T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Days Payable: 95.91 (As of Mar. 2026) — 17% Above Median


IST:TBORG T Tuborg Bira Ve Malt Sanayii AS IST:TBORG
90 GF Score
Price ₺133.00
GF Value ₺203.34
Valuation Significantly Undervalued
! 5 Warning Signs
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What is T Tuborg Bira Ve Maltnayii AS Days Payable?

T Tuborg Bira Ve Maltnayii AS IST:TBORG -1.04% 90 Days Payable is 95.91 as of Mar. 2026, which is 17% above its 10-year median of 82.08. GuruFocus rates IST:TBORG with a GF Score™ of 90/100 and a GF Value™ of ₺203.34 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 202 Beverages - Alcoholic companies, T Tuborg Bira Ve Maltnayii AS ranks worse than 75.25% on this metric.

T Tuborg Bira Ve Maltnayii AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺3,101 Mil. T Tuborg Bira Ve Maltnayii AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺2,950 Mil. Hence, T Tuborg Bira Ve Maltnayii AS's Days Payable for the three months ended in Mar. 2026 was 95.91.

The historical rank and industry rank for T Tuborg Bira Ve Maltnayii AS's Days Payable or its related term are showing as below:

IST:TBORG' s Days Payable Range Over the Past 10 Years
Min: 45.74   Med: 82.08   Max: 97.67
Current: 45.74

During the past 13 years, T Tuborg Bira Ve Maltnayii AS's highest Days Payable was 97.67. The lowest was 45.74. And the median was 82.08.

IST:TBORG's Days Payable is ranked worse than
75.25% of 202 companies
in the Beverages - Alcoholic industry
Industry Median: 82.04 vs IST:TBORG: 45.74

T Tuborg Bira Ve Maltnayii AS's Days Payable declined from Mar. 2025 (98.53) to Mar. 2026 (95.91). It may suggest that T Tuborg Bira Ve Maltnayii AS accelerated paying its suppliers.


T Tuborg Bira Ve Maltnayii AS Days Payable Historical Data

* Premium members only.

The historical data trend for T Tuborg Bira Ve Maltnayii 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.

T Tuborg Bira Ve Maltnayii AS Days Payable Chart

T Tuborg Bira Ve Maltnayii 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 81.28 45.81 58.58 56.32 66.86

T Tuborg Bira Ve Maltnayii 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 98.53 67.94 25.77 59.62 95.91

IST:TBORG vs BUD, STZ, TAP: Days Payable Comparison

For the Beverages - Brewers subindustry, T Tuborg Bira Ve Maltnayii 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.


T Tuborg Bira Ve Maltnayii AS Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, T Tuborg Bira Ve Maltnayii AS's Days Payable distribution charts can be found below:

* The bar in red indicates where T Tuborg Bira Ve Maltnayii AS's Days Payable falls into.


IST:TBORG
90GF Score
T Tuborg Bira Ve Malt Sanayii AS IST:TBORG
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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T Tuborg Bira Ve Maltnayii 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.

T Tuborg Bira Ve Maltnayii 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
=( (2977.992 + 3728.696) / 2 ) / 18305.195*365
=3353.344 / 18305.195*365
=66.86

T Tuborg Bira Ve Maltnayii 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
=( (3728.696 + 2473.144) / 2 ) / 2950.268*365 / 4
=3100.92 / 2950.268*365 / 4
=95.91

* 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 95.91 mean?
T Tuborg Bira Ve Maltnayii AS (IST:TBORG) has a Days Payable of 95.91 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 T Tuborg Bira Ve Maltnayii AS and its competitors. This is 17% above median its historical median of 82.08. Over the past decade, T Tuborg Bira Ve Maltnayii AS's Days Payable has ranged from 45.74 to 97.67. According to the industry distribution chart, T Tuborg Bira Ve Maltnayii AS ranks #152 out of 202 companies in the Beverages - Alcoholic industry, placing it in the top 75.2%.
Is T Tuborg Bira Ve Maltnayii AS's Days Payable too high?
T Tuborg Bira Ve Maltnayii AS's current Days Payable of 95.91 is 17% above median its 10-year median of 82.08. Over the past 10 years, this metric has ranged from a low of 45.74 to a high of 97.67. The Beverages - Alcoholic industry median Days Payable is 82.04. T Tuborg Bira Ve Maltnayii AS's value of 95.91 is 16.9% above this industry median. Based on the distribution chart, T Tuborg Bira Ve Maltnayii AS ranks #152 out of 202 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, T Tuborg Bira Ve Maltnayii AS has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T Tuborg Bira Ve Maltnayii AS's Days Payable compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, T Tuborg Bira Ve Maltnayii AS ranks #152 out of 202 companies for Days Payable. This places T Tuborg Bira Ve Maltnayii AS in the lower half of its industry. The industry median Days Payable is 82.04. T Tuborg Bira Ve Maltnayii AS's value of 95.91 is 16.9% above this benchmark. Historically, T Tuborg Bira Ve Maltnayii AS's own Days Payable has ranged from 45.74 to 97.67 over the past decade. While the company's 10-year median is 82.08 vs. the industry median of 82.04, T Tuborg Bira Ve Maltnayii 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 82.04, based on 202 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. T Tuborg Bira Ve Maltnayii AS's current Days Payable of 95.91 is 16.9% 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 T Tuborg Bira Ve Maltnayii AS and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 82.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T Tuborg Bira Ve Maltnayii AS's current Days Payable is 95.91, which is 17% above median its own 10-year median of 82.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T Tuborg Bira Ve Maltnayii AS stock overvalued right now?
Based on GuruFocus' analysis, T Tuborg Bira Ve Maltnayii AS (IST:TBORG) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺203.34, compared to a current price of ₺133.00 — trading 34.6% below its estimated fair value. The current Days Payable is 95.91, which is 17% above median its 10-year median of 82.08 and 16.9% above the Beverages - Alcoholic industry median of 82.04. T Tuborg Bira Ve Maltnayii AS's overall GF Score™ is 90/100 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 T Tuborg Bira Ve Maltnayii AS (IST:TBORG), the current Days Payable is 95.91 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 T Tuborg Bira Ve Maltnayii AS (IST:TBORG) Overvalued in 2026?

Based on GuruFocus' analysis, T Tuborg Bira Ve Maltnayii AS stock appears to be undervalued. The current stock price of ₺133.00 is trading 34.6% below its estimated GF Value™ of ₺203.34. GuruFocus considers T Tuborg Bira Ve Maltnayii AS to be Significantly Undervalued.

Key valuation signals for IST:TBORG:

  • Days Payable: 95.91 (17% above median its 10-year median of 82.08)
  • GF Value™: ₺203.34 vs. price of ₺133.00 (34.6% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 16.9% above the Beverages - Alcoholic median (#152 of 202)

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


T Tuborg Bira Ve Maltnayii AS Business Description

Address Kemalpasa Street, No. 258, Isikkent Bornova, Izmir, TUR, 35070
T Tuborg Bira Ve Malt Sanayii AS produces, sells, and distributes beer and malt to domestic and international markets. Its products are sold under the brand names Tuborg, Carlsberg, Frederik, Troy, and others.
90GF Score

Get the complete analysis for IST:TBORG

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

₺133.00
Price
₺203.34
GF Value