Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Days Payable: 45.94 (As of Mar. 2026) — 24% Above Median


IST:KARTN Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
49 GF Score
Price ₺137.00
GF Value ₺68.72
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Kartonsan Kartonnayi ve Ticaret AS Days Payable?

Kartonsan Kartonnayi ve Ticaret AS IST:KARTN +0.59% 49 Days Payable is 45.94 as of Mar. 2026, which is 24% above its 10-year median of 37.13. GuruFocus rates IST:KARTN with a GF Score™ of 49/100 and a GF Value™ of ₺68.72 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 378 Packaging & Containers companies, Kartonsan Kartonnayi ve Ticaret AS ranks worse than 68.52% on this metric.

Kartonsan Kartonnayi ve Ticaret AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺593 Mil. Kartonsan Kartonnayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺1,178 Mil. Hence, Kartonsan Kartonnayi ve Ticaret AS's Days Payable for the three months ended in Mar. 2026 was 45.94.

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

IST:KARTN' s Days Payable Range Over the Past 10 Years
Min: 23.15   Med: 37.13   Max: 48.59
Current: 42.65

During the past 13 years, Kartonsan Kartonnayi ve Ticaret AS's highest Days Payable was 48.59. The lowest was 23.15. And the median was 37.13.

IST:KARTN's Days Payable is ranked worse than
68.52% of 378 companies
in the Packaging & Containers industry
Industry Median: 57.21 vs IST:KARTN: 42.65

Kartonsan Kartonnayi ve Ticaret AS's Days Payable increased from Mar. 2025 (31.61) to Mar. 2026 (45.94). It may suggest that Kartonsan Kartonnayi ve Ticaret AS delayed paying its suppliers.


Kartonsan Kartonnayi ve Ticaret AS Days Payable Related Terms


Kartonsan Kartonnayi ve Ticaret AS Days Payable Historical Data

* Premium members only.

The historical data trend for Kartonsan Kartonnayi 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.

Kartonsan Kartonnayi ve Ticaret AS Days Payable Chart

Kartonsan Kartonnayi 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 42.03 23.15 48.59 43.61 44.80

Kartonsan Kartonnayi 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 31.61 43.29 52.73 35.26 45.94

IST:KARTN vs SW, PKG, AMCR: Days Payable Comparison

For the Packaging & Containers subindustry, Kartonsan Kartonnayi 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.


Kartonsan Kartonnayi ve Ticaret AS Days Payable vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Days Payable distribution charts can be found below:

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


IST:KARTN
49GF Score
Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Kartonsan Kartonnayi 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.

Kartonsan Kartonnayi 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
=( (671.094 + 607.178) / 2 ) / 5207.015*365
=639.136 / 5207.015*365
=44.80

Kartonsan Kartonnayi 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
=( (607.178 + 578.618) / 2 ) / 1177.746*365 / 4
=592.898 / 1177.746*365 / 4
=45.94

* 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 45.94 mean?
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) has a Days Payable of 45.94 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors. This is 24% above median its historical median of 37.13. Over the past decade, Kartonsan Kartonnayi ve Ticaret AS's Days Payable has ranged from 23.15 to 48.59. According to the industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #259 out of 378 companies in the Packaging & Containers industry, placing it in the top 68.5%.
Is Kartonsan Kartonnayi ve Ticaret AS's Days Payable too high?
Kartonsan Kartonnayi ve Ticaret AS's current Days Payable of 45.94 is 24% above median its 10-year median of 37.13. Over the past 10 years, this metric has ranged from a low of 23.15 to a high of 48.59. The Packaging & Containers industry median Days Payable is 57.21. Kartonsan Kartonnayi ve Ticaret AS's value of 45.94 is 19.7% below this industry median. Based on the distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #259 out of 378 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Kartonsan Kartonnayi ve Ticaret AS has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kartonsan Kartonnayi ve Ticaret AS's Days Payable compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #259 out of 378 companies for Days Payable. This places Kartonsan Kartonnayi ve Ticaret AS in the lower half of its industry. The industry median Days Payable is 57.21. Kartonsan Kartonnayi ve Ticaret AS's value of 45.94 is 19.7% below this benchmark. Historically, Kartonsan Kartonnayi ve Ticaret AS's own Days Payable has ranged from 23.15 to 48.59 over the past decade. While the company's 10-year median is 37.13 vs. the industry median of 57.21, Kartonsan Kartonnayi ve Ticaret AS has consistently been below 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 Packaging & Containers company?
The median Days Payable among Packaging & Containers companies is 57.21, based on 378 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. Kartonsan Kartonnayi ve Ticaret AS's current Days Payable of 45.94 is 19.7% below 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 Kartonsan Kartonnayi ve Ticaret AS and its competitors. For the Packaging & Containers industry, the median Days Payable is 57.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kartonsan Kartonnayi ve Ticaret AS's current Days Payable is 45.94, which is 24% above median its own 10-year median of 37.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kartonsan Kartonnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺68.72, compared to a current price of ₺137.00 — trading 99.4% above its estimated fair value. The current Days Payable is 45.94, which is 24% above median its 10-year median of 37.13 and 19.7% below the Packaging & Containers industry median of 57.21. Kartonsan Kartonnayi ve Ticaret AS's overall GF Score™ is 49/100 with 8 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN), the current Days Payable is 45.94 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Overvalued in 2026?

Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺137.00 is trading 99.4% above its estimated GF Value™ of ₺68.72. GuruFocus considers Kartonsan Kartonnayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:KARTN:

  • Days Payable: 45.94 (24% above median its 10-year median of 37.13)
  • GF Value™: ₺68.72 vs. price of ₺137.00 (99.4% above fair value)
  • GF Score™: 49/100 with 8 warning signs
  • Industry Position: 19.7% below the Packaging & Containers median (#259 of 378)

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


Kartonsan Kartonnayi ve Ticaret AS Business Description

Address Prof. Dr. Bulent Tarcan Caddesi, No: 5 Pak Is Merkezi, Kat: 3, Gayrettepe, Istanbul, TUR, 34349
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
49GF Score

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

₺137.00
Price
₺68.72
GF Value