Mia Teknoloji (IST:MIATK) Days Payable : 132.76 (As of Sep. 2024)

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What is Mia Teknoloji Days Payable?

Mia Teknoloji's average Accounts Payable for the three months ended in Sep. 2024 was ₺197 Mil. Mia Teknoloji's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺135 Mil. Hence, Mia Teknoloji's Days Payable for the three months ended in Sep. 2024 was 132.76.

The historical rank and industry rank for Mia Teknoloji's Days Payable or its related term are showing as below:

IST:MIATK' s Days Payable Range Over the Past 10 Years
Min: 60.37 Med: 79.4 Max: 128.46
Current: 128.46

During the past 6 years, Mia Teknoloji's highest Days Payable was 128.46. The lowest was 60.37. And the median was 79.40.

IST:MIATK's Days Payable is ranked better than
75.58% of 2523 companies
in the Software industry
Industry Median: 48.75 vs IST:MIATK: 128.46

Mia Teknoloji's Days Payable increased from Sep. 2023 (52.08) to Sep. 2024 (132.76). It may suggest that Mia Teknoloji delayed paying its suppliers.

Mia Teknoloji Days Payable Historical Data

The historical data trend for Mia Teknoloji'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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Mia Teknoloji Days Payable Chart

Mia Teknoloji Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.82

92.46

88.75

60.37

70.05

Mia Teknoloji Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial														52.08	390.79	134.73	81.16	132.76

Competitive Comparison of Mia Teknoloji's Days Payable

For the Information Technology Services subindustry, Mia Teknoloji'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.

Mia Teknoloji's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Mia Teknoloji's Days Payable distribution charts can be found below:

* The bar in red indicates where Mia Teknoloji's Days Payable falls into.

Mia Teknoloji 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.

Mia Teknoloji'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
=	( (136.543	+	127.519)	/	2 )	/	687.989	*	365
=	132.031					/	687.989	*	365
=	70.05

Mia Teknoloji's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (123.686	+	269.967)	/	2 )	/	135.286	*	365 / 4
=	196.8265					/	135.286	*	365 / 4
=	132.76

Mia Teknoloji Days Payable Related Terms

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Mia Teknoloji Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mia Teknoloji (IST:MIATK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gazi University Golbasi Campus, Techno Plaza Building B Block BZ/16, Golbasi, Ankara, TUR, 06830

Website

https://www.miateknoloji.com

Mia Teknoloji is a research & development, Innovation, Software Development, Integration, and Solution Provider company located in Technology Development Area. It focuses on the information infrastructure needs of both public and private organizations and develops tailor-made system solutions. The company's services include Facility and Building Installation, Information security training, Data Center Consultancy, Penetration test, and Network security products.

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