Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) Days Payable: 205.50 (As of Mar. 2026) — 146% Above Median


IST:SMRTG Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS IST:SMRTG
79 GF Score
Price ₺11.13
GF Value ₺11.51
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Days Payable?

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS IST:SMRTG -2.71% 79 Days Payable is 205.50 as of Mar. 2026, which is 146% above its 10-year median of 83.46. GuruFocus rates IST:SMRTG with a GF Score™ of 79/100 and a GF Value™ of ₺11.51 (Fairly Valued). The stock has 11 warning signs investors should review. Among 997 Semiconductors companies, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks better than 90.87% on this metric.

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺4,700 Mil. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺2,087 Mil. Hence, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable for the three months ended in Mar. 2026 was 205.50.

The historical rank and industry rank for Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS'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: 83.46   Max: 222.99
Current: 207.45

During the past 8 years, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's highest Days Payable was 222.99. The lowest was 44.60. And the median was 83.46.

IST:SMRTG's Days Payable is ranked better than
90.87% of 997 companies
in the Semiconductors industry
Industry Median: 53.06 vs IST:SMRTG: 207.45

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable increased from Mar. 2025 (177.21) to Mar. 2026 (205.50). It may suggest that Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS delayed paying its suppliers.


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Days Payable Related Terms


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Days Payable Historical Data

* Premium members only.

The historical data trend for Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Days Payable Chart

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 94.57 74.57 92.03 136.93 222.99

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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 177.21 363.59 146.42 156.05 205.50

IST:SMRTG vs FSLR, NXT, ENPH: Days Payable Comparison

For the Solar subindustry, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable falls into.


IST:SMRTG
79GF Score
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS IST:SMRTG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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.

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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
=( (5831.865 + 3996.358) / 2 ) / 8043.803*365
=4914.1115 / 8043.803*365
=222.99

Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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
=( (3996.358 + 5402.896) / 2 ) / 2086.793*365 / 4
=4699.627 / 2086.793*365 / 4
=205.50

* 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 205.50 mean?
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) has a Days Payable of 205.50 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS and its competitors. This is 146% above median its historical median of 83.46. Over the past decade, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable has ranged from 44.60 to 222.99. According to the industry distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #91 out of 997 companies in the Semiconductors industry, placing it in the top 9.1%.
Is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable too high?
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current Days Payable of 205.50 is 146% above median its 10-year median of 83.46. Over the past 10 years, this metric has ranged from a low of 44.60 to a high of 222.99. The Semiconductors industry median Days Payable is 53.06. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's value of 205.50 is 287.3% above this industry median. Based on the distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #91 out of 997 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's Days Payable compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS ranks #91 out of 997 companies for Days Payable. This places Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS in the top 9% of its industry — outperforming the majority of peers. The industry median Days Payable is 53.06. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's value of 205.50 is 287.3% above this benchmark. Historically, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's own Days Payable has ranged from 44.60 to 222.99 over the past decade. While the company's 10-year median is 83.46 vs. the industry median of 53.06, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic 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 Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 997 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. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current Days Payable of 205.50 is 287.3% 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's current Days Payable is 205.50, which is 146% above median its own 10-year median of 83.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS stock overvalued right now?
Based on GuruFocus' analysis, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) is currently considered Fairly Valued. The stock's GF Value™ is ₺11.51, compared to a current price of ₺11.13 — trading 3.3% below its estimated fair value. The current Days Payable is 205.50, which is 146% above median its 10-year median of 83.46 and 287.3% above the Semiconductors industry median of 53.06. Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS's overall GF Score™ is 79/100 with 11 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG), the current Days Payable is 205.50 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 Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS (IST:SMRTG) Overvalued in 2026?

Based on GuruFocus' analysis, Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS stock appears to be undervalued. The current stock price of ₺11.13 is trading 3.3% below its estimated GF Value™ of ₺11.51. GuruFocus considers Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS to be Fairly Valued.

Key valuation signals for IST:SMRTG:

  • Days Payable: 205.50 (146% above median its 10-year median of 83.46)
  • GF Value™: ₺11.51 vs. price of ₺11.13 (3.3% below fair value)
  • GF Score™: 79/100 with 11 warning signs
  • Industry Position: 287.3% above the Semiconductors median (#91 of 997)

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


Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretimn ve Tic AS Business Description

Address Feragat Street No-2, Ruzgarlybahce, 6th Floor, Energy Plaza, Beykoz, Istanbul, TUR
Smart Gunes Enerjisi Tek Arastirma Gelistirme Uretim San ve Tic AS, formerly 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.
79GF Score

Get the complete analysis for IST:SMRTG

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

₺11.13
Price
₺11.51
GF Value