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Turk Hava Yollari AO (IST:THYAO) Days Payable : 27.18 (As of Mar. 2024)


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What is Turk Hava Yollari AO Days Payable?

Turk Hava Yollari AO's average Accounts Payable for the three months ended in Mar. 2024 was ₺40,475 Mil. Turk Hava Yollari AO's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺135,889 Mil. Hence, Turk Hava Yollari AO's Days Payable for the three months ended in Mar. 2024 was 27.18.

The historical rank and industry rank for Turk Hava Yollari AO's Days Payable or its related term are showing as below:

IST:THYAO' s Days Payable Range Over the Past 10 Years
Min: 26.83   Med: 29.74   Max: 49.11
Current: 33.01

During the past 13 years, Turk Hava Yollari AO's highest Days Payable was 49.11. The lowest was 26.83. And the median was 29.74.

IST:THYAO's Days Payable is ranked worse than
58.53% of 926 companies
in the Transportation industry
Industry Median: 38.775 vs IST:THYAO: 33.01

Turk Hava Yollari AO's Days Payable declined from Mar. 2023 (29.64) to Mar. 2024 (27.18). It may suggest that Turk Hava Yollari AO accelerated paying its suppliers.


Turk Hava Yollari AO Days Payable Historical Data

The historical data trend for Turk Hava Yollari AO'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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Turk Hava Yollari AO Days Payable Chart

Turk Hava Yollari AO Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.89 49.11 44.66 26.83 28.85

Turk Hava Yollari AO Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 29.64 26.99 26.88 89.44 27.18

Competitive Comparison of Turk Hava Yollari AO's Days Payable

For the Airlines subindustry, Turk Hava Yollari AO'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.


Turk Hava Yollari AO's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Days Payable distribution charts can be found below:

* The bar in red indicates where Turk Hava Yollari AO's Days Payable falls into.



Turk Hava Yollari AO 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.

Turk Hava Yollari AO'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
=( (22441.759 + 37477.876) / 2 ) / 379064.058*365
=29959.8175 / 379064.058*365
=28.85

Turk Hava Yollari AO's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (37477.876 + 43471.805) / 2 ) / 135889.404*365 / 4
=40474.8405 / 135889.404*365 / 4
=27.18

* 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.


Turk Hava Yollari AO Days Payable Related Terms

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Turk Hava Yollari AO (IST:THYAO) Business Description

Traded in Other Exchanges
Address
Havaalani Cad. No: 3/1, Genel Yonetim Binasi, 9th Floor, Yesilkoy, Bakirkoy, Istanbul, TUR, 34149
Turk Hava Yollari AO is a Turkish airline operator. It has one of the largest flight networks in the world, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights, and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.

Turk Hava Yollari AO (IST:THYAO) Headlines

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