Otto Holding AS (IST:OTTO) Days Payable : 174.94 (As of Sep. 2023)

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What is Otto Holding AS Days Payable?

Otto Holding AS's average Accounts Payable for the three months ended in Sep. 2023 was ₺20.4 Mil. Otto Holding AS's Cost of Goods Sold for the three months ended in Sep. 2023 was ₺10.6 Mil. Hence, Otto Holding AS's Days Payable for the three months ended in Sep. 2023 was 174.94.

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

IST:OTTO' s Days Payable Range Over the Past 10 Years
Min: 93.9 Med: 191.19 Max: 649.58
Current: 93.9

During the past 8 years, Otto Holding AS's highest Days Payable was 649.58. The lowest was 93.90. And the median was 191.19.

IST:OTTO's Days Payable is ranked better than
57.26% of 468 companies
in the Asset Management industry
Industry Median: 70.455 vs IST:OTTO: 93.90

Otto Holding AS's Days Payable declined from Sep. 2022 (719.93) to Sep. 2023 (174.94). It may suggest that Otto Holding AS accelerated paying its suppliers.

Otto Holding AS Days Payable Historical Data

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

Otto Holding AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Days Payable

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144.60

220.29

649.58

304.84

168.06

Otto Holding AS Quarterly Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															719.93	52.11	75.16	66.33	174.94

Competitive Comparison of Otto Holding AS's Days Payable

For the Asset Management subindustry, Otto 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.

Otto Holding AS's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Otto Holding AS's Days Payable distribution charts can be found below:

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

Otto 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.

Otto Holding 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
=	( (3.048	+	3.877)	/	2 )	/	7.52	*	365
=	3.4625					/	7.52	*	365
=	168.06

Otto Holding 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
=	( (20.218	+	20.53)	/	2 )	/	10.627	*	365 / 4
=	20.374					/	10.627	*	365 / 4
=	174.94

Otto Holding AS Days Payable Related Terms

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Otto Holding AS (IST:OTTO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Otto Holding AS (IST:OTTO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Levent Neighbourhood Yosun St. No:8, Besiktas, Istanbul, TUR

Website

https://www.ottoholding.com.tr

Otto Holding AS is an investment company that brings traditional markets together with new-generation investments, It undertakes the responsibility of making investments that will benefit our shareholders while protecting the securities and transparency of the markets. The company transforms its experience in media, entertainment and other sectors into measurable financial values with technology-oriented investments in fields of activity such as artificial intelligence (AI), augmented reality (AR), financial technologies (Fintech), gaming (Gaming), and electric vehicles (Electrification).

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