Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Days Payable : 26.33 (As of Dec. 2023)

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What is Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Payable?

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺9,616 Mil. Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺33,324 Mil. Hence, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 26.33.

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

IST:KRDMA' s Days Payable Range Over the Past 10 Years
Min: 48.28 Med: 117.04 Max: 157.23
Current: 50.15

During the past 13 years, Kardemir Karabuk Demir Celiknayi ve Ticaret AS's highest Days Payable was 157.23. The lowest was 48.28. And the median was 117.04.

IST:KRDMA's Days Payable is ranked better than
56.51% of 584 companies
in the Steel industry
Industry Median: 41.915 vs IST:KRDMA: 50.15

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Payable increased from Dec. 2022 (23.59) to Dec. 2023 (26.33). It may suggest that Kardemir Karabuk Demir Celiknayi ve Ticaret AS delayed paying its suppliers.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Kardemir Karabuk Demir 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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Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Payable Chart

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.72

136.77

157.23

68.26

86.58

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															23.59	115.38	118.75	35.39	26.33

Competitive Comparison of Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Payable

For the Steel subindustry, Kardemir Karabuk Demir 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.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS's Days Payable Distribution in the Steel Industry

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

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

Kardemir Karabuk Demir 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.

Kardemir Karabuk Demir 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
=	( (12616.98	+	10834.169)	/	2 )	/	49431.253	*	365
=	11725.5745					/	49431.253	*	365
=	86.58

Kardemir Karabuk Demir Celiknayi 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
=	( (8397.956	+	10834.169)	/	2 )	/	33323.775	*	365 / 4
=	9616.0625					/	33323.775	*	365 / 4
=	26.33

Kardemir Karabuk Demir Celiknayi ve Ticaret AS Days Payable Related Terms

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Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (IST:KRDMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KRDMD:Turkey KRDMB:Turkey

Address

Kardemir Karabuk Demir Sanayi, Karabuk, TUR, 78170

Website

http://www.kardemir.com

Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS is a Turkey-based company that is primarily engaged in manufacturing and selling of raw iron and steel products, coke, and coke byproducts. Its steel products include pig, blooms, billets, ribbed construction steel, profiles, mine poles, and all types of rails. Billet products and round products account for the majority of the company's steel product volume. The company's products are used in the construction, mining, transport, and industry sectors. Most of the company's revenue is generated from the Turkish domestic market.

Kardemir Karabuk Demir Celiknayi ve Ticaret AS (IST:KRDMA) Headlines

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