Tekfen Holding AS (Tekfen Holding AS) Days Payable : 54.63 (As of Dec. 2023)

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What is Tekfen Holding AS Days Payable?

Tekfen Holding AS's average Accounts Payable for the three months ended in Dec. 2023 was $376 Mil. Tekfen Holding AS's Cost of Goods Sold for the three months ended in Dec. 2023 was $628 Mil. Hence, Tekfen Holding AS's Days Payable for the three months ended in Dec. 2023 was 54.63.

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

TKFHY' s Days Payable Range Over the Past 10 Years
Min: 84.76 Med: 108.02 Max: 125.19
Current: 102

During the past 13 years, Tekfen Holding AS's highest Days Payable was 125.19. The lowest was 84.76. And the median was 108.02.

TKFHY's Days Payable is ranked better than
63.77% of 1601 companies
in the Construction industry
Industry Median: 75.97 vs TKFHY: 102.00

Tekfen Holding AS's Days Payable increased from Dec. 2022 (37.50) to Dec. 2023 (54.63). It may suggest that Tekfen Holding AS delayed paying its suppliers.

Tekfen Holding AS Days Payable Historical Data

The historical data trend for Tekfen 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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Tekfen Holding AS Days Payable Chart

Tekfen Holding AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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96.96

131.73

156.84

93.75

166.20

Tekfen Holding AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															37.50	148.25	136.91	129.08	54.63

Competitive Comparison of Tekfen Holding AS's Days Payable

For the Engineering & Construction subindustry, Tekfen 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.

Tekfen Holding AS's Days Payable Distribution in the Construction Industry

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

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

Tekfen 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.

Tekfen 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
=	( (933.174	+	379.319)	/	2 )	/	1441.187	*	365
=	656.2465					/	1441.187	*	365
=	166.20

Tekfen Holding 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (372.352	+	379.319)	/	2 )	/	627.752	*	365 / 4
=	375.8355					/	627.752	*	365 / 4
=	54.63

Tekfen Holding AS Days Payable Related Terms

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Tekfen Holding AS (Tekfen Holding AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tekfen Holding AS (OTCPK:TKFHY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TKFEN:Turkey

Address

Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340

Website

https://www.tekfen.com.tr

Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Chemical Industry; Agricultural Production; Service and Investment. It generates maximum revenue from the Chemical Industry segment. The Chemical Industry segment is mainly focused on fertilizer production, continues its activities in the fields of mineral fertilizers as well as special water soluble fertilizers and organic/organomineral fertilizers. It also manufactures bags used in fertilizer packaging in its own facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process.

Tekfen Holding AS (Tekfen Holding AS) Headlines

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