Orcay Ortakoy Caynayi Ve Ticaret AS (IST:ORCAY) Days Payable : 94.45 (As of Sep. 2024)

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What is Orcay Ortakoy Caynayi Ve Ticaret AS Days Payable?

Orcay Ortakoy Caynayi Ve Ticaret AS's average Accounts Payable for the three months ended in Sep. 2024 was ₺37.3 Mil. Orcay Ortakoy Caynayi Ve Ticaret AS's Cost of Goods Sold for the three months ended in Sep. 2024 was ₺36.0 Mil. Hence, Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable for the three months ended in Sep. 2024 was 94.45.

The historical rank and industry rank for Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable or its related term are showing as below:

IST:ORCAY' s Days Payable Range Over the Past 10 Years
Min: 3.27 Med: 77.21 Max: 168.78
Current: 44.83

During the past 6 years, Orcay Ortakoy Caynayi Ve Ticaret AS's highest Days Payable was 168.78. The lowest was 3.27. And the median was 77.21.

IST:ORCAY's Days Payable is ranked worse than
51.37% of 1820 companies
in the Consumer Packaged Goods industry
Industry Median: 45.78 vs IST:ORCAY: 44.83

Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable increased from Sep. 2023 (4.17) to Sep. 2024 (94.45). It may suggest that Orcay Ortakoy Caynayi Ve Ticaret AS delayed paying its suppliers.

Orcay Ortakoy Caynayi Ve Ticaret AS Days Payable Historical Data

The historical data trend for Orcay Ortakoy Caynayi 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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Orcay Ortakoy Caynayi Ve Ticaret AS Days Payable Chart

Orcay Ortakoy Caynayi Ve Ticaret AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.18

80.24

168.78

45.27

3.27

Orcay Ortakoy Caynayi Ve Ticaret AS Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															4.17	-	1.46	18.20	94.45

Competitive Comparison of Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable

For the Packaged Foods subindustry, Orcay Ortakoy Caynayi 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.

Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable falls into.

Orcay Ortakoy Caynayi 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.

Orcay Ortakoy Caynayi 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
=	( (5.008	+	2.471)	/	2 )	/	417.595	*	365
=	3.7395					/	417.595	*	365
=	3.27

Orcay Ortakoy Caynayi Ve Ticaret AS'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
=	( (14.739	+	59.851)	/	2 )	/	36.032	*	365 / 4
=	37.295					/	36.032	*	365 / 4
=	94.45

Orcay Ortakoy Caynayi Ve Ticaret AS Days Payable Related Terms

Thank you for viewing the detailed overview of Orcay Ortakoy Caynayi Ve Ticaret AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Orcay Ortakoy Caynayi Ve Ticaret AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Orcay Ortakoy Cay Sanayi Ve Ticaret AS (IST:ORCAY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ortakoy Koyu No:85, Guneysu, Rize, TUR, 53390

Website

https://www.orcay.com.tr

Orcay Ortakoy Cay Sanayi Ve Ticaret AS is a tea production company. Its products include packaged teas and gift teas.

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