43 vs IST:CMENT: 49.51

Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable increased from Jun. 2023 (33.26) to Jun. 2024 (62.92). It may suggest that Cimentas Izmir Cimento Fabrikasi Turk AS delayed paying its suppliers.

Cimentas Izmir Cimento Fabrikasi Turk AS Days Payable Historical Data

The historical data trend for Cimentas Izmir Cimento Fabrikasi Turk 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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Cimentas Izmir Cimento Fabrikasi Turk AS Days Payable Chart

Cimentas Izmir Cimento Fabrikasi Turk AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.29

93.63

109.65

50.41

71.36

Cimentas Izmir Cimento Fabrikasi Turk AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															33.26	61.62	30.76	67.26	62.92

Competitive Comparison of Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable

For the Building Materials subindustry, Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable falls into.

Cimentas Izmir Cimento Fabrikasi Turk 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.

Cimentas Izmir Cimento Fabrikasi Turk 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
=	( (1706.917	+	1666.656)	/	2 )	/	8627.431	*	365
=	1686.7865					/	8627.431	*	365
=	71.36

Cimentas Izmir Cimento Fabrikasi Turk AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (1713.649	+	1646.184)	/	2 )	/	2436.248	*	365 / 4
=	1679.9165					/	2436.248	*	365 / 4
=	62.92

Cimentas Izmir Cimento Fabrikasi Turk AS Days Payable Related Terms

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Cimentas Izmir Cimento Fabrikasi Turk AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Cimentas Izmir Cimento Fabrikasi Turk AS (IST:CMENT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Egemenlik Mah, Eski Kemalpasa, Caddesi No: 4B, Isikkent Bornova, Izmir, TUR, 35070

Website

https://www.cimentas.com.tr

Cimentas Izmir Cimento Fabrikasi Turk AS is specialized in the production and distribution of grey and white cement, ready-mixed concrete, aggregates and concrete products. It is also active in the management of urban and industrial waste. It's main segments are cement, aggregate, ready-mixed concrete and waste management. It obtains revenue from the sale of ready-mixed concrete and bulk and bagged cement. Cimentas Izmir Cimento Fabrikasi Turk AS is now present in 18 countries across 5 continents.

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