Migros Ticaret AS (IST:MGROS) Days Payable : 79.27 (As of Jun. 2024)

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What is Migros Ticaret AS Days Payable?

Migros Ticaret AS's average Accounts Payable for the three months ended in Jun. 2024 was ₺43,079 Mil. Migros Ticaret AS's Cost of Goods Sold for the three months ended in Jun. 2024 was ₺49,586 Mil. Hence, Migros Ticaret AS's Days Payable for the three months ended in Jun. 2024 was 79.27.

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

IST:MGROS' s Days Payable Range Over the Past 10 Years
Min: 69.79 Med: 109.28 Max: 116.34
Current: 69.79

During the past 13 years, Migros Ticaret AS's highest Days Payable was 116.34. The lowest was 69.79. And the median was 109.28.

IST:MGROS's Days Payable is ranked better than
78% of 300 companies
in the Retail - Defensive industry
Industry Median: 43.785 vs IST:MGROS: 69.79

Migros Ticaret AS's Days Payable increased from Jun. 2023 (49.70) to Jun. 2024 (79.27). It may suggest that Migros Ticaret AS delayed paying its suppliers.

Migros Ticaret AS Days Payable Historical Data

The historical data trend for Migros 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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Migros Ticaret AS Days Payable Chart

Migros Ticaret AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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115.64

108.44

112.22

70.71

89.05

Migros Ticaret AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															49.70	87.55	46.27	84.05	79.27

Competitive Comparison of Migros Ticaret AS's Days Payable

For the Grocery Stores subindustry, Migros 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.

Migros Ticaret AS's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Migros Ticaret AS's Days Payable distribution charts can be found below:

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

Migros 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.

Migros 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
=	( (34667.981	+	37390.443)	/	2 )	/	147671.404	*	365
=	36029.212					/	147671.404	*	365
=	89.05

Migros Ticaret AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (39507.135	+	46650.806)	/	2 )	/	49586.475	*	365 / 4
=	43078.9705					/	49586.475	*	365 / 4
=	79.27

Migros Ticaret AS Days Payable Related Terms

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Migros Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Migros Ticaret AS (IST:MGROS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atatürk Mah. Turgut Özal Bulvar? No: 7, Atasehir - Istanbul, TUR, 34758

Website

http://www.migroskurumsal.com

Migros Turk TAS is a Turkey-based company that is principally engaged in the retail business. The company offers a broad range of merchandise, including food items, groceries, cosmetics, glass and kitchenware, stationery, electronic appliances, books, and others. The company operates through a number of store brands, including Migros stores, which account for the majority of the company's total stores; Macrocenter stores, which provides exclusive goods; and Ramstore stores, which are located outside Turkey and offer Turkish products. The company also operates business through an online channel. It generates the majority of its total revenue from the domestic market.

Migros Ticaret AS Headlines

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