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Akfen Yenilenebilir Enerji (IST:AKFYE) Days Payable : 28.30 (As of Dec. 2023)


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What is Akfen Yenilenebilir Enerji Days Payable?

Akfen Yenilenebilir Enerji's average Accounts Payable for the three months ended in Dec. 2023 was ₺323 Mil. Akfen Yenilenebilir Enerji's Cost of Goods Sold for the three months ended in Dec. 2023 was ₺1,043 Mil. Hence, Akfen Yenilenebilir Enerji's Days Payable for the three months ended in Dec. 2023 was 28.30.

The historical rank and industry rank for Akfen Yenilenebilir Enerji's Days Payable or its related term are showing as below:

IST:AKFYE' s Days Payable Range Over the Past 10 Years
Min: 64.67   Med: 106.6   Max: 449.53
Current: 64.67

During the past 5 years, Akfen Yenilenebilir Enerji's highest Days Payable was 449.53. The lowest was 64.67. And the median was 106.60.

IST:AKFYE's Days Payable is ranked worse than
55.41% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.705 vs IST:AKFYE: 64.67

Akfen Yenilenebilir Enerji's Days Payable declined from Dec. 2022 (42.93) to Dec. 2023 (28.30). It may suggest that Akfen Yenilenebilir Enerji accelerated paying its suppliers.


Akfen Yenilenebilir Enerji Days Payable Historical Data

The historical data trend for Akfen Yenilenebilir Enerji'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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Akfen Yenilenebilir Enerji Days Payable Chart

Akfen Yenilenebilir Enerji Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
449.53 180.31 92.08 91.28 106.60

Akfen Yenilenebilir Enerji Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.93 133.57 54.64 49.48 28.30

Competitive Comparison of Akfen Yenilenebilir Enerji's Days Payable

For the Utilities - Renewable subindustry, Akfen Yenilenebilir Enerji'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.


Akfen Yenilenebilir Enerji's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Akfen Yenilenebilir Enerji's Days Payable distribution charts can be found below:

* The bar in red indicates where Akfen Yenilenebilir Enerji's Days Payable falls into.



Akfen Yenilenebilir Enerji 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.

Akfen Yenilenebilir Enerji'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
=( (853.379 + 410.056) / 2 ) / 2162.99*365
=631.7175 / 2162.99*365
=106.60

Akfen Yenilenebilir Enerji'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
=( (236.599 + 410.056) / 2 ) / 1042.698*365 / 4
=323.3275 / 1042.698*365 / 4
=28.30

* 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.


Akfen Yenilenebilir Enerji Days Payable Related Terms

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Akfen Yenilenebilir Enerji (IST:AKFYE) Business Description

Traded in Other Exchanges
N/A
Address
Turan Gunes Bulvar? Galip Erdem Caddesi, No:3, Ilkbahar Mahallesi, Cankaya, Ankara, TUR
Akfen Yenilenebilir Enerji operates as a renewable energy company. The company generates and trades electricity through renewable energy power plants such as hydroelectric power plant facilities, Solar Power Plants, and Wind Power Plants.

Akfen Yenilenebilir Enerji (IST:AKFYE) Headlines

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