Net Holding AS (IST:NTHOL) Days Payable : 39.28 (As of Dec. 2023)

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What is Net Holding AS Days Payable?

Net Holding AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺1,242 Mil. Net Holding AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺2,885 Mil. Hence, Net Holding AS's Days Payable for the three months ended in Dec. 2023 was 39.28.

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

IST:NTHOL' s Days Payable Range Over the Past 10 Years
Min: 63.83 Med: 82.1 Max: 181.88
Current: 69.14

During the past 13 years, Net Holding AS's highest Days Payable was 181.88. The lowest was 63.83. And the median was 82.10.

IST:NTHOL's Days Payable is ranked better than
54.23% of 756 companies
in the Travel & Leisure industry
Industry Median: 57.71 vs IST:NTHOL: 69.14

Net Holding AS's Days Payable increased from Dec. 2022 (33.32) to Dec. 2023 (39.28). It may suggest that Net Holding AS delayed paying its suppliers.

Net Holding AS Days Payable Historical Data

The historical data trend for Net Holding 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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Net Holding AS Days Payable Chart

Net Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.69

146.37

181.88

72.14

76.58

Net Holding AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															33.32	113.63	95.22	85.73	39.28

Competitive Comparison of Net Holding AS's Days Payable

For the Travel Services subindustry, Net Holding 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.

Net Holding AS's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Net Holding AS's Days Payable falls into.

Net Holding 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.

Net Holding 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
=	( (1152.255	+	1236.613)	/	2 )	/	5692.782	*	365
=	1194.434					/	5692.782	*	365
=	76.58

Net Holding AS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1246.716	+	1236.613)	/	2 )	/	2884.612	*	365 / 4
=	1241.6645					/	2884.612	*	365 / 4
=	39.28

Net Holding AS Days Payable Related Terms

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Net Holding AS (IST:NTHOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Net Holding AS (IST:NTHOL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337

Website

https://www.netholding.com

Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.

Net Holding AS (IST:NTHOL) Headlines

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