Desa Deri venayi Ticaret AS (IST:DESA) Days Payable: 149.46 (As of Mar. 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:DESA Desa Deri ve Sanayi Ticaret AS IST:DESA
71 GF Score
Price ₺9.24
GF Value ₺11.93
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Desa Deri venayi Ticaret AS Days Payable?

Desa Deri venayi Ticaret AS IST:DESA -4.25% 71 Days Payable is 149.46 as of Mar. 2026, which is 13% below its 10-year median of 171.13. GuruFocus rates IST:DESA with a GF Score™ of 71/100 and a GF Value™ of ₺11.93 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Desa Deri venayi Ticaret AS ranks better than 86.57% on this metric.

Desa Deri venayi Ticaret AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺672 Mil. Desa Deri venayi Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺410 Mil. Hence, Desa Deri venayi Ticaret AS's Days Payable for the three months ended in Mar. 2026 was 149.46.

The historical rank and industry rank for Desa Deri venayi Ticaret AS's Days Payable or its related term are showing as below:

IST:DESA' s Days Payable Range Over the Past 10 Years
Min: 86.08   Med: 171.13   Max: 301.82
Current: 151.12

During the past 13 years, Desa Deri venayi Ticaret AS's highest Days Payable was 301.82. The lowest was 86.08. And the median was 171.13.

IST:DESA's Days Payable is ranked better than
86.57% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.435 vs IST:DESA: 151.12

Desa Deri venayi Ticaret AS's Days Payable increased from Mar. 2025 (136.98) to Mar. 2026 (149.46). It may suggest that Desa Deri venayi Ticaret AS delayed paying its suppliers.


Desa Deri venayi Ticaret AS Days Payable Historical Data

* Premium members only.

The historical data trend for Desa Deri venayi 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.

Desa Deri venayi Ticaret AS Days Payable Chart

Desa Deri venayi Ticaret AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.58 86.08 118.28 155.16 176.75

Desa Deri venayi Ticaret AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 136.98 117.76 180.66 179.23 149.46

IST:DESA vs NKE, DECK, ONON: Days Payable Comparison

For the Footwear & Accessories subindustry, Desa Deri venayi 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.


Desa Deri venayi Ticaret AS Days Payable vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Desa Deri venayi Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Desa Deri venayi Ticaret AS's Days Payable falls into.


IST:DESA
71GF Score
Desa Deri ve Sanayi Ticaret AS IST:DESA
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Desa Deri venayi 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.

Desa Deri venayi Ticaret 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
=( (812.374 + 719.427) / 2 ) / 1581.66*365
=765.9005 / 1581.66*365
=176.75

Desa Deri venayi Ticaret 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
=( (719.427 + 623.613) / 2 ) / 409.977*365 / 4
=671.52 / 409.977*365 / 4
=149.46

* 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 149.46 mean?
Desa Deri venayi Ticaret AS (IST:DESA) has a Days Payable of 149.46 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 Desa Deri venayi Ticaret AS and its competitors. This is 13% below median its historical median of 171.13. Over the past decade, Desa Deri venayi Ticaret AS's Days Payable has ranged from 86.08 to 301.82. According to the industry distribution chart, Desa Deri venayi Ticaret AS ranks #137 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 13.4%.
Is Desa Deri venayi Ticaret AS's Days Payable too high?
Desa Deri venayi Ticaret AS's current Days Payable of 149.46 is 13% below median its 10-year median of 171.13. Over the past 10 years, this metric has ranged from a low of 86.08 to a high of 301.82. The Manufacturing - Apparel & Accessories industry median Days Payable is 54.44. Desa Deri venayi Ticaret AS's value of 149.46 is 174.6% above this industry median. Based on the distribution chart, Desa Deri venayi Ticaret AS ranks #137 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Desa Deri venayi Ticaret AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Desa Deri venayi Ticaret AS's Days Payable compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Desa Deri venayi Ticaret AS ranks #137 out of 1020 companies for Days Payable. This places Desa Deri venayi Ticaret AS in the top 13% of its industry — outperforming the majority of peers. The industry median Days Payable is 54.44. Desa Deri venayi Ticaret AS's value of 149.46 is 174.6% above this benchmark. Historically, Desa Deri venayi Ticaret AS's own Days Payable has ranged from 86.08 to 301.82 over the past decade. While the company's 10-year median is 171.13 vs. the industry median of 54.44, Desa Deri venayi Ticaret AS has consistently been above 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 54.44, based on 1,020 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. Desa Deri venayi Ticaret AS's current Days Payable of 149.46 is 174.6% above 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 Desa Deri venayi Ticaret AS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 54.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Desa Deri venayi Ticaret AS's current Days Payable is 149.46, which is 13% below median its own 10-year median of 171.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Desa Deri venayi Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS (IST:DESA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺11.93, compared to a current price of ₺9.24 — trading 22.5% below its estimated fair value. The current Days Payable is 149.46, which is 13% below median its 10-year median of 171.13 and 174.6% above the Manufacturing - Apparel & Accessories industry median of 54.44. Desa Deri venayi Ticaret AS's overall GF Score™ is 71/100 with 2 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 Desa Deri venayi Ticaret AS (IST:DESA), the current Days Payable is 149.46 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.

Is Desa Deri venayi Ticaret AS (IST:DESA) Overvalued in 2026?

Based on GuruFocus' analysis, Desa Deri venayi Ticaret AS stock appears to be undervalued. The current stock price of ₺9.24 is trading 22.5% below its estimated GF Value™ of ₺11.93. GuruFocus considers Desa Deri venayi Ticaret AS to be Modestly Undervalued.

Key valuation signals for IST:DESA:

  • Days Payable: 149.46 (13% below median its 10-year median of 171.13)
  • GF Value™: ₺11.93 vs. price of ₺9.24 (22.5% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 174.6% above the Manufacturing - Apparel & Accessories median (#137 of 1020)

No single metric tells the full story. See the IST:DESA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Desa Deri venayi Ticaret AS Business Description

Address Halkali Cad. Number 208, Sefakoy, Istanbul, TUR, 34295
Desa Deri ve Sanayi Ticaret AS designs, manufactures, markets, and sells leather apparel and accessories for men and women. The company's products include leather jackets, wallets, iPad case, and handbags, among others.
71GF Score

Get the complete analysis for IST:DESA

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺9.24
Price
₺11.93
GF Value