Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) Days Payable : 68.66 (As of Dec. 2023)

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What is Hateks Hatay Tekstil Isletmeleri AS Days Payable?

Hateks Hatay Tekstil Isletmeleri AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺186.4 Mil. Hateks Hatay Tekstil Isletmeleri AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺247.8 Mil. Hence, Hateks Hatay Tekstil Isletmeleri AS's Days Payable for the three months ended in Dec. 2023 was 68.66.

The historical rank and industry rank for Hateks Hatay Tekstil Isletmeleri AS's Days Payable or its related term are showing as below:

IST:HATEK' s Days Payable Range Over the Past 10 Years
Min: 39.73 Med: 81.98 Max: 50252.05
Current: 90.41

During the past 13 years, Hateks Hatay Tekstil Isletmeleri AS's highest Days Payable was 50252.05. The lowest was 39.73. And the median was 81.98.

IST:HATEK's Days Payable is ranked better than
73.5% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.16 vs IST:HATEK: 90.41

Hateks Hatay Tekstil Isletmeleri AS's Days Payable increased from Dec. 2022 (12.82) to Dec. 2023 (68.66). It may suggest that Hateks Hatay Tekstil Isletmeleri AS delayed paying its suppliers.

Hateks Hatay Tekstil Isletmeleri AS Days Payable Historical Data

The historical data trend for Hateks Hatay Tekstil Isletmeleri 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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Hateks Hatay Tekstil Isletmeleri AS Days Payable Chart

Hateks Hatay Tekstil Isletmeleri AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.81

85.15

101.98

39.73

75.55

Hateks Hatay Tekstil Isletmeleri 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															12.82	74.87	122.99	140.17	68.66

Competitive Comparison of Hateks Hatay Tekstil Isletmeleri AS's Days Payable

For the Textile Manufacturing subindustry, Hateks Hatay Tekstil Isletmeleri 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.

Hateks Hatay Tekstil Isletmeleri AS's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hateks Hatay Tekstil Isletmeleri AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Hateks Hatay Tekstil Isletmeleri AS's Days Payable falls into.

Hateks Hatay Tekstil Isletmeleri 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.

Hateks Hatay Tekstil Isletmeleri 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
=	( (107.4	+	140.983)	/	2 )	/	599.97	*	365
=	124.1915					/	599.97	*	365
=	75.55

Hateks Hatay Tekstil Isletmeleri 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
=	( (231.884	+	140.983)	/	2 )	/	247.787	*	365 / 4
=	186.4335					/	247.787	*	365 / 4
=	68.66

Hateks Hatay Tekstil Isletmeleri AS Days Payable Related Terms

Thank you for viewing the detailed overview of Hateks Hatay Tekstil Isletmeleri AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hateks Hatay Tekstil Isletmeleri AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hateks Hatay Tekstil Isletmeleri AS (IST:HATEK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Otencay Mahallesi E-5 Karayolu Caddesi, Dis Kapi No. 59, Hatay, TUR

Website

http://www.hateks.com.tr

Hateks Hatay Tekstil Isletmeleri AS is a major manufacturing company engaged in the export of textile products produced in its fully integrated factory. The company offers towels, bathrobes, and bathmats, as well as special terry products. In addition, it offers cotton, dyed, and melange yarns; cotton gazed mercerized raw and dyed yarns.

Hateks Hatay Tekstil Isletmeleri AS Headlines

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