Ihlas Holding AS (IST:IHLAS) Days Payable: 68.36 (As of Mar. 2026) — 11% Below Median


IST:IHLAS Ihlas Holding AS IST:IHLAS
46 GF Score
Price ₺1.19
GF Value ₺1.91
Valuation Possible Value Trap
! 5 Warning Signs
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What is Ihlas Holding AS Days Payable?

Ihlas Holding AS IST:IHLAS -1.65% 46 Days Payable is 68.36 as of Mar. 2026, which is 11% below its 10-year median of 77.23. GuruFocus rates IST:IHLAS with a GF Score™ of 46/100 and a GF Value™ of ₺1.91 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 507 Conglomerates companies, Ihlas Holding AS ranks worse than 66.27% on this metric.

Ihlas Holding AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺2,988 Mil. Ihlas Holding AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺3,988 Mil. Hence, Ihlas Holding AS's Days Payable for the three months ended in Mar. 2026 was 68.36.

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

IST:IHLAS' s Days Payable Range Over the Past 10 Years
Min: 39.78   Med: 77.23   Max: 185.5
Current: 42.56

During the past 13 years, Ihlas Holding AS's highest Days Payable was 185.50. The lowest was 39.78. And the median was 77.23.

IST:IHLAS's Days Payable is ranked worse than
66.27% of 507 companies
in the Conglomerates industry
Industry Median: 56 vs IST:IHLAS: 42.56

Ihlas Holding AS's Days Payable increased from Mar. 2025 (55.98) to Mar. 2026 (68.36). It may suggest that Ihlas Holding AS delayed paying its suppliers.


Ihlas Holding AS Days Payable Historical Data

* Premium members only.

The historical data trend for Ihlas 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.

Ihlas Holding AS Days Payable Chart

Ihlas Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.80 39.78 53.33 58.78 49.85

Ihlas Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 55.98 65.00 58.70 20.99 68.36

IST:IHLAS vs HON, MMM: Days Payable Comparison

For the Conglomerates subindustry, Ihlas 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.


Ihlas Holding AS Days Payable vs Conglomerates Industry

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

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


IST:IHLAS
46GF Score
Ihlas Holding AS IST:IHLAS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ihlas 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.

Ihlas Holding AS's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1993.336 + 2969.023) / 2 ) / 18168.127*365
=2481.1795 / 18168.127*365
=49.85

Ihlas Holding AS's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (2969.023 + 3007.011) / 2 ) / 3988.314*365 / 4
=2988.017 / 3988.314*365 / 4
=68.36

* 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 68.36 mean?
Ihlas Holding AS (IST:IHLAS) has a Days Payable of 68.36 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ihlas Holding AS and its competitors. This is 11% below median its historical median of 77.23. Over the past decade, Ihlas Holding AS's Days Payable has ranged from 39.78 to 185.50. According to the industry distribution chart, Ihlas Holding AS ranks #336 out of 507 companies in the Conglomerates industry, placing it in the top 66.3%.
Is Ihlas Holding AS's Days Payable too high?
Ihlas Holding AS's current Days Payable of 68.36 is 11% below median its 10-year median of 77.23. Over the past 10 years, this metric has ranged from a low of 39.78 to a high of 185.50. The Conglomerates industry median Days Payable is 56.00. Ihlas Holding AS's value of 68.36 is 22.1% above this industry median. Based on the distribution chart, Ihlas Holding AS ranks #336 out of 507 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Ihlas Holding AS has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ihlas Holding AS's Days Payable compare to HON and MMM?
According to the Conglomerates industry distribution chart, Ihlas Holding AS ranks #336 out of 507 companies for Days Payable. This places Ihlas Holding AS in the lower half of its industry. The industry median Days Payable is 56.00. Ihlas Holding AS's value of 68.36 is 22.1% above this benchmark. Historically, Ihlas Holding AS's own Days Payable has ranged from 39.78 to 185.50 over the past decade. While the company's 10-year median is 77.23 vs. the industry median of 56.00, Ihlas Holding AS has consistently been above the industry average. 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 Conglomerates company?
The median Days Payable among Conglomerates companies is 56.00, based on 507 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. Ihlas Holding AS's current Days Payable of 68.36 is 22.1% above 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 Ihlas Holding AS and its competitors. For the Conglomerates industry, the median Days Payable is 56.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ihlas Holding AS's current Days Payable is 68.36, which is 11% below median its own 10-year median of 77.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ihlas Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Ihlas Holding AS (IST:IHLAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺1.91, compared to a current price of ₺1.19 — trading 37.7% below its estimated fair value. The current Days Payable is 68.36, which is 11% below median its 10-year median of 77.23 and 22.1% above the Conglomerates industry median of 56.00. Ihlas Holding AS's overall GF Score™ is 46/100 with 5 warning signs to review. 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 Ihlas Holding AS (IST:IHLAS), the current Days Payable is 68.36 as of Mar. 2026. 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.

Is Ihlas Holding AS (IST:IHLAS) Overvalued in 2026?

Based on GuruFocus' analysis, Ihlas Holding AS stock appears to be undervalued. The current stock price of ₺1.19 is trading 37.7% below its estimated GF Value™ of ₺1.91. GuruFocus considers Ihlas Holding AS to be Possible Value Trap.

Key valuation signals for IST:IHLAS:

  • Days Payable: 68.36 (11% below median its 10-year median of 77.23)
  • GF Value™: ₺1.91 vs. price of ₺1.19 (37.7% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 22.1% above the Conglomerates median (#336 of 507)

No single metric tells the full story. See the IST:IHLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ihlas Holding AS Business Description

Address Merkez Mahallesi 29 Ekim Caddesi, Ihlas Plaza No: 11 B/21, Yenibosna, Bahcelievler, Istanbul, TUR, 34197
Ihlas Holding AS is a Turkey-based holding company. The operating segment includes Construction, Marketing, Media, and Others. It generates maximum revenue from the Marketing segment. The construction segment includes Real estate trading, construction projects, installation and contracting works, tourism and health investments, marketing, operating, and other construction operations. The Media Segment involves Publishing, selling, distributing and marketing of newspapers and all kinds of publications in Turkey and abroad, news agencies, television, and Other. The Marketing segment includes Home appliances manufacturing, all kinds of motorized and non-motorized vehicles production, import, export, consumer durable trade, and its marketing. Geographically, it operates only in Turkey.
46GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺1.19
Price
₺1.91
GF Value