Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Days Payable : 17.83 (As of Dec. 2023)

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What is Rubenis Tekstilnayi Ticaret Anonim Sirketi Days Payable?

Rubenis Tekstilnayi Ticaret Anonim Sirketi's average Accounts Payable for the three months ended in Dec. 2023 was ₺200 Mil. Rubenis Tekstilnayi Ticaret Anonim Sirketi's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,024 Mil. Hence, Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable for the three months ended in Dec. 2023 was 17.83.

The historical rank and industry rank for Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable or its related term are showing as below:

IST:RUBNS' s Days Payable Range Over the Past 10 Years
Min: 22.32 Med: 38.23 Max: 59.73
Current: 29.25

During the past 5 years, Rubenis Tekstilnayi Ticaret Anonim Sirketi's highest Days Payable was 59.73. The lowest was 22.32. And the median was 38.23.

IST:RUBNS's Days Payable is ranked worse than
76.74% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.07 vs IST:RUBNS: 29.25

Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable increased from Dec. 2022 (10.27) to Dec. 2023 (17.83). It may suggest that Rubenis Tekstilnayi Ticaret Anonim Sirketi delayed paying its suppliers.

Rubenis Tekstilnayi Ticaret Anonim Sirketi Days Payable Historical Data

The historical data trend for Rubenis Tekstilnayi Ticaret Anonim Sirketi'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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Rubenis Tekstilnayi Ticaret Anonim Sirketi Days Payable Chart

Rubenis Tekstilnayi Ticaret Anonim Sirketi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

38.23

55.16

59.73

22.32

25.54

Rubenis Tekstilnayi Ticaret Anonim Sirketi Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								10.27	58.17	94.48	32.02	17.83

Competitive Comparison of Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable

For the Textile Manufacturing subindustry, Rubenis Tekstilnayi Ticaret Anonim Sirketi'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.

Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable distribution charts can be found below:

* The bar in red indicates where Rubenis Tekstilnayi Ticaret Anonim Sirketi's Days Payable falls into.

Rubenis Tekstilnayi Ticaret Anonim Sirketi 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.

Rubenis Tekstilnayi Ticaret Anonim Sirketi'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
=	( (84.379	+	171.603)	/	2 )	/	1829.43	*	365
=	127.991					/	1829.43	*	365
=	25.54

Rubenis Tekstilnayi Ticaret Anonim Sirketi'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
=	( (228.679	+	171.603)	/	2 )	/	1024.174	*	365 / 4
=	200.141					/	1024.174	*	365 / 4
=	17.83

Rubenis Tekstilnayi Ticaret Anonim Sirketi Days Payable Related Terms

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Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rubenis Tekstil Sanayi Ticaret Anonim Sirketi (IST:RUBNS) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Telsiz Mahallesi, Zambak Sokak No:6, Zeytinburnu, Istanbul, TUR

Website

https://www.rubenis.com

Rubenis Tekstil Sanayi Ticaret Anonim Sirketi engages in manufacturing Yarn, Fiber, and Thread. Its product offerings comprise Compact Penye Triko yarn and Compact combed weave yarn.

Rubenis Tekstilnayi Ticaret Anonim Sirketi (IST:RUBNS) Headlines

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