TAVHY (TAV Havalimanlari Holding AS) Days Payable : 25.25 (As of Sep. 2024)

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What is TAV Havalimanlari Holding AS Days Payable?

TAV Havalimanlari Holding AS's average Accounts Payable for the three months ended in Sep. 2024 was $85 Mil. TAV Havalimanlari Holding AS's Cost of Goods Sold for the three months ended in Sep. 2024 was $307 Mil. Hence, TAV Havalimanlari Holding AS's Days Payable for the three months ended in Sep. 2024 was 25.25.

The historical rank and industry rank for TAV Havalimanlari Holding AS's Days Payable or its related term are showing as below:

TAVHY' s Days Payable Range Over the Past 10 Years
Min: 20.42 Med: 40.84 Max: 55.83
Current: 23.35

During the past 13 years, TAV Havalimanlari Holding AS's highest Days Payable was 55.83. The lowest was 20.42. And the median was 40.84.

TAVHY's Days Payable is ranked worse than
75.16% of 934 companies
in the Transportation industry
Industry Median: 37.385 vs TAVHY: 23.35

TAV Havalimanlari Holding AS's Days Payable increased from Sep. 2023 (24.22) to Sep. 2024 (25.25). It may suggest that TAV Havalimanlari Holding AS delayed paying its suppliers.

TAV Havalimanlari Holding AS Days Payable Historical Data

The historical data trend for TAV Havalimanlari Holding 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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TAV Havalimanlari Holding AS Days Payable Chart

TAV Havalimanlari Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.51

63.74

46.08

30.66

25.48

TAV Havalimanlari Holding AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															24.22	21.39	23.48	24.24	25.25

Competitive Comparison of TAV Havalimanlari Holding AS's Days Payable

For the Airports & Air Services subindustry, TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, TAV Havalimanlari Holding AS's Days Payable distribution charts can be found below:

* The bar in red indicates where TAV Havalimanlari Holding AS's Days Payable falls into.

TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding 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
=	( (74.592	+	60.043)	/	2 )	/	964.158	*	365
=	67.3175					/	964.158	*	365
=	25.48

TAV Havalimanlari Holding AS's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (86.573	+	83.619)	/	2 )	/	307.496	*	365 / 4
=	85.096					/	307.496	*	365 / 4
=	25.25

TAV Havalimanlari Holding AS Days Payable Related Terms

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TAV Havalimanlari Holding AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TAV Havalimanlari Holding AS (OTCPK:TAVHY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TAVHF:USA TAVHL:Turkey 5THA:Germany

Address

Ayazaga Mahallesi, Azerbaycan Caddesi, 2C Blok No:3L/6, Vadistanbul Bulvar, Sariyer, Istanbul, TUR, 34485

Website

https://www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding AS constructs, manages and operates terminal buildings, management and operation of terminals or airports. The company organises itself into five segments: Terminal operations, Catering operations, Duty free operations, Ground handling and bus operations, and Other operations. Terminal operations, which contribute approximately half the company's revenue and the majority of profit, operates terminal buildings and car parks. Ground handling and bus operations and duty free operations are the next most significant segments. The company is headquartered in Turkey and derives the majority of revenue domestically.