Marti Otel Isletmeleri AS (IST:MARTI) Days Payable: 110.80 (As of Mar. 2026) — 12% Above Median

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IST:MARTI Marti Otel Isletmeleri AS IST:MARTI
28 GF Score
Price ₺1.64
GF Value ₺3.89
Valuation Possible Value Trap
! 5 Warning Signs
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What is Marti Otel Isletmeleri AS Days Payable?

Marti Otel Isletmeleri AS IST:MARTI 28 Days Payable is 110.80 as of Mar. 2026, which is 12% above its 10-year median of 99.12. GuruFocus rates IST:MARTI with a GF Score™ of 28/100 and a GF Value™ of ₺3.89 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 779 Travel & Leisure companies, Marti Otel Isletmeleri AS ranks better than 51.99% on this metric.

Marti Otel Isletmeleri AS's average Accounts Payable for the six months ended in Mar. 2026 was ₺214 Mil. Marti Otel Isletmeleri AS's Cost of Goods Sold for the six months ended in Mar. 2026 was ₺352 Mil. Hence, Marti Otel Isletmeleri AS's Days Payable for the six months ended in Mar. 2026 was 110.80.

The historical rank and industry rank for Marti Otel Isletmeleri AS's Days Payable or its related term are showing as below:

IST:MARTI' s Days Payable Range Over the Past 10 Years
Min: 34.34   Med: 99.12   Max: 349.39
Current: 60

During the past 13 years, Marti Otel Isletmeleri AS's highest Days Payable was 349.39. The lowest was 34.34. And the median was 99.12.

IST:MARTI's Days Payable is ranked better than
51.99% of 779 companies
in the Travel & Leisure industry
Industry Median: 56.99 vs IST:MARTI: 60.00

Marti Otel Isletmeleri AS's Days Payable increased from Mar. 2025 (81.74) to Mar. 2026 (110.80). It may suggest that Marti Otel Isletmeleri AS delayed paying its suppliers.


Marti Otel Isletmeleri AS Days Payable Historical Data

* Premium members only.

The historical data trend for Marti Otel Isletmeleri 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.

Marti Otel Isletmeleri AS Days Payable Chart

Marti Otel Isletmeleri AS Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.52 40.04 34.34 36.64 47.21

Marti Otel Isletmeleri AS Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 42.41 38.50 81.74 45.04 110.80

IST:MARTI vs MAR, HLT, H: Days Payable Comparison

For the Lodging subindustry, Marti Otel Isletmeleri 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.


Marti Otel Isletmeleri AS Days Payable vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Marti Otel Isletmeleri AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Marti Otel Isletmeleri AS's Days Payable falls into.


IST:MARTI
28GF Score
Marti Otel Isletmeleri AS IST:MARTI
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Marti Otel Isletmeleri 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.

Marti Otel Isletmeleri AS's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (107.291 + 173.51) / 2 ) / 1085.393*365
=140.4005 / 1085.393*365
=47.21

Marti Otel Isletmeleri 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: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (254.489 + 173.51) / 2 ) / 352.495*365 / 2
=213.9995 / 352.495*365 / 2
=110.80

* 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 110.80 mean?
Marti Otel Isletmeleri AS (IST:MARTI) has a Days Payable of 110.80 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 Marti Otel Isletmeleri AS and its competitors. This is 12% above median its historical median of 99.12. Over the past decade, Marti Otel Isletmeleri AS's Days Payable has ranged from 34.34 to 349.39. According to the industry distribution chart, Marti Otel Isletmeleri AS ranks #374 out of 779 companies in the Travel & Leisure industry, placing it in the top 48%.
Is Marti Otel Isletmeleri AS's Days Payable too high?
Marti Otel Isletmeleri AS's current Days Payable of 110.80 is 12% above median its 10-year median of 99.12. Over the past 10 years, this metric has ranged from a low of 34.34 to a high of 349.39. The Travel & Leisure industry median Days Payable is 56.99. Marti Otel Isletmeleri AS's value of 110.80 is 94.4% above this industry median. Based on the distribution chart, Marti Otel Isletmeleri AS ranks #374 out of 779 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Marti Otel Isletmeleri AS has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Marti Otel Isletmeleri AS's Days Payable compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Marti Otel Isletmeleri AS ranks #374 out of 779 companies for Days Payable. This puts Marti Otel Isletmeleri AS in the upper half of its industry. The industry median Days Payable is 56.99. Marti Otel Isletmeleri AS's value of 110.80 is 94.4% above this benchmark. Historically, Marti Otel Isletmeleri AS's own Days Payable has ranged from 34.34 to 349.39 over the past decade. While the company's 10-year median is 99.12 vs. the industry median of 56.99, Marti Otel Isletmeleri 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 Travel & Leisure company?
The median Days Payable among Travel & Leisure companies is 56.99, based on 779 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. Marti Otel Isletmeleri AS's current Days Payable of 110.80 is 94.4% 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 Marti Otel Isletmeleri AS and its competitors. For the Travel & Leisure industry, the median Days Payable is 56.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marti Otel Isletmeleri AS's current Days Payable is 110.80, which is 12% above median its own 10-year median of 99.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marti Otel Isletmeleri AS stock overvalued right now?
Based on GuruFocus' analysis, Marti Otel Isletmeleri AS (IST:MARTI) is currently considered Possible Value Trap. The stock's GF Value™ is ₺3.89, compared to a current price of ₺1.64 — trading 57.8% below its estimated fair value. The current Days Payable is 110.80, which is 12% above median its 10-year median of 99.12 and 94.4% above the Travel & Leisure industry median of 56.99. Marti Otel Isletmeleri AS's overall GF Score™ is 28/100 with 5 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 Marti Otel Isletmeleri AS (IST:MARTI), the current Days Payable is 110.80 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 Marti Otel Isletmeleri AS (IST:MARTI) Overvalued in 2026?

Based on GuruFocus' analysis, Marti Otel Isletmeleri AS stock appears to be undervalued. The current stock price of ₺1.64 is trading 57.8% below its estimated GF Value™ of ₺3.89. GuruFocus considers Marti Otel Isletmeleri AS to be Possible Value Trap.

Key valuation signals for IST:MARTI:

  • Days Payable: 110.80 (12% above median its 10-year median of 99.12)
  • GF Value™: ₺3.89 vs. price of ₺1.64 (57.8% below fair value)
  • GF Score™: 28/100 with 5 warning signs
  • Industry Position: 94.4% above the Travel & Leisure median (#374 of 779)

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


Marti Otel Isletmeleri AS Business Description

Address Devres Han No:50/4, Inonu Caddesi, Beyoglu, Gumussuyu, Istanbul, TUR
Marti Otel Isletmeleri AS is engaged in the operation of tourist resorts and hotels located in Turkey.
28GF Score

Get the complete analysis for IST:MARTI

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

₺1.64
Price
₺3.89
GF Value