CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) Days Payable : 41.57 (As of Dec. 2023)

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What is CVK Maden Isletmelerinayi ve Ticaret Days Payable?

CVK Maden Isletmelerinayi ve Ticaret's average Accounts Payable for the three months ended in Dec. 2023 was ₺251 Mil. CVK Maden Isletmelerinayi ve Ticaret's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺550 Mil. Hence, CVK Maden Isletmelerinayi ve Ticaret's Days Payable for the three months ended in Dec. 2023 was 41.57.

The historical rank and industry rank for CVK Maden Isletmelerinayi ve Ticaret's Days Payable or its related term are showing as below:

IST:CVKMD' s Days Payable Range Over the Past 10 Years
Min: 26.08 Med: 48.62 Max: 96.29
Current: 67.01

During the past 4 years, CVK Maden Isletmelerinayi ve Ticaret's highest Days Payable was 96.29. The lowest was 26.08. And the median was 48.62.

IST:CVKMD's Days Payable is ranked worse than
65.54% of 1065 companies
in the Metals & Mining industry
Industry Median: 136.2 vs IST:CVKMD: 67.01

CVK Maden Isletmelerinayi ve Ticaret's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (41.57). It may suggest that CVK Maden Isletmelerinayi ve Ticaret delayed paying its suppliers.

CVK Maden Isletmelerinayi ve Ticaret Days Payable Historical Data

The historical data trend for CVK Maden Isletmelerinayi ve Ticaret'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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CVK Maden Isletmelerinayi ve Ticaret Days Payable Chart

CVK Maden Isletmelerinayi ve Ticaret Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

53.87

43.37

26.08

96.29

CVK Maden Isletmelerinayi ve Ticaret Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	17.09	61.52	27.50	41.57

Competitive Comparison of CVK Maden Isletmelerinayi ve Ticaret's Days Payable

For the Other Industrial Metals & Mining subindustry, CVK Maden Isletmelerinayi ve Ticaret'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.

CVK Maden Isletmelerinayi ve Ticaret's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CVK Maden Isletmelerinayi ve Ticaret's Days Payable distribution charts can be found below:

* The bar in red indicates where CVK Maden Isletmelerinayi ve Ticaret's Days Payable falls into.

CVK Maden Isletmelerinayi ve Ticaret 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.

CVK Maden Isletmelerinayi ve Ticaret'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
=	( (96.683	+	422.281)	/	2 )	/	983.62	*	365
=	259.482					/	983.62	*	365
=	96.29

CVK Maden Isletmelerinayi ve Ticaret's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (79.193	+	422.281)	/	2 )	/	550.369	*	365 / 4
=	250.737					/	550.369	*	365 / 4
=	41.57

CVK Maden Isletmelerinayi ve Ticaret Days Payable Related Terms

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CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CVK Maden Isletmeleri Sanayi ve Ticaret (IST:CVKMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Muallim Naci Caddesi No: 105/B Besiktas, Kurucesme Mahallesi, Istanbul, TUR, 34353

Website

https://www.cvkmadencilik.com

CVK Maden Isletmeleri Sanayi ve Ticaret engages in manufacturing and fully exporting concentrated and lumpy chromite ore, concentrated lead-zinc, copper and silver ore products, and marble and travertine natural stone products. Its products comprise Lead Concentrate, Chrome Concentrate, Zinc Concentrate, and Gold.

CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) Headlines

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