Deva Holding AS (IST:DEVA) Days Payable : 69.68 (As of Sep. 2023)

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What is Deva Holding AS Days Payable?

Deva Holding AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺757 Mil. Deva Holding AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺991 Mil. Hence, Deva Holding AS's Days Payable for the three months ended in Sep. 2023 was 69.68.

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

IST:DEVA' s Days Payable Range Over the Past 10 Years
Min: 35.71 Med: 49.72 Max: 97.47
Current: 72.86

During the past 13 years, Deva Holding AS's highest Days Payable was 97.47. The lowest was 35.71. And the median was 49.72.

IST:DEVA's Days Payable is ranked worse than
58.14% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs IST:DEVA: 72.86

Deva Holding AS's Days Payable declined from Sep. 2022 (71.27) to Sep. 2023 (69.68). It may suggest that Deva Holding AS accelerated paying its suppliers.

Deva Holding AS Days Payable Historical Data

The historical data trend for Deva Holding 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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Deva Holding AS Days Payable Chart

Deva Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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53.73

60.59

64.18

97.47

91.02

Deva Holding AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															71.27	80.42	72.11	74.23	69.68

Competitive Comparison of Deva Holding AS's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Deva Holding 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.

Deva Holding AS's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Deva Holding AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Deva Holding AS's Days Payable falls into.

Deva Holding 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.

Deva Holding AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (350.632	+	713.707)	/	2 )	/	2134.079	*	365
=	532.1695					/	2134.079	*	365
=	91.02

Deva Holding AS's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (703.927	+	809.806)	/	2 )	/	991.126	*	365 / 4
=	756.8665					/	991.126	*	365 / 4
=	69.68

Deva Holding AS Days Payable Related Terms

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Deva Holding AS (IST:DEVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Deva Holding AS (IST:DEVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Halkal? Merkez Mah, Bas?n Ekspres Caddesi No. 1, Küçükçekmece, Istanbul, TUR

Website

http://www.deva.com.tr

Deva Holding AS is a Turkey-based generic medicine manufacturer. It is engaged in manufacturing and marketing of medicinal products for human use and raw materials. The company also carries out the manufacturing of veterinary drugs, eau de cologne, and medical ampoules. It produces medicines for antineoplastic agents, cardiovascular system, dermatological products, nervous system, respiratory system, urogenital system, among others. It exports pharmaceuticals and pharmaceutical raw materials in countries including Switzerland, Germany, the Netherlands, the United Kingdom and others.

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