Seker Finansal Kiralama AS (IST:SEKFK) Days Payable : 21.00 (As of Dec. 2023)

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What is Seker Finansal Kiralama AS Days Payable?

Seker Finansal Kiralama AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺27.7 Mil. Seker Finansal Kiralama AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺120.4 Mil. Hence, Seker Finansal Kiralama AS's Days Payable for the three months ended in Dec. 2023 was 21.00.

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

IST:SEKFK' s Days Payable Range Over the Past 10 Years
Min: 22.61 Med: 39.12 Max: 68.26
Current: 23.16

During the past 13 years, Seker Finansal Kiralama AS's highest Days Payable was 68.26. The lowest was 22.61. And the median was 39.12.

IST:SEKFK's Days Payable is ranked worse than
68.42% of 285 companies
in the Credit Services industry
Industry Median: 48.78 vs IST:SEKFK: 23.16

Seker Finansal Kiralama AS's Days Payable declined from Dec. 2022 (26.38) to Dec. 2023 (21.00). It may suggest that Seker Finansal Kiralama AS accelerated paying its suppliers.

Seker Finansal Kiralama AS Days Payable Historical Data

The historical data trend for Seker 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.

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Seker Finansal Kiralama AS Days Payable Chart

Seker Finansal Kiralama AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.50

46.00

31.76

23.68

22.61

Seker Finansal Kiralama 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															26.38	26.30	20.27	27.33	21.00

Competitive Comparison of Seker Finansal Kiralama AS's Days Payable

For the Credit Services subindustry, Seker 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.

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

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

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

Seker 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.

Seker 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
=	( (17.67	+	24.304)	/	2 )	/	338.759	*	365
=	20.987					/	338.759	*	365
=	22.61

Seker Finansal Kiralama 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
=	( (31.088	+	24.304)	/	2 )	/	120.355	*	365 / 4
=	27.696					/	120.355	*	365 / 4
=	21.00

Seker Finansal Kiralama AS Days Payable Related Terms

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Seker Finansal Kiralama AS (IST:SEKFK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Seker Finansal Kiralama AS (IST:SEKFK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Buyukdere Caddesi, Metrocity Is Merkezi, A Block:171, Kat:8 Esentepe- Sisli, Istanbul, TUR

Website

http://www.sekerleasing.com.tr

Seker Finansal Kiralama AS is a Turkey-based company engaged in financial leasing activities. The Company offers rental and leasing services individuals, enterprises and partnerships planning to invest in medical equipment, computers and related information technology products, communications equipment, cargo ships, tankers and other sea freight equipment, construction equipment and machinery, printing and textile equipment, as well as hospital, hotel, and office equipment. All the activities are functioned through the region of Turkey.

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