GSD Holding AS (IST:GSDHO) Days Payable : 7.95 (As of Dec. 2023)

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What is GSD Holding AS Days Payable?

GSD Holding AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺39 Mil. GSD Holding AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺452 Mil. Hence, GSD Holding AS's Days Payable for the three months ended in Dec. 2023 was 7.95.

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

IST:GSDHO' s Days Payable Range Over the Past 10 Years
Min: 1.37 Med: 4.97 Max: 16.68
Current: 16.68

During the past 13 years, GSD Holding AS's highest Days Payable was 16.68. The lowest was 1.37. And the median was 4.97.

IST:GSDHO's Days Payable is ranked worse than
82.35% of 935 companies
in the Transportation industry
Industry Median: 38.97 vs IST:GSDHO: 16.68

GSD Holding AS's Days Payable increased from Dec. 2022 (5.55) to Dec. 2023 (7.95). It may suggest that GSD Holding AS delayed paying its suppliers.

GSD Holding AS Days Payable Historical Data

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

GSD Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.11

3.64

6.59

11.91

16.33

GSD Holding 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															5.55	25.14	23.69	26.68	7.95

Competitive Comparison of GSD Holding AS's Days Payable

For the Marine Shipping subindustry, GSD 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.

GSD Holding AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, GSD Holding AS's Days Payable distribution charts can be found below:

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

GSD 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.

GSD Holding 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
=	( (46.044	+	36.424)	/	2 )	/	921.869	*	365
=	41.234					/	921.869	*	365
=	16.33

GSD Holding 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
=	( (42.432	+	36.424)	/	2 )	/	452.335	*	365 / 4
=	39.428					/	452.335	*	365 / 4
=	7.95

GSD Holding AS Days Payable Related Terms

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GSD Holding AS (IST:GSDHO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » GSD Holding AS (IST:GSDHO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aydinevler Mahallesi, Captan Rifat Sokak Number 3, Kucukyali, Maltepe, Istanbul, TUR, 34854

Website

http://www.gsdholding.com.tr

GSD Holding AS operates in finance, marine, and energy sectors through its subsidiaries in Turkey. Its primary functions are to establish, execute, and evaluate the medium-term goals and targets for its subsidiaries and affiliated companies, and to coordinate their activities.

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