Tureks Turizm Tasimacilik AS (IST:TUREX) Days Payable : 38.62 (As of Dec. 2023)

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What is Tureks Turizm Tasimacilik AS Days Payable?

Tureks Turizm Tasimacilik AS's average Accounts Payable for the six months ended in Dec. 2023 was ₺274 Mil. Tureks Turizm Tasimacilik AS's Cost of Goods Sold for the six months ended in Dec. 2023 was ₺2,587 Mil. Hence, Tureks Turizm Tasimacilik AS's Days Payable for the six months ended in Dec. 2023 was 19.31.

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

IST:TUREX' s Days Payable Range Over the Past 10 Years
Min: 29.26 Med: 37.97 Max: 44.71
Current: 38.62

During the past 6 years, Tureks Turizm Tasimacilik AS's highest Days Payable was 44.71. The lowest was 29.26. And the median was 37.97.

IST:TUREX's Days Payable is ranked better than
53.21% of 951 companies
in the Transportation industry
Industry Median: 35.88 vs IST:TUREX: 38.62

Tureks Turizm Tasimacilik AS's Days Payable increased from Dec. 2021 (32.31) to Dec. 2023 (38.62). It may suggest that Tureks Turizm Tasimacilik AS delayed paying its suppliers.

Tureks Turizm Tasimacilik AS Days Payable Historical Data

The historical data trend for Tureks Turizm Tasimacilik 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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Tureks Turizm Tasimacilik AS Days Payable Chart

Tureks Turizm Tasimacilik AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.17

37.76

32.31

29.26

38.62

Tureks Turizm Tasimacilik AS Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Days Payable	Get a 7-Day Free Trial			38.17	37.76	32.31	29.26	38.62

Competitive Comparison of Tureks Turizm Tasimacilik AS's Days Payable

For the Railroads subindustry, Tureks Turizm Tasimacilik 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.

Tureks Turizm Tasimacilik AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Tureks Turizm Tasimacilik AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Tureks Turizm Tasimacilik AS's Days Payable falls into.

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Tureks Turizm Tasimacilik 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.

Tureks Turizm Tasimacilik 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
=	( (277.944	+	269.55)	/	2 )	/	2587.345	*	365
=	273.747					/	2587.345	*	365
=	38.62

Tureks Turizm Tasimacilik 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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (277.944	+	269.55)	/	2 )	/	2587.345	*	365 / 2
=	273.747					/	2587.345	*	365 / 2
=	19.31

Tureks Turizm Tasimacilik AS Days Payable Related Terms

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Tureks Turizm Tasimacilik AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tureks Turizm Tasimacilik AS (IST:TUREX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zafer Mahallesi 139, Sokak No:1 Esenyurt, Istanbul, TUR

Website

https://www.turexturizm.com.tr

Tureks Turizm Tasimacilik AS offers transport services to the prominent public and private establishments of Turkey in the field of tourism, personnel, and student transportation with its professional management, expert driver staff, and strong technological infrastructure, on the basis of the principle of permanent development.

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