Izmir Demir Celiknayi AS (IST:IZMDC) Days Payable : 8.36 (As of Mar. 2024)

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What is Izmir Demir Celiknayi AS Days Payable?

Izmir Demir Celiknayi AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺813 Mil. Izmir Demir Celiknayi AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺8,880 Mil. Hence, Izmir Demir Celiknayi AS's Days Payable for the three months ended in Mar. 2024 was 8.36.

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

IST:IZMDC' s Days Payable Range Over the Past 10 Years
Min: 3.5 Med: 56.17 Max: 114.22
Current: 6.5

During the past 13 years, Izmir Demir Celiknayi AS's highest Days Payable was 114.22. The lowest was 3.50. And the median was 56.17.

IST:IZMDC's Days Payable is ranked worse than
93.85% of 585 companies
in the Steel industry
Industry Median: 41.52 vs IST:IZMDC: 6.50

Izmir Demir Celiknayi AS's Days Payable increased from Mar. 2023 (4.32) to Mar. 2024 (8.36). It may suggest that Izmir Demir Celiknayi AS delayed paying its suppliers.

Izmir Demir Celiknayi AS Days Payable Historical Data

The historical data trend for Izmir Demir Celiknayi 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 Demir Celiknayi AS Days Payable Chart

Izmir Demir Celiknayi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.37

6.86

4.46

3.50

7.66

Izmir Demir Celiknayi AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															4.32	8.74	9.39	3.85	8.36

Competitive Comparison of Izmir Demir Celiknayi AS's Days Payable

For the Steel subindustry, Izmir Demir Celiknayi 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 Demir Celiknayi AS's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Izmir Demir Celiknayi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Izmir Demir Celiknayi AS's Days Payable falls into.

Izmir Demir Celiknayi 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 Demir Celiknayi 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
=	( (696.077	+	744.927)	/	2 )	/	34336.126	*	365
=	720.502					/	34336.126	*	365
=	7.66

Izmir Demir Celiknayi 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
=	( (744.927	+	881.433)	/	2 )	/	8879.809	*	365 / 4
=	813.18					/	8879.809	*	365 / 4
=	8.36

Izmir Demir Celiknayi AS Days Payable Related Terms

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Izmir Demir Celiknayi AS (IST:IZMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Izmir Demir Celik Sanayi AS (IST:IZMDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

?air E?ref Bulvar? No. 23, Çankaya, Izmir, TUR, 35210

Website

http://www.izdemir.com.tr

Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.

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