Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
* 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.
IST:MERCN vs LIN, SHW, ECL: Days Payable Comparison
For the Specialty Chemicals subindustry, Mercan Kimyanayi 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.
Mercan Kimyanayi ve Ticaret AS Days Payable vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Mercan Kimyanayi ve Ticaret AS's Days Payable distribution charts can be found below:
* The bar in red indicates where Mercan Kimyanayi ve Ticaret AS's Days Payable falls into.
Mercan Kimyanayi 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.
* 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.
Mercan Kimyanayi ve Ticaret AS (IST:MERCN) has a Days Payable of 16.44 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 Mercan Kimyanayi ve Ticaret AS and its competitors. This is 27% below median its historical median of 22.63. Over the past decade, Mercan Kimyanayi ve Ticaret AS's Days Payable has ranged from 12.28 to 33.09. According to the industry distribution chart, Mercan Kimyanayi ve Ticaret AS ranks #1192 out of 1553 companies in the Chemicals industry, placing it in the top 76.8%.
Is Mercan Kimyanayi ve Ticaret AS's Days Payable too high?
Mercan Kimyanayi ve Ticaret AS's current Days Payable of 16.44 is 27% below median its 10-year median of 22.63. Over the past 10 years, this metric has ranged from a low of 12.28 to a high of 33.09. The Chemicals industry median Days Payable is 59.87. Mercan Kimyanayi ve Ticaret AS's value of 16.44 is 72.5% below this industry median. Based on the distribution chart, Mercan Kimyanayi ve Ticaret AS ranks #1192 out of 1553 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Mercan Kimyanayi ve Ticaret AS has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercan Kimyanayi ve Ticaret AS's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Mercan Kimyanayi ve Ticaret AS ranks #1192 out of 1553 companies for Days Payable. This places Mercan Kimyanayi ve Ticaret AS in the lower half of its industry. The industry median Days Payable is 59.87. Mercan Kimyanayi ve Ticaret AS's value of 16.44 is 72.5% below this benchmark. Historically, Mercan Kimyanayi ve Ticaret AS's own Days Payable has ranged from 12.28 to 33.09 over the past decade. While the company's 10-year median is 22.63 vs. the industry median of 59.87, Mercan Kimyanayi 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,553 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. Mercan Kimyanayi ve Ticaret AS's current Days Payable of 16.44 is 72.5% 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 Mercan Kimyanayi ve Ticaret AS and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercan Kimyanayi ve Ticaret AS's current Days Payable is 16.44, which is 27% below median its own 10-year median of 22.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercan Kimyanayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Mercan Kimyanayi ve Ticaret AS (IST:MERCN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺11.95, compared to a current price of ₺21.14 — trading 76.9% above its estimated fair value. The current Days Payable is 16.44, which is 27% below median its 10-year median of 22.63 and 72.5% below the Chemicals industry median of 59.87. Mercan Kimyanayi ve Ticaret AS's overall GF Score™ is 70/100 with 6 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 Mercan Kimyanayi ve Ticaret AS (IST:MERCN), the current Days Payable is 16.44 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 Mercan Kimyanayi ve Ticaret AS (IST:MERCN) Overvalued in 2026?
Based on GuruFocus' analysis, Mercan Kimyanayi ve Ticaret AS stock appears to be overvalued.
The current stock price of ₺21.14 is trading 76.9% above its estimated GF Value™ of ₺11.95.
GuruFocus considers Mercan Kimyanayi ve Ticaret AS to be Significantly Overvalued.
Key valuation signals for IST:MERCN:
Days Payable: 16.44 (27% below median its 10-year median of 22.63)
GF Value™: ₺11.95 vs. price of ₺21.14 (76.9% above fair value)
Industry Position: 72.5% below the Chemicals median (#1192 of 1553)
No single metric tells the full story. See the IST:MERCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercan Kimya Sanayi ve Ticaret AS is engaged in the business of producing, buying, and selling paraffin, emulsion, vaseline and liquid paraffin. It has three group companies under its roof. One of these companies trades cosmetics, detergents, and industrial products in Turkey and abroad. The other company's main activity is to produce, buy and sell paraffin and emulsion for domestic and international markets.
70GF Score
Get the complete analysis for IST:MERCN
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IST:MERCN has been successfully added to your 
