Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) Days Payable : 33.48 (As of Sep. 2023)

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What is Nigbas Nigde Betonnayi ve Ticarte AS Days Payable?

Nigbas Nigde Betonnayi ve Ticarte AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺2.23 Mil. Nigbas Nigde Betonnayi ve Ticarte AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺6.09 Mil. Hence, Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable for the three months ended in Sep. 2023 was 33.48.

The historical rank and industry rank for Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable or its related term are showing as below:

IST:NIBAS' s Days Payable Range Over the Past 10 Years
Min: 24.83 Med: 61.51 Max: 103.81
Current: 33.08

During the past 12 years, Nigbas Nigde Betonnayi ve Ticarte AS's highest Days Payable was 103.81. The lowest was 24.83. And the median was 61.51.

IST:NIBAS's Days Payable is ranked worse than
85.96% of 1603 companies
in the Construction industry
Industry Median: 74.72 vs IST:NIBAS: 33.08

Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable declined from Sep. 2022 (100.02) to Sep. 2023 (33.48). It may suggest that Nigbas Nigde Betonnayi ve Ticarte AS accelerated paying its suppliers.

Nigbas Nigde Betonnayi ve Ticarte AS Days Payable Historical Data

The historical data trend for Nigbas Nigde Betonnayi ve Ticarte 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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Nigbas Nigde Betonnayi ve Ticarte AS Days Payable Chart

Nigbas Nigde Betonnayi ve Ticarte AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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57.78

44.66

53.52

24.83

43.05

Nigbas Nigde Betonnayi ve Ticarte AS Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															100.02	26.51	52.95	36.12	33.48

Competitive Comparison of Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable

For the Engineering & Construction subindustry, Nigbas Nigde Betonnayi ve Ticarte 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.

Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable falls into.

Nigbas Nigde Betonnayi ve Ticarte 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.

Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.227	+	8.987)	/	2 )	/	47.536	*	365
=	5.607					/	47.536	*	365
=	43.05

Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.598	+	2.871)	/	2 )	/	6.09	*	365 / 4
=	2.2345					/	6.09	*	365 / 4
=	33.48

Nigbas Nigde Betonnayi ve Ticarte AS Days Payable Related Terms

Thank you for viewing the detailed overview of Nigbas Nigde Betonnayi ve Ticarte AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nigbas Nigde Beton Sanayi ve Ticarte AS (IST:NIBAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Adana Kara Yolu 2. Km. Pk. 30 51001, Nigde, TUR

Website

http://www.nigbas.com.tr

Nigbas Nigde Beton Sanayi ve Ticarte A.S. is a an engineering company. It offers wide range of products including prestressed beams for bridges, poles, and paving stones.

Nigbas Nigde Betonnayi ve Ticarte AS (IST:NIBAS) Headlines

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