Smart Gunes Teknolojileri (IST:SMRTG) Days Payable : 65.97 (As of Dec. 2023)

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What is Smart Gunes Teknolojileri Days Payable?

Smart Gunes Teknolojileri's average Accounts Payable for the three months ended in Dec. 2023 was ₺2,233 Mil. Smart Gunes Teknolojileri's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺3,088 Mil. Hence, Smart Gunes Teknolojileri's Days Payable for the three months ended in Dec. 2023 was 65.97.

The historical rank and industry rank for Smart Gunes Teknolojileri's Days Payable or its related term are showing as below:

IST:SMRTG' s Days Payable Range Over the Past 10 Years
Min: 44.6 Med: 74.73 Max: 102.31
Current: 91.27

During the past 6 years, Smart Gunes Teknolojileri's highest Days Payable was 102.31. The lowest was 44.60. And the median was 74.73.

IST:SMRTG's Days Payable is ranked better than
74.72% of 965 companies
in the Semiconductors industry
Industry Median: 51.64 vs IST:SMRTG: 91.27

Smart Gunes Teknolojileri's Days Payable increased from Dec. 2022 (27.57) to Dec. 2023 (65.97). It may suggest that Smart Gunes Teknolojileri delayed paying its suppliers.

Smart Gunes Teknolojileri Days Payable Historical Data

The historical data trend for Smart Gunes Teknolojileri'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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Smart Gunes Teknolojileri Days Payable Chart

Smart Gunes Teknolojileri Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.90

74.89

94.57

74.57

102.31

Smart Gunes Teknolojileri Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											27.57	149.00	105.29	97.89	65.97

Competitive Comparison of Smart Gunes Teknolojileri's Days Payable

For the Solar subindustry, Smart Gunes Teknolojileri'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.

Smart Gunes Teknolojileri's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Smart Gunes Teknolojileri's Days Payable distribution charts can be found below:

* The bar in red indicates where Smart Gunes Teknolojileri's Days Payable falls into.

Smart Gunes Teknolojileri 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.

Smart Gunes Teknolojileri'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
=	( (1144.523	+	2356.994)	/	2 )	/	6245.972	*	365
=	1750.7585					/	6245.972	*	365
=	102.31

Smart Gunes Teknolojileri'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
=	( (2108.537	+	2356.994)	/	2 )	/	3088.243	*	365 / 4
=	2232.7655					/	3088.243	*	365 / 4
=	65.97

Smart Gunes Teknolojileri Days Payable Related Terms

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Smart Gunes Teknolojileri (IST:SMRTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Smart Gunes Teknolojileri (IST:SMRTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ruzgarlibahce, Feragat Sk. No:2, 34805 Beykoz, Istanbul, TUR

Website

https://www.smartsolar.com.tr

Smart Gunes Teknolojileri is an integrated solar energy company operating in the area of turnkey installation services and PV module production offers a wide range of solar energy solutions to commercial and retail users. The company provides photovoltaic solar panels based on crystal silicon cells for use in the field and rooftop solar plants.

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