Smartiks Yazilim AS (IST:SMART) Days Payable : 81.42 (As of Dec. 2023)

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What is Smartiks Yazilim AS Days Payable?

Smartiks Yazilim AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺14.1 Mil. Smartiks Yazilim AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺15.8 Mil. Hence, Smartiks Yazilim AS's Days Payable for the three months ended in Dec. 2023 was 81.42.

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

IST:SMART' s Days Payable Range Over the Past 10 Years
Min: 51.68 Med: 105.34 Max: 168.61
Current: 109.89

During the past 8 years, Smartiks Yazilim AS's highest Days Payable was 168.61. The lowest was 51.68. And the median was 105.34.

IST:SMART's Days Payable is ranked better than
71.87% of 2524 companies
in the Software industry
Industry Median: 49.615 vs IST:SMART: 109.89

Smartiks Yazilim AS's Days Payable increased from Dec. 2022 (56.77) to Dec. 2023 (81.42). It may suggest that Smartiks Yazilim AS delayed paying its suppliers.

Smartiks Yazilim AS Days Payable Historical Data

The historical data trend for Smartiks Yazilim 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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Smartiks Yazilim AS Days Payable Chart

Smartiks Yazilim AS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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110.99

75.55

51.68

158.60

187.23

Smartiks Yazilim AS Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															56.77	280.49	92.28	208.30	81.42

Competitive Comparison of Smartiks Yazilim AS's Days Payable

For the Software - Infrastructure subindustry, Smartiks Yazilim 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.

Smartiks Yazilim AS's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Smartiks Yazilim AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Smartiks Yazilim AS's Days Payable falls into.

Smartiks Yazilim 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.

Smartiks Yazilim 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
=	( (15.114	+	18.198)	/	2 )	/	32.47	*	365
=	16.656					/	32.47	*	365
=	187.23

Smartiks Yazilim AS'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
=	( (10.079	+	18.198)	/	2 )	/	15.845	*	365 / 4
=	14.1385					/	15.845	*	365 / 4
=	81.42

Smartiks Yazilim AS Days Payable Related Terms

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Smartiks Yazilim AS (IST:SMART) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smartiks Yazilim AS (IST:SMART) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Y?ld?z Teknik Universitesi, Davutpasa Kampusu Teknopark, D2 Blok No Z06, Esenler, Istanbul, TUR

Website

https://www.smartiks.com.tr

Smartiks Yazilim AS is engaged in providing effective business solutions, software development and consultancy services. The services are offered to health, insurance, banking and finance, retail, telecom and various other sectors.

Smartiks Yazilim AS (IST:SMART) Headlines

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