Polisan Holding AS (IST:POLHO) Days Payable: 77.17 (As of Mar. 2026) — 13% Below Median


IST:POLHO Polisan Holding AS IST:POLHO
53 GF Score
Price ₺20.68
GF Value ₺7.82
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Polisan Holding AS Days Payable?

Polisan Holding AS IST:POLHO +1.17% 53 Days Payable is 77.17 as of Mar. 2026, which is 13% below its 10-year median of 88.30. GuruFocus rates IST:POLHO with a GF Score™ of 53/100 and a GF Value™ of ₺7.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,560 Chemicals companies, Polisan Holding AS ranks better than 55.96% on this metric.

Polisan Holding AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺1,018 Mil. Polisan Holding AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺1,204 Mil. Hence, Polisan Holding AS's Days Payable for the three months ended in Mar. 2026 was 77.17.

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

IST:POLHO' s Days Payable Range Over the Past 10 Years
Min: 53.46   Med: 88.3   Max: 114.03
Current: 66.79

During the past 13 years, Polisan Holding AS's highest Days Payable was 114.03. The lowest was 53.46. And the median was 88.30.

IST:POLHO's Days Payable is ranked better than
55.96% of 1560 companies
in the Chemicals industry
Industry Median: 59.915 vs IST:POLHO: 66.79

Polisan Holding AS's Days Payable declined from Mar. 2025 (80.41) to Mar. 2026 (77.17). It may suggest that Polisan Holding AS accelerated paying its suppliers.


Polisan Holding AS Days Payable Historical Data

* Premium members only.

The historical data trend for Polisan 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.

Polisan Holding AS Days Payable Chart

Polisan Holding AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 114.03 66.80 86.14 98.92 85.83

Polisan Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 80.41 65.33 58.79 64.05 77.17

IST:POLHO vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Polisan 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.


Polisan Holding AS Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Polisan Holding AS's Days Payable distribution charts can be found below:

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


IST:POLHO
53GF Score
Polisan Holding AS IST:POLHO
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Polisan 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.

Polisan Holding AS's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1347.496 + 1016.773) / 2 ) / 5026.865*365
=1182.1345 / 5026.865*365
=85.83

Polisan Holding AS's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (1016.773 + 1019.397) / 2 ) / 1203.794*365 / 4
=1018.085 / 1203.794*365 / 4
=77.17

* 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 77.17 mean?
Polisan Holding AS (IST:POLHO) has a Days Payable of 77.17 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Polisan Holding AS and its competitors. This is 13% below median its historical median of 88.30. Over the past decade, Polisan Holding AS's Days Payable has ranged from 53.46 to 114.03. According to the industry distribution chart, Polisan Holding AS ranks #687 out of 1560 companies in the Chemicals industry, placing it in the top 44%.
Is Polisan Holding AS's Days Payable too high?
Polisan Holding AS's current Days Payable of 77.17 is 13% below median its 10-year median of 88.30. Over the past 10 years, this metric has ranged from a low of 53.46 to a high of 114.03. The Chemicals industry median Days Payable is 59.92. Polisan Holding AS's value of 77.17 is 28.8% above this industry median. Based on the distribution chart, Polisan Holding AS ranks #687 out of 1560 companies in the Chemicals industry, which is above the industry midpoint. Overall, Polisan Holding AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Polisan Holding AS's Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Polisan Holding AS ranks #687 out of 1560 companies for Days Payable. This puts Polisan Holding AS in the upper half of its industry. The industry median Days Payable is 59.92. Polisan Holding AS's value of 77.17 is 28.8% above this benchmark. Historically, Polisan Holding AS's own Days Payable has ranged from 53.46 to 114.03 over the past decade. While the company's 10-year median is 88.30 vs. the industry median of 59.92, Polisan Holding 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 Chemicals company?
The median Days Payable among Chemicals companies is 59.92, based on 1,560 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. Polisan Holding AS's current Days Payable of 77.17 is 28.8% 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 Polisan Holding AS and its competitors. For the Chemicals industry, the median Days Payable is 59.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polisan Holding AS's current Days Payable is 77.17, which is 13% below median its own 10-year median of 88.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polisan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Polisan Holding AS (IST:POLHO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺7.82, compared to a current price of ₺20.68 — trading 164.5% above its estimated fair value. The current Days Payable is 77.17, which is 13% below median its 10-year median of 88.30 and 28.8% above the Chemicals industry median of 59.92. Polisan Holding AS's overall GF Score™ is 53/100 with 5 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 Polisan Holding AS (IST:POLHO), the current Days Payable is 77.17 as of Mar. 2026. 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 Polisan Holding AS (IST:POLHO) Overvalued in 2026?

Based on GuruFocus' analysis, Polisan Holding AS stock appears to be overvalued. The current stock price of ₺20.68 is trading 164.5% above its estimated GF Value™ of ₺7.82. GuruFocus considers Polisan Holding AS to be Significantly Overvalued.

Key valuation signals for IST:POLHO:

  • Days Payable: 77.17 (13% below median its 10-year median of 88.30)
  • GF Value™: ₺7.82 vs. price of ₺20.68 (164.5% above fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 28.8% above the Chemicals median (#687 of 1560)

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


Polisan Holding AS Business Description

Address Dilovasi Organize Sanayi Bolgesi 1, Kisim Liman Caddesi No: 7, Kocaeli, Dilovasi, TUR
Polisan Holding AS engages in the manufacture and distribution of decorative paints, chemicals, textile goods, and rendering port and storage services. It operates through the following segments: Chemical Products, Port, Services, and Real estate. Majority of the firm's revenue gets derived from Chemical Products segment. The company offers paints, varnishes, resins, and other surface coating and insulation materials; formaldehyde, formaldehyde resins, and construction chemicals, as well as polyethylene terephthalate granules and synthetic fibers; emulsion polymers used in paint, wood, textiles, carpeting, and glue industries.
53GF Score

Get the complete analysis for IST:POLHO

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

₺20.68
Price
₺7.82
GF Value