Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Days Payable : 43.15 (As of Dec. 2023)

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What is Vakif Gayrimenkul Yatirim Ortakligi AS Days Payable?

Vakif Gayrimenkul Yatirim Ortakligi AS's average Accounts Payable for the three months ended in Dec. 2023 was ₺305 Mil. Vakif Gayrimenkul Yatirim Ortakligi AS's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺644 Mil. Hence, Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable for the three months ended in Dec. 2023 was 43.15.

The historical rank and industry rank for Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable or its related term are showing as below:

IST:VKGYO' s Days Payable Range Over the Past 10 Years
Min: 6.97 Med: 185.12 Max: 5041.29
Current: 161.9

During the past 13 years, Vakif Gayrimenkul Yatirim Ortakligi AS's highest Days Payable was 5041.29. The lowest was 6.97. And the median was 185.12.

IST:VKGYO's Days Payable is ranked better than
58.98% of 529 companies
in the REITs industry
Industry Median: 127.87 vs IST:VKGYO: 161.90

Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable increased from Dec. 2022 (3.14) to Dec. 2023 (43.15). It may suggest that Vakif Gayrimenkul Yatirim Ortakligi AS delayed paying its suppliers.

Vakif Gayrimenkul Yatirim Ortakligi AS Days Payable Historical Data

The historical data trend for Vakif Gayrimenkul Yatirim Ortakligi 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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Vakif Gayrimenkul Yatirim Ortakligi AS Days Payable Chart

Vakif Gayrimenkul Yatirim Ortakligi AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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398.86

457.76

876.68

6.97

70.34

Vakif Gayrimenkul Yatirim Ortakligi 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															3.14	15,694.64	22,870.36	26,452.08	43.15

Competitive Comparison of Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable

For the REIT - Diversified subindustry, Vakif Gayrimenkul Yatirim Ortakligi 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.

Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Vakif Gayrimenkul Yatirim Ortakligi AS's Days Payable falls into.

Vakif Gayrimenkul Yatirim Ortakligi 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.

Vakif Gayrimenkul Yatirim Ortakligi 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
=	( (64.64	+	185.322)	/	2 )	/	648.551	*	365
=	124.981					/	648.551	*	365
=	70.34

Vakif Gayrimenkul Yatirim Ortakligi 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
=	( (423.943	+	185.322)	/	2 )	/	644.245	*	365 / 4
=	304.6325					/	644.245	*	365 / 4
=	43.15

Vakif Gayrimenkul Yatirim Ortakligi AS Days Payable Related Terms

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Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Serifali Mah. Bayraktar, Boulevard No: 62 Umraniye, Istanbul, TUR

Website

http://www.vakifgyo.com.tr

Vakif Gayrimenkul Yatirim Ortakligi AS is a real estate investment trust. The company invests in real estate, capital market instruments based on real estate, buildings, land, projects based on real estates, usufruct rights established on real estate and rental income. It leases and rents commercial and office buildings in Ankara and Istanbul. Its projects include Istanbul international finance center project, Bizimtepe aydos project, and maltepe housing project.

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