Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Days Payable : 15.49 (As of Dec. 2023)

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What is Izmir Fircanayi ve Ticaret AS Days Payable?

Izmir Fircanayi ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺15.1 Mil. Izmir Fircanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺89.2 Mil. Hence, Izmir Fircanayi ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 15.49.

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

IST:IZFAS' s Days Payable Range Over the Past 10 Years
Min: 29.55 Med: 50.65 Max: 60.37
Current: 30.92

During the past 9 years, Izmir Fircanayi ve Ticaret AS's highest Days Payable was 60.37. The lowest was 29.55. And the median was 50.65.

IST:IZFAS's Days Payable is ranked worse than
70.04% of 1789 companies
in the Consumer Packaged Goods industry
Industry Median: 46.12 vs IST:IZFAS: 30.92

Izmir Fircanayi ve Ticaret AS's Days Payable declined from Dec. 2022 (18.02) to Dec. 2023 (15.49). It may suggest that Izmir Fircanayi ve Ticaret AS accelerated paying its suppliers.

Izmir Fircanayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Izmir Fircanayi 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.

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Izmir Fircanayi ve Ticaret AS Days Payable Chart

Izmir Fircanayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.33

45.83

50.65

31.78

29.55

Izmir Fircanayi ve Ticaret AS Quarterly Data
	Sep14	Dec14	Jun15	Sep15	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															18.02	54.87	42.42	29.11	15.49

Competitive Comparison of Izmir Fircanayi ve Ticaret AS's Days Payable

For the Household & Personal Products subindustry, Izmir Fircanayi 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.

Izmir Fircanayi ve Ticaret AS's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Izmir Fircanayi ve Ticaret AS's Days Payable distribution charts can be found below:

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

Izmir Fircanayi 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.

Izmir Fircanayi 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
=	( (26.642	+	11.796)	/	2 )	/	237.361	*	365
=	19.219					/	237.361	*	365
=	29.55

Izmir Fircanayi 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
=	( (18.48	+	11.796)	/	2 )	/	89.179	*	365 / 4
=	15.138					/	89.179	*	365 / 4
=	15.49

Izmir Fircanayi ve Ticaret AS Days Payable Related Terms

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Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Izmir Firca Sanayi ve Ticaret AS (IST:IZFAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10006. Sokak, No: 18 AOSB ZIP, Karsiyaka, Istanbul, TUR, 35620

Website

http://www.izmirfirca.com.tr

Izmir Firca Sanayi ve Ticaret A.S. provides products used in construction and cleaning the area for domestic and international market. The Company's products include bucket, cloth, stairs, brush, roll, garden cleaner and skerkel paint brush.

Izmir Fircanayi ve Ticaret AS (IST:IZFAS) Headlines

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