Ege Endustri ve Ticaret AS (IST:EGEEN) Days Payable: 37.00 (As of Dec. 2023)


IST:EGEEN Ege Endustri ve Ticaret AS IST:EGEEN
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What is Ege Endustri ve Ticaret AS Days Payable?

Ege Endustri ve Ticaret AS IST:EGEEN -2.10% 5 Days Payable is 37.00 as of Dec. 2023. GuruFocus rates IST:EGEEN with a GF Score™ of 5/100.

Ege Endustri ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺518 Mil. Ege Endustri ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,279 Mil. Hence, Ege Endustri ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 37.00.

The historical rank and industry rank for Ege Endustri ve Ticaret AS's Days Payable or its related term are showing as below:

IST:EGEEN's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.035
* Ranked among companies with meaningful Days Payable only.

Ege Endustri ve Ticaret AS's Days Payable increased from Dec. 2022 (12.86) to Dec. 2023 (37.00). It may suggest that Ege Endustri ve Ticaret AS delayed paying its suppliers.

Ege Endustri ve Ticaret AS Days Payable Historical Data

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The historical data trend for Ege Endustri 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.

Ege Endustri ve Ticaret AS Days Payable Chart

Ege Endustri ve Ticaret AS Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.76 54.22 49.59 27.21 60.42

Ege Endustri ve Ticaret AS Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 12.86 64.53 79.33 82.44 37.00

IST:EGEEN vs GPC, MBLY, APTV: Days Payable Comparison

For the Auto Parts subindustry, Ege Endustri 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.

Ege Endustri ve Ticaret AS Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ege Endustri ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ege Endustri ve Ticaret AS's Days Payable falls into.


IST:EGEEN
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Ege Endustri ve Ticaret AS IST:EGEEN
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Ege Endustri 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.

Ege Endustri 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
=( (325.038 + 573.049) / 2 ) / 2712.511*365
=449.0435 / 2712.511*365
=60.42

Ege Endustri ve Ticaret AS'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
=( (463.94 + 573.049) / 2 ) / 1278.74*365 / 4
=518.4945 / 1278.74*365 / 4
=37.00

* 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 37.00 mean?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a Days Payable of 37.00 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ege Endustri ve Ticaret AS and its competitors.
Is Ege Endustri ve Ticaret AS's Days Payable too high?
Ege Endustri ve Ticaret AS's current Days Payable is 37.00. The Vehicles & Parts industry median Days Payable is 67.04. Ege Endustri ve Ticaret AS's value of 37.00 is 44.8% below this industry median. Overall, Ege Endustri ve Ticaret AS has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Ege Endustri ve Ticaret AS's Days Payable compare to GPC and MBLY?
Ege Endustri ve Ticaret AS's Days Payable of 37.00 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.04. Ege Endustri ve Ticaret AS's value of 37.00 is 44.8% below this benchmark. 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.04, based on 1,308 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. Ege Endustri ve Ticaret AS's current Days Payable of 37.00 is 44.8% below 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 Ege Endustri ve Ticaret AS and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ege Endustri ve Ticaret AS's current Days Payable is 37.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ege Endustri ve Ticaret AS stock overvalued right now?
Ege Endustri ve Ticaret AS (IST:EGEEN) has a current Days Payable of 37.00. The current Days Payable is 37.00 and 44.8% below the Vehicles & Parts industry median of 67.04. Ege Endustri ve Ticaret AS's overall GF Score™ is 5/100. 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 Ege Endustri ve Ticaret AS (IST:EGEEN), the current Days Payable is 37.00 as of Dec. 2023. 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.

Ege Endustri ve Ticaret AS Business Description

Address Kemalpaya Street No: 280, Pinarbasi, Izmir, TUR, 35060
Ege Endustri ve Ticaret AS is a Turkey-based axle manufacturer for the automotive industry. The products of the company consist of Fabricated Axle Housing, Rear Axles, Tag Axles, Trailer Axles, Self-Steering Tag Axle and Independent Front Suspension System among others.
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