TVAVF (Tel Aviv Stock Exchange) Days Payable : 13.01 (As of Dec. 2024)

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What is Tel Aviv Stock Exchange Days Payable?

Tel Aviv Stock Exchange's average Accounts Payable for the three months ended in Dec. 2024 was $2.7 Mil. Tel Aviv Stock Exchange's Cost of Goods Sold for the three months ended in Dec. 2024 was $19.0 Mil. Hence, Tel Aviv Stock Exchange's Days Payable for the three months ended in Dec. 2024 was 13.01.

The historical rank and industry rank for Tel Aviv Stock Exchange's Days Payable or its related term are showing as below:

TVAVF' s Days Payable Range Over the Past 10 Years
Min: 16 Med: 29.21 Max: 38.83
Current: 16

During the past 10 years, Tel Aviv Stock Exchange's highest Days Payable was 38.83. The lowest was 16.00. And the median was 29.21.

TVAVF's Days Payable is ranked worse than
78.83% of 515 companies
in the Capital Markets industry
Industry Median: 100.15 vs TVAVF: 16.00

Tel Aviv Stock Exchange's Days Payable declined from Dec. 2023 (15.90) to Dec. 2024 (13.01). It may suggest that Tel Aviv Stock Exchange accelerated paying its suppliers.

Tel Aviv Stock Exchange Days Payable Historical Data

The historical data trend for Tel Aviv Stock Exchange'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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Tel Aviv Stock Exchange Days Payable Chart

Tel Aviv Stock Exchange Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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25.65

27.53

28.46

21.89

18.58

Tel Aviv Stock Exchange 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															15.90	19.29	16.07	13.81	13.01

Competitive Comparison of Tel Aviv Stock Exchange's Days Payable

For the Financial Data & Stock Exchanges subindustry, Tel Aviv Stock Exchange'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.

Tel Aviv Stock Exchange's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tel Aviv Stock Exchange's Days Payable distribution charts can be found below:

* The bar in red indicates where Tel Aviv Stock Exchange's Days Payable falls into.

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Tel Aviv Stock Exchange 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.

Tel Aviv Stock Exchange'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
=	( (3.532	+	3.064)	/	2 )	/	64.772	*	365
=	3.298					/	64.772	*	365
=	18.58

Tel Aviv Stock Exchange'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
=	( (2.348	+	3.064)	/	2 )	/	18.982	*	365 / 4
=	2.706					/	18.982	*	365 / 4
=	13.01

Tel Aviv Stock Exchange Days Payable Related Terms

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Tel Aviv Stock Exchange Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Tel Aviv Stock Exchange Ltd (OTCPK:TVAVF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TASE:Israel

Address

2 Ahuzat Bayit Street, Tel Aviv, ISR, 6525216

Website

https://www.tase.co.il

Tel Aviv Stock Exchange Ltd is engaged in managing a securities stock exchange and in related activities. The company deals in securities, indices, derivative market, securities listing, research, statistics, and others.