ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Days Payable: 239.58 (As of Mar. 2026) — 68% Above Median

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IST:ZRGYO ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
80 GF Score
Price ₺18.21
GF Value ₺13.94
Valuation Significantly Overvalued
! 5 Warning Signs
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What is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Days Payable?

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO -1.57% 80 Days Payable is 239.58 as of Mar. 2026, which is 68% above its 10-year median of 142.93. GuruFocus rates IST:ZRGYO with a GF Score™ of 80/100 and a GF Value™ of ₺13.94 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 546 REITs companies, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks better than 69.6% on this metric.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's average Accounts Payable for the three months ended in Mar. 2026 was ₺442 Mil. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Cost of Goods Sold for the three months ended in Mar. 2026 was ₺168 Mil. Hence, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable for the three months ended in Mar. 2026 was 239.58.

The historical rank and industry rank for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable or its related term are showing as below:

IST:ZRGYO' s Days Payable Range Over the Past 10 Years
Min: 12.08   Med: 142.93   Max: 1256.69
Current: 208

During the past 8 years, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's highest Days Payable was 1256.69. The lowest was 12.08. And the median was 142.93.

IST:ZRGYO's Days Payable is ranked better than
69.6% of 546 companies
in the REITs industry
Industry Median: 119.39 vs IST:ZRGYO: 208.00

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable increased from Mar. 2025 (237.32) to Mar. 2026 (239.58). It may suggest that ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS delayed paying its suppliers.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Days Payable Related Terms


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Days Payable Historical Data

* Premium members only.

The historical data trend for ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Days Payable Chart

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 517.34 94.22 31.20 109.12 295.74

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 237.32 6,975.21 384,089.22 84.01 239.58

IST:ZRGYO vs VICI, WPC: Days Payable Comparison

For the REIT - Diversified subindustry, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable distribution charts can be found below:

* The bar in red indicates where ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable falls into.


IST:ZRGYO
80GF Score
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS IST:ZRGYO
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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.

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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
=( (497.215 + 601.059) / 2 ) / 677.746*365
=549.137 / 677.746*365
=295.74

ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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
=( (601.059 + 283.45) / 2 ) / 168.443*365 / 4
=442.2545 / 168.443*365 / 4
=239.58

* 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 239.58 mean?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) has a Days Payable of 239.58 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. This is 68% above median its historical median of 142.93. Over the past decade, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable has ranged from 12.08 to 1,256.69. According to the industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #166 out of 546 companies in the REITs industry, placing it in the top 30.4%.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable too high?
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Days Payable of 239.58 is 68% above median its 10-year median of 142.93. Over the past 10 years, this metric has ranged from a low of 12.08 to a high of 1,256.69. The REITs industry median Days Payable is 119.39. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 239.58 is 100.7% above this industry median. Based on the distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #166 out of 546 companies in the REITs industry, which is above the industry midpoint. Overall, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's Days Payable compare to VICI and WPC?
According to the REITs industry distribution chart, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS ranks #166 out of 546 companies for Days Payable. This puts ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS in the upper half of its industry. The industry median Days Payable is 119.39. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's value of 239.58 is 100.7% above this benchmark. Historically, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's own Days Payable has ranged from 12.08 to 1,256.69 over the past decade. While the company's 10-year median is 142.93 vs. the industry median of 119.39, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI 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 REITs company?
The median Days Payable among REITs companies is 119.39, based on 546 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. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Days Payable of 239.58 is 100.7% 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS and its competitors. For the REITs industry, the median Days Payable is 119.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's current Days Payable is 239.58, which is 68% above median its own 10-year median of 142.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock overvalued right now?
Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺13.94, compared to a current price of ₺18.21 — trading 30.6% above its estimated fair value. The current Days Payable is 239.58, which is 68% above median its 10-year median of 142.93 and 100.7% above the REITs industry median of 119.39. ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS's overall GF Score™ is 80/100 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO), the current Days Payable is 239.58 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 ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS (IST:ZRGYO) Overvalued in 2026?

Based on GuruFocus' analysis, ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS stock appears to be overvalued. The current stock price of ₺18.21 is trading 30.6% above its estimated GF Value™ of ₺13.94. GuruFocus considers ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS to be Significantly Overvalued.

Key valuation signals for IST:ZRGYO:

  • Days Payable: 239.58 (68% above median its 10-year median of 142.93)
  • GF Value™: ₺13.94 vs. price of ₺18.21 (30.6% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 100.7% above the REITs median (#166 of 546)

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


ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS Business Description

Industry Real EstateREITs
Address Sahrayi Cedit Mahallesi, Ataturk Caddesi No: 48, Kat: 8-9, Kozyatagi-Kadikoy, Istanbul, TUR, 34734
ZIRAAT GAYRIMENKUL YATIRIM ORTAKLIGI AS is a real estate investment company. Its portfolio consists of under construction Istanbul International Finance Center Ziraat Towers project and office buildings. It diversifies its investment portfolio with hotel and housing investments.
80GF Score

Get the complete analysis for IST:ZRGYO

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

₺18.21
Price
₺13.94
GF Value