Vakif Finansal Kiralama AS (IST:VAKFN) Days Payable : 20.56 (As of Dec. 2024)

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What is Vakif Finansal Kiralama AS Days Payable?

Vakif Finansal Kiralama AS's average Accounts Payable for the three months ended in Dec. 2024 was ₺215 Mil. Vakif Finansal Kiralama AS's Cost of Goods Sold for the three months ended in Dec. 2024 was ₺956 Mil. Hence, Vakif Finansal Kiralama AS's Days Payable for the three months ended in Dec. 2024 was 20.56.

The historical rank and industry rank for Vakif Finansal Kiralama AS's Days Payable or its related term are showing as below:

IST:VAKFN' s Days Payable Range Over the Past 10 Years
Min: 8.3 Med: 68.72 Max: 151.18
Current: 68.72

During the past 13 years, Vakif Finansal Kiralama AS's highest Days Payable was 151.18. The lowest was 8.30. And the median was 68.72.

IST:VAKFN's Days Payable is ranked better than
63.43% of 916 companies
in the Business Services industry
Industry Median: 46.135 vs IST:VAKFN: 68.72

Vakif Finansal Kiralama AS's Days Payable declined from Dec. 2023 (124.73) to Dec. 2024 (20.56). It may suggest that Vakif Finansal Kiralama AS accelerated paying its suppliers.

Vakif Finansal Kiralama AS Days Payable Historical Data

The historical data trend for Vakif Finansal Kiralama 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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Vakif Finansal Kiralama AS Days Payable Chart

Vakif Finansal Kiralama AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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45.47

53.68

151.18

125.91

68.72

Vakif Finansal Kiralama AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															124.73	107.82	-	-	20.56

Competitive Comparison of Vakif Finansal Kiralama AS's Days Payable

For the Rental & Leasing Services subindustry, Vakif Finansal Kiralama 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.

Vakif Finansal Kiralama AS's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Vakif Finansal Kiralama AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Vakif Finansal Kiralama AS's Days Payable falls into.

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Vakif Finansal Kiralama 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.

Vakif Finansal Kiralama AS's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1474.005	+	215.3)	/	2 )	/	4486.293	*	365
=	844.6525					/	4486.293	*	365
=	68.72

Vakif Finansal Kiralama AS's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0	+	215.3)	/	1 )	/	955.642	*	365 / 4
=	215.3					/	955.642	*	365 / 4
=	20.56

Vakif Finansal Kiralama AS Days Payable Related Terms

Thank you for viewing the detailed overview of Vakif Finansal Kiralama AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Vakif Finansal Kiralama AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Vakif Finansal Kiralama AS (IST:VAKFN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Cad. Gazeteciler Sitesi, Matbuat Sok No: 13, Esentepe, Istanbul, TUR, 34394

Website

http://www.vakifleasing.com.tr

Vakif Finansal Kiralama AS is a leasing company that serves the transportation, construction, office and electronic equipment, textile, tourism and medical industries in Turkey.

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