Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Days Payable : 12.00 (As of Dec. 2023)

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What is Ofis Yem Gidanayi ve Ticaret AS Days Payable?

Ofis Yem Gidanayi ve Ticaret AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺582 Mil. Ofis Yem Gidanayi ve Ticaret AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺4,422 Mil. Hence, Ofis Yem Gidanayi ve Ticaret AS's Days Payable for the three months ended in Dec. 2023 was 12.00.

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

IST:OFSYM' s Days Payable Range Over the Past 10 Years
Min: 13.66 Med: 25.83 Max: 30.88
Current: 28.6

During the past 4 years, Ofis Yem Gidanayi ve Ticaret AS's highest Days Payable was 30.88. The lowest was 13.66. And the median was 25.83.

IST:OFSYM's Days Payable is ranked worse than
64.99% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs IST:OFSYM: 28.60

Ofis Yem Gidanayi ve Ticaret AS's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (12.00). It may suggest that Ofis Yem Gidanayi ve Ticaret AS delayed paying its suppliers.

Ofis Yem Gidanayi ve Ticaret AS Days Payable Historical Data

The historical data trend for Ofis Yem Gidanayi ve 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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Ofis Yem Gidanayi ve Ticaret AS Days Payable Chart

Ofis Yem Gidanayi ve Ticaret AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

30.88

26.43

13.66

25.23

Ofis Yem Gidanayi ve Ticaret AS Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	7.57	30.46	31.86	12.00

Competitive Comparison of Ofis Yem Gidanayi ve Ticaret AS's Days Payable

For the Packaged Foods subindustry, Ofis Yem Gidanayi ve 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.

Ofis Yem Gidanayi ve Ticaret AS's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ofis Yem Gidanayi ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ofis Yem Gidanayi ve Ticaret AS's Days Payable falls into.

Ofis Yem Gidanayi ve 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.

Ofis Yem Gidanayi ve 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
=	( (689.532	+	720.501)	/	2 )	/	10200.408	*	365
=	705.0165					/	10200.408	*	365
=	25.23

Ofis Yem Gidanayi ve Ticaret 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
=	( (442.7	+	720.501)	/	2 )	/	4421.508	*	365 / 4
=	581.6005					/	4421.508	*	365 / 4
=	12.00

Ofis Yem Gidanayi ve Ticaret AS Days Payable Related Terms

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Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ofis Yem Gida Sanayi ve Ticaret AS (IST:OFSYM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustafa Kemal Mah. Dumlupinar,, Bulv. No:266, Number 15-16 06510, Tepe Prime Business Center Block C, Mezzanine Floor, Ankara District, Çankaya, TUR

Website

https://www.ofisyem.com.tr

Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls.

Ofis Yem Gidanayi ve Ticaret AS (IST:OFSYM) Headlines

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