Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Days Payable: 80.20 (As of Mar. 2026) — Near Median


IST:KARSN Karsan Otomotiv Sanayii Ve Ticaret AS IST:KARSN
61 GF Score
Price ₺12.53
GF Value ₺19.86
Valuation Possible Value Trap
! 7 Warning Signs
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What is Karsan Otomotivnayii Ve Ticaret AS Days Payable?

Karsan Otomotivnayii Ve Ticaret AS IST:KARSN -1.49% 61 Days Payable is 80.20 as of Mar. 2026, which is 6% below its 10-year median of 85.34. GuruFocus rates IST:KARSN with a GF Score™ of 61/100 and a GF Value™ of ₺19.86 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Karsan Otomotivnayii Ve Ticaret AS ranks better than 50.48% on this metric.

Karsan Otomotivnayii Ve Ticaret AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺2,980 Mil. Karsan Otomotivnayii Ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺3,390 Mil. Hence, Karsan Otomotivnayii Ve Ticaret AS's Days Payable for the three months ended in Mar. 2026 was 80.20.

The historical rank and industry rank for Karsan Otomotivnayii Ve Ticaret AS's Days Payable or its related term are showing as below:

IST:KARSN' s Days Payable Range Over the Past 10 Years
Min: 55.58   Med: 85.34   Max: 108.85
Current: 71.19

During the past 13 years, Karsan Otomotivnayii Ve Ticaret AS's highest Days Payable was 108.85. The lowest was 55.58. And the median was 85.34.

IST:KARSN's Days Payable is ranked better than
50.48% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 69.415 vs IST:KARSN: 71.19

Karsan Otomotivnayii Ve Ticaret AS's Days Payable declined from Mar. 2025 (143.05) to Mar. 2026 (80.20). It may suggest that Karsan Otomotivnayii Ve Ticaret AS accelerated paying its suppliers.


Karsan Otomotivnayii Ve Ticaret AS Days Payable Related Terms


Karsan Otomotivnayii Ve Ticaret AS Days Payable Historical Data

* Premium members only.

The historical data trend for Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret AS Days Payable Chart

Karsan Otomotivnayii Ve Ticaret 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 94.10 108.85 99.71 88.15 84.78

Karsan Otomotivnayii Ve Ticaret 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 143.05 94.91 108.77 38.76 80.20

IST:KARSN vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Karsan Otomotivnayii 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.


Karsan Otomotivnayii Ve Ticaret AS Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Karsan Otomotivnayii Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Karsan Otomotivnayii Ve Ticaret AS's Days Payable falls into.


IST:KARSN
61GF Score
Karsan Otomotiv Sanayii Ve Ticaret AS IST:KARSN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Karsan Otomotivnayii 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.

Karsan Otomotivnayii Ve Ticaret 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
=( (2928.59 + 2645.671) / 2 ) / 11999.335*365
=2787.1305 / 11999.335*365
=84.78

Karsan Otomotivnayii Ve Ticaret 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
=( (2645.671 + 3314.043) / 2 ) / 3390.459*365 / 4
=2979.857 / 3390.459*365 / 4
=80.20

* 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 80.20 mean?
Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) has a Days Payable of 80.20 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. This is near median its historical median of 85.34. Over the past decade, Karsan Otomotivnayii Ve Ticaret AS's Days Payable has ranged from 55.58 to 108.85. According to the industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #103 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 49.5%.
Is Karsan Otomotivnayii Ve Ticaret AS's Days Payable too high?
Karsan Otomotivnayii Ve Ticaret AS's current Days Payable of 80.20 is near median its 10-year median of 85.34. Over the past 10 years, this metric has ranged from a low of 55.58 to a high of 108.85. The Farm & Heavy Construction Machinery industry median Days Payable is 69.42. Karsan Otomotivnayii Ve Ticaret AS's value of 80.20 is 15.5% above this industry median. Based on the distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #103 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Karsan Otomotivnayii Ve Ticaret AS has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Karsan Otomotivnayii Ve Ticaret AS's Days Payable compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #103 out of 208 companies for Days Payable. This puts Karsan Otomotivnayii Ve Ticaret AS in the upper half of its industry. The industry median Days Payable is 69.42. Karsan Otomotivnayii Ve Ticaret AS's value of 80.20 is 15.5% above this benchmark. Historically, Karsan Otomotivnayii Ve Ticaret AS's own Days Payable has ranged from 55.58 to 108.85 over the past decade. While the company's 10-year median is 85.34 vs. the industry median of 69.42, Karsan Otomotivnayii Ve Ticaret 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 69.42, based on 208 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. Karsan Otomotivnayii Ve Ticaret AS's current Days Payable of 80.20 is 15.5% 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 Karsan Otomotivnayii Ve Ticaret AS and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 69.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karsan Otomotivnayii Ve Ticaret AS's current Days Payable is 80.20, which is near median its own 10-year median of 85.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsan Otomotivnayii Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) is currently considered Possible Value Trap. The stock's GF Value™ is ₺19.86, compared to a current price of ₺12.53 — trading 36.9% below its estimated fair value. The current Days Payable is 80.20, which is near median its 10-year median of 85.34 and 15.5% above the Farm & Heavy Construction Machinery industry median of 69.42. Karsan Otomotivnayii Ve Ticaret AS's overall GF Score™ is 61/100 with 7 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN), the current Days Payable is 80.20 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 Karsan Otomotivnayii Ve Ticaret AS (IST:KARSN) Overvalued in 2026?

Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS stock appears to be undervalued. The current stock price of ₺12.53 is trading 36.9% below its estimated GF Value™ of ₺19.86. GuruFocus considers Karsan Otomotivnayii Ve Ticaret AS to be Possible Value Trap.

Key valuation signals for IST:KARSN:

  • Days Payable: 80.20 (near median its 10-year median of 85.34)
  • GF Value™: ₺19.86 vs. price of ₺12.53 (36.9% below fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 15.5% above the Farm & Heavy Construction Machinery median (#103 of 208)

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


Karsan Otomotivnayii Ve Ticaret AS Business Description

Address Hasanaga Organize Sanayi Bolgesi (HOSAB), Sanayi Caddesi, Nilufer, Bursa, TUR, 16225
Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.
61GF Score

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

₺12.53
Price
₺19.86
GF Value