Kocaer Celiknayi ve Ticaret AS (IST:KCAER) Days Payable : 51.96 (As of Mar. 2024)

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What is Kocaer Celiknayi ve Ticaret AS Days Payable?

Kocaer Celiknayi ve Ticaret AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺1,801 Mil. Kocaer Celiknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺3,163 Mil. Hence, Kocaer Celiknayi ve Ticaret AS's Days Payable for the three months ended in Mar. 2024 was 51.96.

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

IST:KCAER' s Days Payable Range Over the Past 10 Years
Min: 21.88 Med: 36.51 Max: 38.14
Current: 31.84

During the past 5 years, Kocaer Celiknayi ve Ticaret AS's highest Days Payable was 38.14. The lowest was 21.88. And the median was 36.51.

IST:KCAER's Days Payable is ranked worse than
63.65% of 586 companies
in the Steel industry
Industry Median: 41.43 vs IST:KCAER: 31.84

Kocaer Celiknayi ve Ticaret AS's Days Payable increased from Mar. 2023 (22.05) to Mar. 2024 (51.96). It may suggest that Kocaer Celiknayi ve Ticaret AS delayed paying its suppliers.

Kocaer Celiknayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Kocaer Celiknayi 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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Kocaer Celiknayi ve Ticaret AS Days Payable Chart

Kocaer Celiknayi ve Ticaret AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

36.79

36.51

33.00

21.88

38.14

Kocaer Celiknayi ve Ticaret AS Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										22.05	26.38	25.40	19.32	51.96

Competitive Comparison of Kocaer Celiknayi ve Ticaret AS's Days Payable

For the Steel subindustry, Kocaer Celiknayi 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.

Kocaer Celiknayi ve Ticaret AS's Days Payable Distribution in the Steel Industry

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

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

Kocaer Celiknayi 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.

Kocaer Celiknayi 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
=	( (1298.454	+	1235.908)	/	2 )	/	12126.253	*	365
=	1267.181					/	12126.253	*	365
=	38.14

Kocaer Celiknayi ve Ticaret 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
=	( (1235.908	+	2366.204)	/	2 )	/	3163.013	*	365 / 4
=	1801.056					/	3163.013	*	365 / 4
=	51.96

Kocaer Celiknayi ve Ticaret AS Days Payable Related Terms

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Kocaer Celiknayi ve Ticaret AS (IST:KCAER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kocaer Celik Sanayi ve Ticaret AS (IST:KCAER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeni Foca Yolu 3. km, Aliaga, Izmir, TUR

Website

https://www.kocaersteel.com

Kocaer Celik Sanayi ve Ticaret AS manufactures steed products. The company offers steel bars, angles, beams, rods, channels, profiles, and clamps.

Kocaer Celiknayi ve Ticaret AS (IST:KCAER) Headlines

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