Marshall Boya VE Verniknayii AS (IST:MRSHL) Days Payable: 158.90 (As of Mar. 2026) — 25% Above Median

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IST:MRSHL Marshall Boya VE Vernik Sanayii AS IST:MRSHL
56 GF Score
Price ₺1,822.00
GF Value ₺1,382.91
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Marshall Boya VE Verniknayii AS Days Payable?

Marshall Boya VE Verniknayii AS IST:MRSHL -3.85% 56 Days Payable is 158.90 as of Mar. 2026, which is 25% above its 10-year median of 127.04. GuruFocus rates IST:MRSHL with a GF Score™ of 56/100 and a GF Value™ of ₺1,382.91 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,554 Chemicals companies, Marshall Boya VE Verniknayii AS ranks better than 96.27% on this metric.

Marshall Boya VE Verniknayii AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺1,554 Mil. Marshall Boya VE Verniknayii AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺893 Mil. Hence, Marshall Boya VE Verniknayii AS's Days Payable for the three months ended in Mar. 2026 was 158.90.

The historical rank and industry rank for Marshall Boya VE Verniknayii AS's Days Payable or its related term are showing as below:

IST:MRSHL' s Days Payable Range Over the Past 10 Years
Min: 91.79   Med: 127.04   Max: 250.74
Current: 250.74

During the past 13 years, Marshall Boya VE Verniknayii AS's highest Days Payable was 250.74. The lowest was 91.79. And the median was 127.04.

IST:MRSHL's Days Payable is ranked better than
96.27% of 1554 companies
in the Chemicals industry
Industry Median: 59.565 vs IST:MRSHL: 250.74

Marshall Boya VE Verniknayii AS's Days Payable increased from Mar. 2025 (92.54) to Mar. 2026 (158.90). It may suggest that Marshall Boya VE Verniknayii AS delayed paying its suppliers.


Marshall Boya VE Verniknayii AS Days Payable Related Terms


Marshall Boya VE Verniknayii AS Days Payable Historical Data

* Premium members only.

The historical data trend for Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS Days Payable Chart

Marshall Boya VE Verniknayii AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 211.13 117.29 136.63 130.78 196.24

Marshall Boya VE Verniknayii AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 92.54 281.17 295.72 370.80 158.90

IST:MRSHL vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Marshall Boya VE Verniknayii 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.


Marshall Boya VE Verniknayii AS Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Marshall Boya VE Verniknayii AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Marshall Boya VE Verniknayii AS's Days Payable falls into.


IST:MRSHL
56GF Score
Marshall Boya VE Vernik Sanayii AS IST:MRSHL
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Marshall Boya VE Verniknayii 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.

Marshall Boya VE Verniknayii AS's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1273.437 + 1403.599) / 2 ) / 2489.556*365
=1338.518 / 2489.556*365
=196.24

Marshall Boya VE Verniknayii 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: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1403.599 + 1704.887) / 2 ) / 892.56*365 / 4
=1554.243 / 892.56*365 / 4
=158.90

* 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 158.90 mean?
Marshall Boya VE Verniknayii AS (IST:MRSHL) has a Days Payable of 158.90 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 Marshall Boya VE Verniknayii AS and its competitors. This is 25% above median its historical median of 127.04. Over the past decade, Marshall Boya VE Verniknayii AS's Days Payable has ranged from 91.79 to 250.74. According to the industry distribution chart, Marshall Boya VE Verniknayii AS ranks #58 out of 1554 companies in the Chemicals industry, placing it in the top 3.7%.
Is Marshall Boya VE Verniknayii AS's Days Payable too high?
Marshall Boya VE Verniknayii AS's current Days Payable of 158.90 is 25% above median its 10-year median of 127.04. Over the past 10 years, this metric has ranged from a low of 91.79 to a high of 250.74. The Chemicals industry median Days Payable is 59.57. Marshall Boya VE Verniknayii AS's value of 158.90 is 166.8% above this industry median. Based on the distribution chart, Marshall Boya VE Verniknayii AS ranks #58 out of 1554 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Marshall Boya VE Verniknayii AS has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marshall Boya VE Verniknayii AS's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Marshall Boya VE Verniknayii AS ranks #58 out of 1554 companies for Days Payable. This places Marshall Boya VE Verniknayii AS in the top 4% of its industry — outperforming the majority of peers. The industry median Days Payable is 59.57. Marshall Boya VE Verniknayii AS's value of 158.90 is 166.8% above this benchmark. Historically, Marshall Boya VE Verniknayii AS's own Days Payable has ranged from 91.79 to 250.74 over the past decade. While the company's 10-year median is 127.04 vs. the industry median of 59.57, Marshall Boya VE Verniknayii 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.57, based on 1,554 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. Marshall Boya VE Verniknayii AS's current Days Payable of 158.90 is 166.8% 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 Marshall Boya VE Verniknayii AS and its competitors. For the Chemicals industry, the median Days Payable is 59.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marshall Boya VE Verniknayii AS's current Days Payable is 158.90, which is 25% above median its own 10-year median of 127.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marshall Boya VE Verniknayii AS stock overvalued right now?
Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS (IST:MRSHL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1,382.91, compared to a current price of ₺1,822.00 — trading 31.8% above its estimated fair value. The current Days Payable is 158.90, which is 25% above median its 10-year median of 127.04 and 166.8% above the Chemicals industry median of 59.57. Marshall Boya VE Verniknayii AS's overall GF Score™ is 56/100 with 3 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 Marshall Boya VE Verniknayii AS (IST:MRSHL), the current Days Payable is 158.90 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 Marshall Boya VE Verniknayii AS (IST:MRSHL) Overvalued in 2026?

Based on GuruFocus' analysis, Marshall Boya VE Verniknayii AS stock appears to be overvalued. The current stock price of ₺1,822.00 is trading 31.8% above its estimated GF Value™ of ₺1,382.91. GuruFocus considers Marshall Boya VE Verniknayii AS to be Significantly Overvalued.

Key valuation signals for IST:MRSHL:

  • Days Payable: 158.90 (25% above median its 10-year median of 127.04)
  • GF Value™: ₺1,382.91 vs. price of ₺1,822.00 (31.8% above fair value)
  • GF Score™: 56/100 with 3 warning signs
  • Industry Position: 166.8% above the Chemicals median (#58 of 1554)

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


Marshall Boya VE Verniknayii AS Business Description

Address Dilovasi Organize San. Bolgesi, 1.Kisim Tuna Caddesi No:1, Dilovasi, Gebze, Kocaeli, TUR, 41455
Marshall Boya VE Vernik Sanayii AS is a Turkey-based company involved in manufacturing paints, coatings, and specialty chemicals. The variety of paints provided by the company includes Panel Door Paint, Fit Silicone, Fit Plastic, Antibacterial Hygiene and Silicone Silk Mat Tinted among others.
56GF Score

Get the complete analysis for IST:MRSHL

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

₺1,822.00
Price
₺1,382.91
GF Value