Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) Days Payable : 41.92 (As of Mar. 2024)

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What is Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Days Payable?

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺61 Mil. Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺132 Mil. Hence, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable for the three months ended in Mar. 2024 was 41.92.

The historical rank and industry rank for Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable or its related term are showing as below:

IST:GIPTA' s Days Payable Range Over the Past 10 Years
Min: 18.17 Med: 22.69 Max: 37.66
Current: 30.53

During the past 4 years, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's highest Days Payable was 37.66. The lowest was 18.17. And the median was 22.69.

IST:GIPTA's Days Payable is ranked worse than
74.93% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 54.48 vs IST:GIPTA: 30.53

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable increased from Dec. 2022 (11.68) to Mar. 2024 (41.92). It may suggest that Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS delayed paying its suppliers.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Days Payable Historical Data

The historical data trend for Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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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Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Days Payable Chart

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

18.17

37.66

18.24

27.14

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				11.68	67.81	22.37	19.76	41.92

Competitive Comparison of Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable

For the Specialty Retail subindustry, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable falls into.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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.

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi 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
=	( (84.076	+	62.799)	/	2 )	/	987.689	*	365
=	73.4375					/	987.689	*	365
=	27.14

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (62.799	+	58.677)	/	2 )	/	132.209	*	365 / 4
=	60.738					/	132.209	*	365 / 4
=	41.92

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS Days Payable Related Terms

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Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalatnayi AS (IST:GIPTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalat Sanayi AS (IST:GIPTA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zubeyde Hanim Mah., Kazim Karabekir Cad. No:7/82, Altindag district, Ankara, TUR

Website

https://www.gipta.com.tr

Gipta Ofis Kirtasiye ve Promosyon Urunleri Imalat Sanayi AS is a company that sells stationery products. They offer a wide range of products in the fields of notebooks, school stationery, office products and promotions.

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