MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Days Payable : 34.82 (As of Dec. 2022)

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What is MNG Havayollari ve Tasimacilik AS Days Payable?

MNG Havayollari ve Tasimacilik AS's average Accounts Payable for the three months ended in Dec. 2022 was $30.19 Mil. MNG Havayollari ve Tasimacilik AS's Cost of Goods Sold for the three months ended in Dec. 2022 was $79.11 Mil. Hence, MNG Havayollari ve Tasimacilik AS's Days Payable for the three months ended in Dec. 2022 was 34.82.

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

MNGA's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 39.31
* Ranked among companies with meaningful Days Payable only.

MNG Havayollari ve Tasimacilik AS's Days Payable increased from Dec. 2020 (0.00) to Dec. 2022 (34.82). It may suggest that MNG Havayollari ve Tasimacilik AS delayed paying its suppliers.

MNG Havayollari ve Tasimacilik AS Days Payable Historical Data

The historical data trend for MNG Havayollari ve 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.

* Premium members only.

MNG Havayollari ve Tasimacilik AS Days Payable Chart

MNG Havayollari ve Tasimacilik AS Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

61.69

44.75

37.09

MNG Havayollari ve Tasimacilik AS Quarterly Data
	Dec20	Sep21	Dec21	Sep22	Dec22
Days Payable	-	-	38.26	-	34.82

Competitive Comparison of MNG Havayollari ve Tasimacilik AS's Days Payable

For the Integrated Freight & Logistics subindustry, MNG Havayollari ve 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.

MNG Havayollari ve Tasimacilik AS's Days Payable Distribution in the Transportation Industry

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

* The bar in red indicates where MNG Havayollari ve Tasimacilik AS's Days Payable falls into.

MNG Havayollari ve 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.

MNG Havayollari ve Tasimacilik AS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (27.186	+	28.897)	/	2 )	/	275.965	*	365
=	28.0415					/	275.965	*	365
=	37.09

MNG Havayollari ve Tasimacilik AS's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (31.478	+	28.897)	/	2 )	/	79.105	*	365 / 4
=	30.1875					/	79.105	*	365 / 4
=	34.82

MNG Havayollari ve Tasimacilik AS Days Payable Related Terms

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MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

WOW Convention Center ?DTM, Yesilkoy/Bakirkoy, Istanbul, TUR, 34149

Website

https://www.mngairlines.com

MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.

MNG Havayollari ve Tasimacilik AS (MNG Havayollari ve Tasimacilik AS) Headlines

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