QNB Finans Finansal Kiralama AS (IST:QNBFL) Days Payable : 71.46 (As of Mar. 2024)

View and export this data going back to 1993. Start your Free Trial

What is QNB Finans Finansal Kiralama AS Days Payable?

QNB Finans Finansal Kiralama AS's average Accounts Payable for the three months ended in Mar. 2024 was ₺728 Mil. QNB Finans Finansal Kiralama AS's Cost of Goods Sold for the three months ended in Mar. 2024 was ₺930 Mil. Hence, QNB Finans Finansal Kiralama AS's Days Payable for the three months ended in Mar. 2024 was 71.46.

The historical rank and industry rank for QNB Finans Finansal Kiralama AS's Days Payable or its related term are showing as below:

IST:QNBFL' s Days Payable Range Over the Past 10 Years
Min: 79.16 Med: 233.47 Max: 328.98
Current: 87.19

During the past 13 years, QNB Finans Finansal Kiralama AS's highest Days Payable was 328.98. The lowest was 79.16. And the median was 233.47.

IST:QNBFL's Days Payable is ranked better than
63.6% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs IST:QNBFL: 87.19

QNB Finans Finansal Kiralama AS's Days Payable declined from Mar. 2023 (124.74) to Mar. 2024 (71.46). It may suggest that QNB Finans Finansal Kiralama AS accelerated paying its suppliers.

QNB Finans Finansal Kiralama AS Days Payable Historical Data

The historical data trend for QNB Finans Finansal Kiralama 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.

QNB Finans Finansal Kiralama AS Days Payable Chart

QNB Finans Finansal Kiralama AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.16

185.48

286.95

195.98

90.93

QNB Finans Finansal Kiralama AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															124.74	116.49	101.75	81.42	71.46

Competitive Comparison of QNB Finans Finansal Kiralama AS's Days Payable

For the Credit Services subindustry, QNB Finans Finansal Kiralama 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.

QNB Finans Finansal Kiralama AS's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, QNB Finans Finansal Kiralama AS's Days Payable distribution charts can be found below:

* The bar in red indicates where QNB Finans Finansal Kiralama AS's Days Payable falls into.

QNB Finans Finansal Kiralama 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.

QNB Finans Finansal Kiralama 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
=	( (410.979	+	756.954)	/	2 )	/	2344.014	*	365
=	583.9665					/	2344.014	*	365
=	90.93

QNB Finans Finansal Kiralama AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (756.954	+	699.37)	/	2 )	/	929.82	*	365 / 4
=	728.162					/	929.82	*	365 / 4
=	71.46

QNB Finans Finansal Kiralama AS Days Payable Related Terms

Thank you for viewing the detailed overview of QNB Finans Finansal Kiralama AS's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

QNB Finans Finansal Kiralama AS (IST:QNBFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » QNB Finans Finansal Kiralama AS (IST:QNBFL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nispetiye Caddesi, Akmerkez B Kulesi Kat: 10, Istanbul, TUR, 34620

Website

http://www.finansleasing.com.tr

QNB Finans Finansal Kiralama AS is a Turkey-based company involved in providing leasing services to Wind Turbines & Solar Power Plants, Heavy Machinery, Automobiles, Medical Equipment, Agricultural Equipment, and Printing Equipment among others.

QNB Finans Finansal Kiralama AS (IST:QNBFL) Headlines

No Headlines