Parsan Makina Parcalarinayii AS (IST:PARSN) Days Payable: 136.95 (As of Sep. 2025) — 53% Above Median


IST:PARSN Parsan Makina Parcalari Sanayii AS IST:PARSN
60 GF Score
Price ₺86.30
GF Value ₺121.92
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Parsan Makina Parcalarinayii AS Days Payable?

Parsan Makina Parcalarinayii AS IST:PARSN -0.29% 60 Days Payable is 136.95 as of Sep. 2025, which is 53% above its 10-year median of 89.23. GuruFocus rates IST:PARSN with a GF Score™ of 60/100 and a GF Value™ of ₺121.92 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,310 Vehicles & Parts companies, Parsan Makina Parcalarinayii AS ranks better than 74.58% on this metric.

Parsan Makina Parcalarinayii AS's average Accounts Payable for the three months ended in Sep. 2025 was ₺1,791 Mil. Parsan Makina Parcalarinayii AS's Cost of Goods Sold for the three months ended in Sep. 2025 was ₺1,193 Mil. Hence, Parsan Makina Parcalarinayii AS's Days Payable for the three months ended in Sep. 2025 was 136.95.

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

IST:PARSN' s Days Payable Range Over the Past 10 Years
Min: 59.19   Med: 89.23   Max: 121.04
Current: 115.29

During the past 13 years, Parsan Makina Parcalarinayii AS's highest Days Payable was 121.04. The lowest was 59.19. And the median was 89.23.

IST:PARSN's Days Payable is ranked better than
74.58% of 1310 companies
in the Vehicles & Parts industry
Industry Median: 67.015 vs IST:PARSN: 115.29

Parsan Makina Parcalarinayii AS's Days Payable increased from Sep. 2024 (100.16) to Sep. 2025 (136.95). It may suggest that Parsan Makina Parcalarinayii AS delayed paying its suppliers.


Parsan Makina Parcalarinayii AS Days Payable Related Terms


Parsan Makina Parcalarinayii AS Days Payable Historical Data

* Premium members only.

The historical data trend for Parsan Makina Parcalarinayii 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.

Parsan Makina Parcalarinayii AS Days Payable Chart

Parsan Makina Parcalarinayii AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 117.78 121.04 119.79 106.63 89.85

Parsan Makina Parcalarinayii AS Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 100.16 88.65 108.66 112.65 136.95

IST:PARSN vs ORLY, AZO, GPC: Days Payable Comparison

For the Auto Parts subindustry, Parsan Makina Parcalarinayii 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.


Parsan Makina Parcalarinayii AS Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Parsan Makina Parcalarinayii AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Parsan Makina Parcalarinayii AS's Days Payable falls into.


IST:PARSN
60GF Score
Parsan Makina Parcalari Sanayii AS IST:PARSN
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Parsan Makina Parcalarinayii 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.

Parsan Makina Parcalarinayii AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (885.949 + 949.485) / 2 ) / 3728.074*365
=917.717 / 3728.074*365
=89.85

Parsan Makina Parcalarinayii AS's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (1498.937 + 2082.592) / 2 ) / 1193.158*365 / 4
=1790.7645 / 1193.158*365 / 4
=136.95

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 136.95 mean?
Parsan Makina Parcalarinayii AS (IST:PARSN) has a Days Payable of 136.95 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Parsan Makina Parcalarinayii AS and its competitors. This is 53% above median its historical median of 89.23. Over the past decade, Parsan Makina Parcalarinayii AS's Days Payable has ranged from 59.19 to 121.04. According to the industry distribution chart, Parsan Makina Parcalarinayii AS ranks #333 out of 1310 companies in the Vehicles & Parts industry, placing it in the top 25.4%.
Is Parsan Makina Parcalarinayii AS's Days Payable too high?
Parsan Makina Parcalarinayii AS's current Days Payable of 136.95 is 53% above median its 10-year median of 89.23. Over the past 10 years, this metric has ranged from a low of 59.19 to a high of 121.04. The Vehicles & Parts industry median Days Payable is 67.02. Parsan Makina Parcalarinayii AS's value of 136.95 is 104.4% above this industry median. Based on the distribution chart, Parsan Makina Parcalarinayii AS ranks #333 out of 1310 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Parsan Makina Parcalarinayii AS has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Parsan Makina Parcalarinayii AS's Days Payable compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Parsan Makina Parcalarinayii AS ranks #333 out of 1310 companies for Days Payable. This puts Parsan Makina Parcalarinayii AS in the upper half of its industry. The industry median Days Payable is 67.02. Parsan Makina Parcalarinayii AS's value of 136.95 is 104.4% above this benchmark. Historically, Parsan Makina Parcalarinayii AS's own Days Payable has ranged from 59.19 to 121.04 over the past decade. While the company's 10-year median is 89.23 vs. the industry median of 67.02, Parsan Makina Parcalarinayii AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.02, based on 1,310 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Parsan Makina Parcalarinayii AS's current Days Payable of 136.95 is 104.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Parsan Makina Parcalarinayii AS and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parsan Makina Parcalarinayii AS's current Days Payable is 136.95, which is 53% above median its own 10-year median of 89.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parsan Makina Parcalarinayii AS stock overvalued right now?
Based on GuruFocus' analysis, Parsan Makina Parcalarinayii AS (IST:PARSN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺121.92, compared to a current price of ₺86.30 — trading 29.2% below its estimated fair value. The current Days Payable is 136.95, which is 53% above median its 10-year median of 89.23 and 104.4% above the Vehicles & Parts industry median of 67.02. Parsan Makina Parcalarinayii AS's overall GF Score™ is 60/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Parsan Makina Parcalarinayii AS (IST:PARSN), the current Days Payable is 136.95 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Parsan Makina Parcalarinayii AS (IST:PARSN) Overvalued in 2026?

Based on GuruFocus' analysis, Parsan Makina Parcalarinayii AS stock appears to be undervalued. The current stock price of ₺86.30 is trading 29.2% below its estimated GF Value™ of ₺121.92. GuruFocus considers Parsan Makina Parcalarinayii AS to be Modestly Undervalued.

Key valuation signals for IST:PARSN:

  • Days Payable: 136.95 (53% above median its 10-year median of 89.23)
  • GF Value™: ₺121.92 vs. price of ₺86.30 (29.2% below fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 104.4% above the Vehicles & Parts median (#333 of 1310)

No single metric tells the full story. See the IST:PARSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Parsan Makina Parcalarinayii AS Business Description

Address Kemiklidere Mevkii PK: 3 Guzelyali Koyu, Pendik, Istanbul, TUR, 34903
Parsan Makina Parcalari Sanayii AS is a Turkey-based company involved in the business of forging, heat treatment, special machining and die production. It manufactures Cardan shafts, spider gears, slip shafts, other automotive products, rear axle shafts, front axle beams, and front axle assemblies, and track assemblies.
60GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺86.30
Price
₺121.92
GF Value